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Examples
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Mopani operates the Mufulira smelter and underground mine in Zambia as well as the Nkana mine.
Zambia Demands More Taxes From Glencore Nicholas Bariyo 2011
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Mopani operates the Mufulira smelter and underground mine in Zambia as well as the Nkana mine.
Zambia Demands More Taxes From Glencore Nicholas Bariyo 2011
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Nkana, Nchanga, Konkola and Nampundwe mines for on-the-spot checks to determine the value of the assets.
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ZCCM now intends selling Nkana separately, but the project will be managed by Anglo in the interim and ZCI has taken an option to buy it.
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They will also commit 208 million dollars in capital expenditure to the projects for the first three years and manage one Nkana mine in the interim with an option to buy it.
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The proposed deal revises an earlier agreement between Anglo and the Zambian government which included the sale of a fourth ZCCM asset, the Nkana smelter and refinery.
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The IMF and World Bank had set as a condition the disposal of the Nchanga, Nkana, Konkola and Nampundwe mines as a benchmark for the continued multilateral sponsored economic restructuring programme.
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Nchanga and Nkana have traditionally accounted for 65 percent of total ZCCM production.
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Privatisation of the Nchanga and Nkana mines is crucial to the development of the Copperbelt Province's economy, which has been ebbing since ZCCM production levels started slipping in the 1980s.
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The long-awaited sale of Zambia's biggest copper mining assets, the Nchanga and Nkana mines, has collapsed amid differences between the parties to the 400 million dollar deal, a Zambia Consolidated
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