Zambia Railways Seeks $350 Million From Bond to Boost Copper
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Zambia Railways Ltd. will seek at least $350 million from the government to boost copper shipped by train 20-fold in the southern African nation, host to mines run by Glencore Plc and Vale SA.
The rail company will ask the government for more than a third of the $1 billion Zambia raised in a Eurobond sale in April when it meets with officials in the first week of June, Chief Executive Officer Muyenga Atanga said in an interview in Johannesburg.