By GIDEON NYENDWA BRIAN Mundubile has accused Government of awarding 51 percent shares in Mopani mine to the International Holdings Resources (IHR) a United Arab Emirates–based company free of charge. Mr Mundubile, the Patriotic Front Mporokoso Member of Parliament says the failure by Mines and Minerals Development Minister, Paul Kabuswe to disclose where the money for the shares had gone after selling 51 percent of the Mopani Copper Mine shares to IHR meant that the transaction was fraudulent meant to rob Zambians of their natural resources. In November last year, the UPND government picked IHR, claimed to be the most valuable listed company as the strategic equity partner in Mopani. And in December last year, the IHR promised it was going to invest US$1.1 billion in Mopani Copper Mines in return for 51 percent ownership of the business. But Mr Mundubile said while Mr Kabuswe was good at giving out figures about the investment in […]
Mopani was given to IHR for free – Mundubile
