Last of Zambia's family copper sold off.

Position:Brief Article

The drawn our and contentious sale of the Zambian copper industry ended with the last major sale at a special ceremony in the capital Lusaka on the last Friday of March. Anglo American paid $90m for three mines and the consensus is that it got itself a bargain.

Western donors, who contribute a third of the country's national budget, pressured the Zambian government to sell the mines which are losing $14m a month. But the sale has taken nine years in which time the condition of the mines deteriorated and copper prices halved.

There is some validity in critics who accused the state of selling off the family silver for nothing but the state-run...

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