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Vol 43 No 9

Published 3rd May 2002


Zambia

Cobalt cash

An audit report will soon be released on how Zambia's state mining company lost as much as US$60 million exporting cobalt to the Bahamas-based Metal Resources Group. That was in President Frederick Chiluba's time and his critics want criminal charges pressed against officials involved in the deal. MRG threatens to sue the auditors if the report is released but has so far failed to explain the losses convincingly.

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