Friday, March 29, 2024

Increase stake in mining firms-ZUFIAW urges Govt

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File:Lunshya copper mines (LCM) one of the foreign owned mine
File:Lunshya copper mines (LCM) one of the foreign owned mine

The Zambia Union of Financial Institutions and Allied Workers has advised Government to increase its stake in mining companies in order to safeguard the country’s interests.

ZUFIAW President Chingati Msiska has also appealed to government to intervene in the job losses in the mining sector.

Mr Msiska said Zambia will continue on the receiving end of turbulences in the mining industry as long as it does not increase its shareholding in mining companies.

He said Government should get major shares in the mining companies if a number of things are to change.

‘You see, there have been a lot of talks about job losses in the mining industry but we feel Government needs to move in and secure the jobs,’ Mr Msiska said.

He said Government needs to show leadership and put in place measures that are going to secure and safeguard the jobs in the mining sector.

‘These investors have not done us good, most of the things they have brought in are anti workers,’ he said.

6 COMMENTS

    • Yesssss! And then they can appoint PF cardres and unqualified relatives to run them! Just like ZESCO!

      That will be wonderful for DIVERSIFICATION of Zambias economy, when they collapse completely and we have no more copper exports!

  1. Why not outright take over? If you share they’ll still play tricks,hold you to ransom by withholding much of their inflows while they externalise the dividends.We’ve been there before and KK was compelled to nationalise.Can we repeat the mistake with abundant knowledge and skills? Unless we weren’t just meant for any breakthrough in this sector

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