Transparency International Zambia (TI-Z) has taken keen interest in the discourse pertaining to the royalty conversion agreement which was signed and approved by the ZCCM-IH majority of shareholders in March 2023.
Information disclosed by ZCCM-IH in 2022 intimated that upon the signing and entering into this agreement, the investment holdings would forgo dividend payments in preference for a revenue royalty model of 3.1% for the Kansanshi Copper mining project.
TI-Z has since called for, and backs calls for the full disclosure of the signed and approved royalty conversion agreement in the interest of transparency, adding that the Zambian people should be able to know and discern for themselves the benefits that will be accrued through the royalty agreement.
TI-Z Chapter President Sampa Kalungu says disclosure of the agreement will help dispel suspicions that emanated from the announcement of the agreement, and more recently, from discussions in the media, noting that the public has been duped in the past with poorly negotiated agreements and contracts which were touted as beneficial for the Zambian people.
