By SIMON MUNTEMBATHE process of attracting a strategic equity partner in Mopani Copper Mines has already commenced but yet to be finalized, Minister of Mines and Minerals Development Richard Musukwa has said.Mr Musukwa said some companies from Turkey, Canada, China, United Kingdom, United States of America, Qatar and South Africa had shown interest in acquiring a stake in MCM.“The strategic equity partner will be expected to help in ramping up productions by completing the lined up projects such as Kitwe synclinoliun shaft and Mindolo Shaft at a total cost of $300 million,” Mr Musukwa said.And Mr Musukwa said the acquisition of Mopani Copper Mines by the State saved over 15, 000 jobs.Mr Musukwa said the transfer of Carlisa shares in Mopani Copper Mines (MCM) to ZCCM-IH was prompted by the need to safeguard jobs.Delivering a ministerial statement in Parliament yesterday, Mr Musukwa also said that the transfer of shares was in line with the Government […]
MOPANI STARTS SEARCH FOR EQUITY PARTNER
