By GRACE CHAILE LESOETSACHINESE investors have sued Government in the Lusaka High Court challenging the 50 percent take-over of the famous Black Mountain in Kitwe.Tianjin Maolin Science and Technology Company Limited, and Nkana Alloy and Smelting Company Limited wants the court to order the Minister of Finance, who is the golden shareholder not to take 50 percent of the Black Mountain and exit the Nkana Alloy.They want an order for the Ministry of Mines and Mineral Development not to demarcate 50 percent of the Black Mountain offered by them.Tianjin Maolin and Nkana Alloy seek an order that Government will exit within 30 days of the judgement of the court.And also an order that Government will grant the mining licence to Nkana Alloy within 30 days of the judgement of the court as well as an order that the Ministry of Home Affairs and Zambia Police Service will provide security to the Black Mountain and the […]
CHINESE CHALLENGE BLACK MOUNTAIN SEIZURE
