Nationalisation cost Nationalisation cost the country an estimated $45-billion in potential income, according to a march report by Eunomix, a research company. ZCCM-IH holds minority stakes in the local units of Glencore Xstrata, First Quantum Minerals and Vedanta Resources, following state asset sales that began in the 1990s. Zambia’s mines lost more than $1-million a day under government ownership, according First Quantum, the country’s biggest copper producer. Output of the metal fell 65% to 263,000 metric tons in 1997 from 1973, chamber of mines figures show mg.co.za/article/2013-10-09-zambia-to-cede-control-in-copper-mines # I just had to share this...
Posted on: Wed, 09 Oct 2013 07:50:04 +0000
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