ZCCM-IH CEO Pius Kasolo fired

Zambia Consolidated Copper Mines Investment Holdings -ZCCM IH Chief Executive Officer Pius Kasolo has been fired.
Minister of Mines Richard Musukwa has told the media Friday morning at State House that the ZCCM IH Board has decided to terminate the contract of Dr. Kasolo.
Dr. Kasolo had early this week told the media that the 2019 planned mining taxes would impact negatively on ZCCM-IH which holds shares on behalf of government in the mining companies.
He had stressed that the new taxes would affect investments and production of the mines and called for urgent need to resolve issues as this could have an impact on dividends paid to the holding company.
But Musukwa argued shortly after announcing Kasolo’s dismissal and pointed out that ZCCM-IH will not be affected by the new tax regime and further boasted that some companies are planning to pump more money in new mining projects.


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