Well chaps - I read that article and noted a couple of things which I am familiar with. 1/ Chingola - that word just reminds me so much of the good old days we hark back to. 2/ Delays which are perhaps a reason for today's drop - THOUGH I THINK IT IS JUST AN ADJUSTMENT TO THE SPREAD - I put that in caps as when I looked this am I think it was about a 30% spread and now under 10%:- Two procedures are yet to be undertaken; The Zambian authorities are yet to give a go ahead for the World Bank to proceed with the mitigation of further lead and zinc poisoning, which has already afflicted many lives for the people living in nearby Makululu, Kasanda townships, among other residential sites located near the mine site where the project was operational until late 1990s.
Secondly, after approval, the World Bank board will then need to sit and approve the US$60 million financing for the polluted environments in Kabwe which will later be extended to Chingola and Mufulira, where mining has taken its toll on the nearby communities and its people, who are victims of pollution arising from mining activities.
“We are likely to know the fate of the pollution victims in Kabwe and other mining areas like Chingola and Mufulira by December (2016) when our board will meet,” says World Bank country representative in Zambia, Ina-Marlene Ruthenberg.
“There has been a slight delay in approving the proposed mitigation blueprint…..we have submitted to the Government (Zambia) and we are waiting to hear whether it will be approved or not,” she added in an interview on the sidelines of the just ended Zambia International Mining and Energy Conference (ZIMEC) held in Lusaka from June 23-24.
However, sources in the ministry of Justice have hinted that the documentation was yet to be approved by the office of the Attorney General, which accordingly: “He is still consulting” relevant authorities.
Looks like my complaint post was removed by LSE admin.... Too close to the truth no doubt. There was no lies, no made up info, just my thoughts on the manipulation being used on all AIM shares, but it was deleted. WHY?
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