Zambia
Lusaka bets on gold to pay off its massive external debt

After having long devoted its energies exclusively to copper mining, Zambia is now pressing ahead with the development of gold mining with a view to benefiting from the recent increase in prices and generate fresh revenues for the state. [...]
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Inner circles | Zambia
Chris Rugari, ZCCM-IH's partner in Mumbwa gold venture, has friends in high places

The decision of state-owned Zambian mining company ZCCM-IH to go into alliance with little-known Array Metals on the Mumbwa gold project might seem initially surprising but Array's vice president, Ugandan businessman Chris Rugari, has access to the corridors of power in Zambia and in his native Uganda.

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