Peter Sinkamba
Peter Sinkamba

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.

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