ZPA Picks Kenya’s Athi River Mining to Buy Ndola Lime

ZPA Picks Kenya’s Athi River Mining to Buy Ndola Lime
Published: 01 December 2004

The Zambia Privatisation Agency (ZPA) has chosen Athi River Mining of Kenya as the preferred bidder for Ndola Lime Company.  Other companies that tendered bids for Ndola Lime include the Chillerton Group, Capital Infrastructure of Mauritius, Tata Zambia Limited, Associated Cement Companies of India, the Nyimba Group and Agri Fuel Limited of Zambia.  The successful bidder would hold 30 per cent shares while 25 per cent would be in the hands of management and the remainder of the shares retained by the Zambia Consolidated Copper Mines- Investment Holdings soon to be floated on the Lusaka Stock Exchange.  The company which is currently 100 per cent owned by ZCCM-IH has limestone resources of approximately 2.6Mt and 16.4Mt in reserves to last the next 41 years.