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Zambia – When You Get to the Bottom of the Hole, Stop Digging

[Daily Maverick] Last week, the Zambian government applied to place Konkola Copper Mines, the country's largest private employer, into provisional liquidation. Is this a sign that an increasingly desperate government, starved of resources to pay the salaries of a burgeoning civil service and of cash to meet the international debt it has rung up in record time, is thinking of nationalising the mines? After all, Zambia has been here before -- and with devastating consequences the last time around.

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