Thu, 10 Aug 2017 09:56:12 +0000 By Charles Musonda THE protracted legal battle over Black Mountain ownership, between Copperbelt Mineral Processing Company Limited (CMPC) notoriously known as Jerabos, and Nkana Alloy Smelting Company Limited is slowly coming to an end. This follows the two parties’ agreement to settle the matter out of court and enter into mutual business contracts that will result in a win-win situation. The current majority owner is a Chinese company called Tianjin Maolin Technology Company Limited that legally acquired the slug dump from Chambeshi Metals Plc, which bought it from Nkana Alloy Smelting Company Limited, a subsidiary of ZCCM-IH. But the Jerabos had refused to leave the site on grounds that it was their only source of employment and later formed CMPC as a special purpose vehicle for regulating their mining activities on the slug dump (the Black Mountain) and the matter was still pending before the Kitwe High Court. According […]
