By SILUMESI MALUMOTHERE was wild jubilation on the Copperbelt following President Edgar Lungu’s announcement of a commission of inquiry into privatisation irregularities.The President has been asked to broaden the inquiry to include an investigation into transactions that have enriched a few at the cost of many miners who have wallowed in poverty.Mr Kenneth Witola, an official for ex-miners said Government should examine:How Konkola Mine valued at US$1.2 billion was sold at US$25 million and if in fact any money was paid.Companies owned by Mr Hakainde Hichilema and Mr Valentine Chitalu are running Zambia’s largest pension fund-Saturnia which owns properties belonging to KCM.How proceeds from the fund have been used over the years.How Mr Fred M’membe, Mr Mutembo Nchito and Mr Nchima Nchito came to own former Mine Air Service/ Roan Air which was bought by a management buyout.What happened to RAMCOZ money?What happened to Ndola Copper Refinery plant and equipment?Yesterday, President Lungu said a commission […]
MINERS CHEER INQUIRY
