Jump to navigation

Vol 40 No 3

Published 5th February 1999


Zambia

Copper crunch

The timing could hardly have been worse. As the world price of copper plummets, the Zambian government has at last moved decisively towards selling off its one big asset, the best parts of Zambia Consolidated Copper Mines. Under a memorandum of understanding dated 22 January, experts from the Anglo American Corporation of South Africa, through its Zambia Copper Investments subsidiary, will now start to examine ZCCM's mines and ­ especially ­ accounts. The aim is to close the deal by 31 March.

End of preview - This article contains approximately 340 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.