The Copperbelt Trade and Development Forum has urged the government to emulate Democratic Republic of Congo and Chile that owns 100% shares in some mines.
Forum Executive Director Vincent Lengwe has told Money FM News that the DRC Government has Geca-mines which is 100% state owned while Chile has Codelco Mine which he says are running profitably.
Mr. Lengwe says it is unfortunate that the Zambian government is a minority shareholder in the mines with shares between 17% and 26%.
He says Zimbabwe and Botswana governments have shares in some of these strategic institutions of over 51%.
Mr. Lengwe has however applauded the decision by the government to reject the offer from the First Quantum Minerals that was offering about US$700 million for government’s 17% stake in the mine.
He says the government in this case, should consider increasing its shareholding in these strategic institutions.

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