By NATION REPORTER THE ZCCM-IH minority shareholders have complained of lack of transparency in the KMP royalty deal in which critical documents and clauses with references to the calculation of royalty in the agreements have either been hidden or concealed.And Emmanuel Mwamba says details of the deal between First Quantum Minerals and ZCCM-IH conversion of shares from dividend to royalty payment in Kansanshi Copper and Gold Mine have been hidden.The ZCCM-IH minority shareholders are raising question to the intentions by the ZCCM-IH to hide information about the royalty dividends which could make them (minority shareholders) to vote in an informed manner.An agreement was reached at the extraordinary general meeting between the ZCCM-IH minority shareholders and First Quantum Minerals at which it was agreed to convert the KMP dividends into royalty but the documents have not been availed to the minority shareholders for unexplained reasons.Thierry Charles, the spokesperson for the Minority Shareholders of the ZCCM-IH says […]
ZCCM-IH accused of hiding shareholding documents
