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Zambia to Revoke Non-Performing Companies’ Mine Permits, TV Says

Aug. 8 (Bloomberg) -- Zambia, which wants to create jobs, will repeal mining licenses from non-performing companies, Zambia National Broadcasting Corp. said, citing Deputy Mines Minister Richard Musukwa.

The government has already issued notices to some mining-license holders that have failed to create employment, the state-owned broadcaster said. Only so-called sound companies would receive licenses, he said, without providing more information.

To contact the reporter on this story: Matthew Hill in Johannesburg at mhill58@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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