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...wnership of the mines, managed under [[Mining Development Corporation]] ([[MINDECO]]). Thus began the era of mining nationalization, which was completely effe ...ny for the mines’ shares to be called [[MINDECO]]. An umbrella company for MINDECO and INDECO was formed and was called [[Zambia Industrial and Mining Corpora

...ation]] (FINDECO). The banks successfully resisted takeover. [[INDECO]], [[MINDECO]], and [[FINDECO]] were brought together in 1971 under an omnibus parastata

...Chartered and Grindlays) successfully resisted takeover. In 1971, INDECO, MINDECO, and FINDECO were brought together under an omnibus parastatal, the Zambia

...Chartered and Grindlays) successfully resisted takeover. In 1971, INDECO, MINDECO, and FINDECO were brought together under an omnibus parastatal, the Zambia

...ing to the formation of the parastatal [[Mining Development Corporation]] (MINDECO). This was despite Kaunda's disavowal to do so on 19th April 1968 at the fi

...te-owned enterprise|parastatal]] body, the Mining Development Corporation (MINDECO), while a Finance and Development Corporation (FINDECO) allowed the Zambian