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Article: Zambian Government Urged to Quicken Copper Mines
- Article from:
- Xinhua News Agency
- Article date:
- May 31, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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The Zambia Association of Manufacturers (ZAM) Sunday urged the
Zambian government to quicken privatization of the Zambia
Consolidated Copper Mines (ZCCM), the Zambia News Agency (ZANA)
said.
ZAM even called on the government to sell some mines at a
give-away price to save the country's economy from collapse.
In an interview with ZANA in Lusaka, ZAM Chairman Mark O'Donnell
said that in view of an apparent shortage of buyers for Nchanga and
Nkana mines, the largest mines in Zambia, they should be sold at any
price as long as the country could benefit from the long-term
investment.
"The government's offer should not just be cash on the table but
what the new investment would do to the country," ...