During the signing ceremony at the MCL offices in Lusaka, MCL acting general manager Alex Mutale said it was management’s target to enter into proper negotiations with the union in December as Nava Bharat would have completed the restructuring programme.
Maamba has in the past few months been committed to clearing outstanding debts to employees, former employees, suppliers as well as statutory bodies. The exercise is nearing completion.
In April 2010, Nava Bharat Pty of Singapore acquired majority shareholding in Maamba Collieries Limited. ZCCM IH continues to be a substantive shareholder with representation on the board. The government of the Republic of Zambia, through the Ministry of Finance and National Planning, is also represented on the board.
Source: The Post Online