Find us on Google+

Thursday, 30 July 2009

Mine Watch (Mazabuka)

China's largest nickel producer Jinchuan Group Ltd has now firmly agreed to take over Munali nickel mine next month after the operations were suspended in March due to low nickel prices. According to Mines Minister Maxwell Mwale "Jinchuan will become the majority shareholders with above 70 percent of the shares...Officials from Jinchuan will be coming to Zambia next week to finalise the take over arrangements and we are hoping that they will take possession of the mine by the end of August." We have tracked the local reactions on the House of Chiefs - see here and here.

No comments:

Post a comment

All contributors should follow the basic principles of a productive dialogue: communicate their perspective, ask, comment, respond,and share information and knowledge, but do all this with a positive approach.

This is a friendly website. However, if you feel compelled to comment 'anonymously', you are strongly encouraged to state your location / adopt a unique nick name so that other commentators/readers do not confuse your comments with other individuals also commenting anonymously.