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Government To Ensure No Short Cuts Are Taken In The Sale Of Lumwana Mines

By Tinkerbel Mwila

Mines minister Richard Musukwa says government is closely monitoring events at Lumwana copper mines in north western province following the disclosure by Barrick Gold the owners of the mine that the firm is up for grabs.

Mr. Musukwa tells Phoenix News that government has already engaged Lumwana Copper Mines management and the board to ensure there are no short cuts in the pending sale off process.

He explains that government through the Zambia Consolidated Copper Mines Investment Holdings –ZCCM-IH-is looking into possibility of getting shares in the said mines despite the selloff process and road map not yet being unveiled by the mother company Barrick gold.

Mr. Musukwa further says his ministry is monitoring the situation at Lumwana Mines and there is no need for stakeholders to panic.

Recently the Mine Workers Union of Zambia-MUZ- confirmed that Lumwana Mines Management has communicated to the union on intentions to sell the mining firm.

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