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Matero Reforms of 1969: Difference between revisions
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The Matero reforms resulted in the formation of a holding company for the mines’ shares to be called [[MINDECO]]. An umbrella company for MINDECO and INDECO was formed and was called [[Zambia Industrial and Mining Corporation]] ([[ZIMCO]]). | The Matero reforms resulted in the formation of a holding company for the mines’ shares to be called [[MINDECO]]. An umbrella company for MINDECO and INDECO was formed and was called [[Zambia Industrial and Mining Corporation]] ([[ZIMCO]]). | ||
Roan Selection Trust became Roan Consolidated Copper Mines (RCM), comprising [[Mufurila]], [[Luanshya]], [[Chibuluma]], [[Chambishi]], [[Kalengwa]], and [[Ndola Copper Refinery]]. The Zambian arm of Anglo American Corporation became [[Nchanga Consolidated Copper Mines]] ([[NCCM]]) and was in charge of [[Rhokana]], [[Nchanga]], and [[Konkola|Konkola | Roan Selection Trust became Roan Consolidated Copper Mines (RCM), comprising [[Mufurila]], [[Luanshya]], [[Chibuluma]], [[Chambishi]], [[Kalengwa]], and [[Ndola Copper Refinery]]. The Zambian arm of Anglo American Corporation became [[Nchanga Consolidated Copper Mines]] ([[NCCM]]) and was in charge of [[Rhokana Mine|Rhokana]], [[Nchanga Mine|Nchanga]], and [[Konkola Mine|Konkola]] mines. | ||
The Matero reforms were implemented in January 1970 | The Matero reforms were implemented in January 1970 | ||
and the government was to pay for those shares over a | and the government was to pay for those shares over a | ||
