Jack Kalala’s thinking, “In terms of cash consideration, in addition to the US $25 million paid by Vedanta in 2005, Anglo-American Corporation had paid US $20 million to the Zambian Government as compensation in 2002 for abandoning the mines while the World Bank also paid US $20 million in 2005. Therefore, the total amount realized from the resale of KCM was US $65 million unlike the 1998 sale of US $25 million”
Yaba! Awe, uku kupendenkanya insamushi! This is not how you arrive at the sale price. KCM was sold in 2004 at $25million to Vendata Period. You can’t add $20million exit amount by Anglo paid in 2002 as part of the sale! WB’s amount of $20 million paid to GRZ can’t be lumped together with Vendata purchase and claim “The amount realised from the resale of KCM was US$65 million unlike the 1998 sale of US $25 million”! The more reason we cannot add the $25million earlier paid in 1998! Uku kutobela kumo na Example in Additional Mathematics. Abacus yakana! It can’t. Lol
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