Ndola Lime not sold but restructured | ZCCM-IH
ZCCM-IH has denied reports that it has sold off Ndola Lime Company. In March 2020, ZCCM IH announced the appointment of a Business Rescue Administrator (BRA) who would oversee the much need turnaround of Ndola Lime. The BRA had commenced the process of restructuring the operations of NLC with a view to creating a business that will take over the running of the limestone operations sustainably. With over K1 billion kwacha already sunk into the lime company over the last 10 years, the entity continued making losses from operations. According…
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