Message Mer 4 Juil 2012 14:45

Government hails China Non-Ferrous mining Hong Kong listing

TIME PUBLISHED - Wednesday, July 4, 2012, 1:34 pm

Alexander Chikwanda

Government has hailed the listing of China NON-FERROUS Mining Corporation Limited for its accomplishment of listing on the Hong Kong Stock Exchange, one of the world’s important and credible stock exchanges.

Finance and national planning minister Alexander Chikwanda in a statement released to QFM News today says the listing which represents the first African asset to be listed on the Hong Kong Exchange is a very inspiring way forward.

Mr Chikwanda says an initial $300 million intended to finance projects in Zambia is a legitimate cause for hope especially seen against the Backdrop of current huge challenges in the global economy.

He explains that for Zambia this is a demonstration of positive affirmation of confidence by the global community in the country as a credible investment destination.

Mr Chikwanda adds that this also puts to rest some of the negative Assertions about Zambia’s outlook, which in any case can only be ultimately determined by what Zambians themselves do and not prophets of doom in the international community.

The finance minister hopes that China NoN-Ferrous Mining Corporation Limited will be encouraged by the successful listing on the Hong Kong stock exchange and list on the Lusaka Stock Exchange.

Mr Chikwanda has also urged all other mining companies,banks and information technology companies to list on the Lusaka Stock Exchange not only to widen Zambian participation in the economy but also tap the hidden and latent capital.