SHOULD ZAMBIA TRUST KCM’S ANIL AGARWAL?
Written by Millennium on June 2, 2019
TODAY’S spot price for copper is $6,220 per tonne and multiply that by 400,000 tonnes per year and you are talking $2.488 billion in revenue.
Today’s spot price for cobalt is $34,011 per tonne and multiply that by 210,000 tonnes per year and you are talking $7.142 Billion in revenue.
And yet, everyone is thinking about externalization of almost $9.6 Billion at full capacity of our natural resources from KCM alone instead of internalized revenue back to BoZ in direct foreign exchange earnings by talking foreign investors.
It’s time we owned these mines and keep this money home … a management buyout will create our own Zambian billionaires.
Let’s roll …
B R Mumba, Snr