ZCCM-IH , GLENCORE TALKS ADVANCE – MUSUKWA
By Ruth Chayinda
A technical team has been constituted and is in negotiations with Glencore, following ZCCM-IH’s decision to increase its shareholding in Mopani Copper Mine.
Mines Minister, Richard Musukwa has confirmed the development, saying negotiations between Glencore and ZCCM -IH are steadily progressing.
The negotiations come after Glencore decided to put its assets in Zambia on care and maintenance.
Mr. Musukwa said this when the Association of Mine Suppliers and Contractors of Zambia paid a courtesy call on him at his office in Lusaka.
And Mr. Musukwa said Konkola Copper Mines -KCM- has continued to operate and government has continued to dismantle the debt owed to contractors and suppliers, following the liquidation.
Meanwhile, Association of Mine Suppliers and Contractors President, Augustine Mubanga has commended government for revising the Mines and Minerals Act.
Mr. Mubanga has explained that this will make it easy for local contractors and suppliers to participate in the mining sector.