Zambia’s state mining company is on the lookout for further deals as it prepares to complete its acquisition of a majority stake in Glencore’s struggling copper business in the country. ZCCM Investment Holdings chairman Mabvuto Chipata said the company would consider any opportunities to increase the minority shareholdings its owns Zambia-based companies. “We think that operating a mine will allow us to extract more value,” Chipata said in an interview with the Financial Times. “We need to make sure we have participated in the mining sector, which controls the larger part of this economy.” Full Story via [FT.Com website]
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