By SILUMESI MALUMOTHE move by ZCCM-IH to secure 45 percent in gold processing will enable the country earn meaningful revenue, Forum Energy Zambia has said.Forum chairperson, Johnston Chikwanda, said the move was a commendable effort on part of ZCCM-IH which in the past had been holding a paltry 20 percent in some mining firms.“If this kind of effort we are witnessing today of securing a minimum 45 percent coupled with an option of increasing the level of shareholding and strong participation in the management was started a long time ago, we wouldn’t be where we are today as a country,” he said.Mr Chikwanda told the Daily Nation yesterday that it was not an easy undertaking to secure this kind of shareholding in addition to participation in managerial sensitive positions in an investment.“The laws of this country have allowed for investors to come and invest in priority sectors in line with ZDA guidelines. If Karma has […]
‘Gold policy well-intended’
