Zambian government seeks more active role in mining assets7 Oct 2020 15:20
Could this give the credence to Galileo in Zambia?
http://venturesafrica.com/zambian-government-seeks-more-active-role-in-mining-assets/
July 2020 ZCCM-Investment Holding (ZCCM-IH), which is controlled by Industrial Development Corporation (IDC), is Zambia’s mining investment arm. It owns minority shares in mines .........
According to Mateyo Kaluba, chief executive of IDC, ZCCM-IH should seek its own mines, do explorations and develop mining operations. This will give the company higher stakes in future mining ventures.
“We are not averse to them getting into partnerships but those partnerships must be balanced. Most of the partnerships that ZCCM-IH has right now are not balanced because the stakes are very small minorities,”