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ZCCM-IH TIPPED ON MAXIMISING PROFITS

By SANFROSSA MANYINDA
THE Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) should ensure that production costs are well managed against profitability so that maximum benefits are derived from owning the mines, Mining Expert and Researcher James Musonda. 

Mr Musonda observed that the move by the government to have more ownership in Zambian mines through ZCCM-IH was a good one but that it needed to be done in a way that mistakes from the past were not repeated.

He said Zambia’s failure to run the mines effectively during the nationalisation era could be attributed to poor management of expenditure and government interference.

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