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PRESS RELEASE
EXPRESSIONS OF INTEREST: MAAMBA
COLLIERIES LIMITED For Release 17th
August , 2005
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| The Zambia Privatisation Agency (ZPA)
recently invited suitably qualified prospective investors to bid for up to 100%
Government shareholding in the Maamba Collieries Limited (MCL). The closing date
for submission of bids was Friday 5th August, 2005 and tenders were received
from ten (10) entities as follows: |
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- Maamba Energy Corporation:
(Zambian company)
- PH Motors Limited: (Zambian
Company)
- Copperbelt Resource Ltd (CORES):
(Zambian Company) in colloboration with Mwana Africa Holding: (South African
Company)
- Gamsberg Mining Services (PTY)
Ltd: (South African Company)
- Techno Source Consortium:
(Canadian Company)
- H.V. Atlantic Investments
(Zambian Company)
- Maamba Katuya Consortium:
(Zambian, French, South African Consortium)
- Monet ISPAT Limited: (Indian
Company)
- R.J. Cockroft: (South African
Company)
- Chimsoro Farms Limited (Zambian
Company)
After bids have been evaluated, the ZPA Board will review the bid evaluation
and select bidders for negotiations.
MCL is a wholly owned Government company engaged in the mining and selling
of coal to major industries in Zambia, as well as for exports to
neighbouring countries. With 692 employees, MCL is the largest employer in
Southern Province and cradles the hopes and aspirations of a large
proportion of the population in the province
It is the largest producer of coal in Zambia and has 78.2 million tonnes of
coal reserves of which 60.2 million tonnes is proven and 18 million tonnes
is probable. For the year ending 31st March 2004, MCL produced 66, 352
tonnes of coal and sales were K14.1 billion. MCL incurred a loss of K11.2
billion, and Net Assets on 31st March 2004 were K-27.9 billion (negative).
For Enquiries, Contact:
Alphonsius Hamachila
Ahamachila@zpa.org.zm
Manager: Public Relations
Zambia Privatisation Agency
Privatisation House
Nasser Road
P.O. Box 30819,
LUSAKA, ZAMBIA
Telephone: + 260 1 220177
Fax: + 260 1 225270
Email: zpa@zpa.org.zm
Website: www.zpa.org.zm
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