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Glencore says can pull out of African countries changing mining contracts

Glasenberg, whose company is in the throes of a tie-up with miner Xstrata , warned Glencore would not hesitate to withdraw investments in places like Africa if governments change the terms of existing contracts in their favour.

“African states are going to have to be very careful because there are minerals all over Africa and if they start this nationalism or if they start taking a bigger profit, we will go elsewhere,” he said.

Time to worship Indians, Chines or Whites is over and indeed time of ascribing wamuyaya to any human being instead of God is over. I am sure if we go ahead and do it even in their hearts, the same Patel and Zukas will be laughing at us as being crazy because have you seen any black person with parents from say Africa who has ever been allowed to stand for president in India, China or anywhere in Europe? Even in the US, president Obama’s mother was indigenous white American. Come on let us be serious!
I repeat Zambians should not be brain washed by those who are enjoying honey moon like Sata, Post Newspaper and them.

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President Michael Sata has created Chembe as a new district in Luapula Province. President Sata has written to Luapula province Minister Rodgers Mwewa directing him to liase with all the stakeholders, political parties and traditional rulers in order for them to establish the centre where the district headquarters will be located.

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Malawi President Joyce Banda said on Friday she had asked the African Union to prevent Sudanese President Omar Hassan al-Bashir, who is wanted by the International Criminal Court on genocide charges – from attending a summit in her country. Bashir visited Malawi last year when President Bingu wa Mutharika was in power, which sparked international [...]

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A 46-year old traditional healer who claims to have powers of raising people from the dead has been arrested in Central province. Harard Chibanda who was arrested in Chisamba is also facing charges of obtaining money by false pretences. Chibanda obtained money amounting to K4.5 million  from a family of Chisamba who wanted to establish [...]

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NEWS from Nigeria says the controversial Prophet T.B. Joshua, founder and leader of Synagogue of All Nations church, has prophesied that English giants Chelsea will lift this year’s UEFA Champions league trophy if the team does not play the final match with its captain, John Terry. Chelsea, on the 19th of this month, will face Bayern [...]

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A JOINT PRESS STATEMENT BY PRESIDENTS OF OPPOSITION PARTIES ON THE SUSPENSION AND TRIAL BY TRIBUNAL OF JUDGES, 3RD MAY 2010 FELLOW  ZAMBIANS, THERE COMES A TIME IN A NATION’S HISTORY, WHEN ALL ITS PEOPLE, HAVE TO COME TOGETHER FOR A CAUSE THAT IS SO CRITICAL, AND SO DEAR TO THE WELL BEING OF A [...]

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