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Zambian managers good – Zambia Daily Mail
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Anglo American faces lead class action in Zambia
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Anglo American faces class action in South African court
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by Vijay Prashad / April 8th, 2021
From left to right: Vijay Prashad, Fred M’membe, Diego Sequera, and Erika Farías in Caracas, 2019. Photograph taken by Yeimi Salinas.
On 12 August 2021, the people of Zambia will vote to elect a new president, who will be the seventh person elected to the office since Zambia won its independence from the United Kingdom in 1964 if the incumbent loses. The incumbent, President Edgar Lungu, is facing a strong challenge from Fred M’membe, the presidential candidate of the Socialist Party Zambia.
M’membe knows the importance of a challenge. As the editor of
The Post since its creation in 1991, M’membe has long faced malicious harassment and political persecution. The voice of M’membe’s
Glencore sells Mopani stake to ZCCM
Glencore subsidiary, Carlisa has signed an agreement to transfer its 90% interest in Mopani Copper Mines to Zambia Consolidated Copper Mines (ZCCM), the owner of the remaining 10% interest in Mopani, for $1 and the transaction debt.
Mopani Copper Mine. Image: ZCCMCompletion of the sale is conditional on receipt of certain regulatory approvals in Zambia and on the approval of the shareholders and board of directors of ZCCM, and is expected to occur within the next three months.
Mopani has been funded by Carlisa and other members of the Glencore group. On completion, $1.5bn of debt (transaction debt) will remain owed by Mopani to Glencore group creditors on the following terms: