Mopani Copper Mine scale “scandal”
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Parliament has directed that the Minister of Mines presents a complete assertion on the sale of Mopani Copper Mine.
The sale has generated alot of suspicion with the opposition alleging corruption.
The Minister is obligated to make clear why the federal government’s 51% stake in Mopani, held via ZCCM-IH, was transferred to Delta Mining with out searching for parliamentary approval. Such a constitutional breach by the President constitutes grounds for impeachment.
Although the federal government introduced that Delta Mining Limited, a subsidiary of International Resource Holdings, had dedicated to buying the 51% stake in Mopani with an funding of as much as US$1.1 billion, Delta Mining finally injected solely US$130 million into Mopani.
The authorities has not clarified the supply of the remaining funds, leaving a troubling hole in transparency.
It raises the query: as why the federal government select to allocate over US$500 million from NAPSA for the Lusaka-Ndola twin carriageway, slightly than make investments US$130 million instantly in Mopani Copper Mines to make sure full retention of mineral wealth income? Who are the true house owners of Delta Mining Limited? These are questions being requested.