Zambian businessman proposes Acquisition of Mopani Copper Mine.
A South African company owned by a Zambian, Bizwell Mutale, has offered to buy Mopani Copper Mines for $2.8 billion. The offer was made in a letter addressed to Rothschild and Company, who are consultants for Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH).
The letter proposes that $1 billion will be used for Mopani Copper Mine’s internal operations. And The offer has also been sent to the mines minister, ZCCM-IH CEO, financial investment director, and the CEO of Business Gate Kingdom of Saudi Arabia. The letter also states the company’s commitment to proceed with the transaction as soon as possible.
