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Matero Reforms of 1969: Difference between revisions
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In 1969, the Matero reforms were announced,which gave the government 51% ownership of the mines, managed under [[Mining Development Corporation]] | In 1969, the '''Matero reforms''' were announced, which gave the government 51% ownership of the mines, managed under [[Mining Development Corporation]] ([[MINDECO]]). Thus began the era of mining nationalization, which was completely effected by 1973.<ref>[http://www.scielo.org.za/pdf/jsaimm/v116n6/03.pdf Copper mining in Zambia - history and future by J. Sikamo, A. Mwanza, and C. Mweemba]</ref> | ||
([[MINDECO]]). Thus began the era of mining nationalization, which was completely effected by 1973. | |||
Nationalization of the Zambian mines began with the Matero | ==Background== | ||
declaration of 1969, when the government obtained a 51% | Nationalization of the Zambian mines began with the Matero declaration of 1969, when the government obtained a 51% | ||
shareholding in the then two existing mining companies. | shareholding in the then two existing mining companies. | ||
These were Roan Selection Trust and Anglo American | These were Roan Selection Trust and Anglo American | ||
