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Vol 40 No 3

Published 5th February 1999


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.

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