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ZCCM deal to be concluded

    JOHANNESBURG

    Zambia’s finance minister Katele Kalumba was reported on Thursday as saying that he expects the giant South African mining house, Anglo American, to conclude a deal to purchase 70 percent of the state-owned Zambia Consolidated Copper Mines (ZCCM) by 15 March.

    Kalumba reportedly said: “The Zambian government has met all its obligations as envisaged in the sale agreement and I expect them to deliver a conclusion by the 15 March deadline.”

    The sale was initially meant to have been concluded by 31 January, but was delayed after the International Finance Corporation was said to be unhappy with some aspects of the deal.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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