By Peter Sinkamba
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ZAMBIAN CONSORTIUM TO BID FOR MOPANI TAKEOVER
A Zambian consortium will bid for take over of Mopani Copper Mines takeover.
The consortium will pay off the US$1.5 billion debt owed by government to Glencore; pay government US$500 million cash as compensation; and invest US$1 billion in the capitalization of the mine to substantially increase its production capacity.
The consortium will be submitting the offer to Government next week.