Zambia Anglo-American Copper Mining Prospects Lifted as Cadastre Office Reopens

0
104
Zambia Anglo-American Copper Mining Prospects Lifted as Cadastre Office Reopens
Zambia Anglo-American Copper Mining Prospects Lifted as Cadastre Office Reopens

Agency reports have it that the prospects for a copper-mining joint venture which would mark Anglo-American return to Zambia after 20 years have been lifted by the reopening of the country’s mining cadastre office.

According to the report, the office’s work had been disrupted since closure in February with the mines ministry saying the previous granting of licenses had been tainted by deep-necked corruption. However, the office got reopened on October 19 and will start accepting new license applications from November 21.

READ MORE: Ugandan President Accuses Western Countries of Double Standard on Climate Change

Nick von Schirnding, Executive Chairman of Anglo American’s prospective JV partner Arc Minerals, said that, “The clean-up is very good news for Zambia.”

READ MORE: Alarming Signs as Global Food Import Bill Rising to Nearly US$2 Trillion Owing to Higher Prices

In his view, “Corruption corrodes the whole system and will destroy value. Zambia is in the process of cleaning up its act.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

five × 3 =