{"id":58456,"date":"2024-02-22T02:13:29","date_gmt":"2024-02-22T02:13:29","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares"},"modified":"2024-02-22T02:34:30","modified_gmt":"2024-02-22T02:34:30","slug":"professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares","title":{"rendered":"Professor Clive Chirwa Presents Opposition to Sale of Mopani Shares"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Professor Clive Chirwa, renowned engineer and academic, has submitted a detailed opposition to the proposed sale of Mopani Copper Mines PLC shares during the upcoming ZCCM-IH Extraordinary General Meeting scheduled for 23rd February 2024 at 10:00hrs.<\/p>\n

In his submission, Professor Chirwa vehemently opposes the proposal put forth by International Resources Holding RSC Limited to purchase 51% shares of Mopani for US$1.1 billion. Instead, he advocates for the retention of Mopani under 100% ownership by ZCCM-IH Plc, proposing a comprehensive plan for the revival of the mining company.<\/p>\n

Highlighting his extensive experience as an engineer and his recent visit to Mopani\u2019s Mufulira division, Professor Chirwa expressed dismay at the deteriorating state of the company and emphasized the need for national interest-driven regeneration efforts.<\/p>\n

Contrary to claims that financial constraints are hindering Mopani\u2019s revival, Professor Chirwa argued that the company possesses adequate funds within its current monetary framework to address its challenges. He presented calculations illustrating the potential revenue generation through increased production and value addition, emphasizing the profitability of retaining Mopani as a Zambian-owned entity.<\/p>\n

Professor Chirwa\u2019s proposal focuses on leveraging Mopani\u2019s production capabilities to capture a significant share of the African market for copper wire, which presents a lucrative opportunity for revenue generation. He emphasized the importance of adopting a business model centered around mining, value addition, and sales to maximize profits and national benefits.<\/p>\n

Concluding his submission, Professor Chirwa adamantly declared his opposition to the sale of Mopani shares, citing the company\u2019s considerable wealth and potential for growth. He urged Mopani to prioritize collaboration with Zambian stakeholders to achieve production targets and enhance value addition, emphasizing the message: \u201cMopani Not For Sale!\u201d<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Professor Clive Chirwa, renowned engineer and academic, has submitted a detailed opposition to the proposed sale of Mopani Copper Mines PLC shares during the upcoming ZCCM-IH Extraordinary General Meeting scheduled for 23rd February 2024 at 10:00hrs. In his submission, Professor Chirwa vehemently opposes the proposal put forth by International Resources Holding RSC […]<\/p>\n","protected":false},"author":84,"featured_media":58454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,25,6],"tags":[234,235,233],"class_list":["post-58456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-featured","category-files","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nProfessor Clive Chirwa Presents Opposition to Sale of Mopani Shares - Zambia<\/title>\n<meta name=\"description\" content=\"Professor Clive Chirwa, renowned engineer and academic, has submitted a detailed opposition to the proposed sale of Mopa ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Professor Clive Chirwa Presents Opposition to Sale of Mopani Shares\" \/>\n<meta property=\"og:description\" content=\"Professor Clive Chirwa, renowned engineer and academic, has submitted a detailed opposition to the proposed sale of Mopa ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-22T02:13:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T02:34:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708556470.390155.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Professor Clive Chirwa Presents Opposition to Sale of Mopani Shares\",\"datePublished\":\"2024-02-22T02:13:29+00:00\",\"dateModified\":\"2024-02-22T02:34:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708556470.390155.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"Featured\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/professor-clive-chirwa-presents-opposition-to-sale-of-mopani-shares\",\"name\":\"Professor Clive Chirwa Presents Opposition to Sale of Mopani Shares - 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