[miningmx.com] – ZAMBIA mines minister, Christopher Yaluma, told Bloomberg News the country was taking a further step back from nationalisation by putting more of its investment company, ZCCM, into “private hands”.
The southern African nation will probably cut its 87.6% stake in ZCCM Investment Holdings to less than 50%, Yaluma told Bloomberg News.
“We are not looking back, but looking forward and getting the mining houses totally into private hands,’ he said. “We have gone past nationalization and we are not going back.’
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