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Finance and National Development Minister, Situmbeko Musokotwane, has announced that government would this week select qualified equity investors in Mopani and Konkola Copper Mines (KCM).
Musokotwane said government would settle for competent and technically qualified equity investors for the two mines this month.
He added that government had taken due care to ensure the potential investors were not those flown by night but have a track record.
Musokotwane said this when he featured on ZNBC’s Sunday Interview programme on Sunday night.
Read more: Mines Minister, Kabuswe, apologises for delay in concluding KCM, Mopani Copper Mine deal
He said the two mines were key to Zambia’s economy especially as the country undertakes to pay off the restructured US$6.3 billion in debt owed to governments abroad including China.
“In the case of Mopani, we had 13 companies. These are very strong companies who expressed interest, that number has since been reduced to four, right now they are been asked to put in their final bids, and after, I think in the next three weeks or within July, we should be able to focus on one that we will agree with.
“On KCM,we have made a lot of progress, we believe within the same time frame as Mopani, we would get that done,” Musokotwane said.
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