AT THE time the completion of the 51 percent takeover of the Roan Selection Trust and Anglo American Corporation was being finalised, it was announced the nation’s share of the profits of the mining companies was K87 for every K100 profit. PICTURE: STEVE & JILL MOOREY
KELVIN KACHINGWE, Lusaka
THE negotiations for the takeover of 51 percent shares by the Zambian government in the two mining giants, Roan Selection Trust (RST) and Anglo American Corporation (AAC), were completed on October 18, 1969 and they came into effect on January 1, 1970. (more…)