Thu. Aug 22nd, 2019

Kantanshi MP to lead a negotiating team for sale of KCM

Kantanshi MP
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By JOHN SAKALA
President Edgar Lungu has constituted a team to be led by Kantanshi Constituency Member of Parliament Anthony Mumba to be part of the Konkola Copper Mines negotiating team for the sale of KCM.

Mr Mumba will be part of a team that comprises Government, some Members of Parliament, Union and Chamber of Commerce officials.

Minority shareholder, ZCCM-IH started the legal process to divorce Vedanta Holdings through a liquidation process.

The Court has since appointed a provisional liquidator, Milingo Lungu.

This is contained in a statement issued by State House on Sunday evening when President Lungu reshuffled his Cabinet and dropped the Minister of Finance, Margaret Mwanakatwe and appointed Dr Bwalya Ngandu in her place.

President Lungu said he wants transparency in the process and the team will also include unions and chambers of commerce.

This is contained in a media statement made available by Special Assistant to the President for Press and Public Relations Isaac Chipampe.

 

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