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Government signs accord with First Quantum

    JOHANNESBURG

    Meanwhile, news reports said on Wednesday that the Zambian government had signed an agreement with First Quantum Minerals (FQM) and Glencore International AG for the sale of the Nkana and Mufulira copper mines for an estimated US $43 million.

    According to a government statement, the signing of the accord is for the sale of a 90 percent interest in a new company to be incorporated in Zambia by FQM and Glencore. Zambia Consolidated Copper Mines (ZCCM) will retain a 10 percent stake.

    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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