THERE has been overwhelming interest from international firms seeking to become equity partners for ZCCM-IH in running Mopani Copper Mine, Mines and Minerals Development Minister Richard Musukwa has said.
Mr Musukwa also announced that all the formalities for the total acquisition of Mopani Copper Mines by ZCCM-IH had been completed. He said ZCCM-IH had been tasked to inject new capital and revamp all production lines at the mine. Mr Musukwa said Government would closely monitor the operations at Mopani to ensure total adherence to good corporate governance. He said local contractors and suppliers would be prioritised in the award of contracts as a means of ensuring citizens benefitted from their mineral wealth.
Mr Musukwa said all qualified members of staff were assured of job security. He said the mine would thrive through professionalism and commitment. Mr Musukwa said President Edgar Lungu wants citizens to fully benefit from their mineral wealth as the government places the country on a new economic trajectory where nobody is left behind.
ZCCM-IH had announced its plans to buy Glencore International’s majority stake in Mopani Copper Mines. Glencore’s subsidiary Carlisa Investments Corporation later signed an agreement to transfer its 90 percent interest in Mopani to ZCCM IH ZCCM IH already held a 10 percent stake in Mopani.
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