Kabwe mess is a warning about toxic nationalisation
The Zambian mine is but one clear case where state participation in mining is not a good idea
Events at Kabwe, a defunct mine in Zambia, hold an important lesson for SA and those calling for the nationalisation of the resources sector.
Anglo American SA, the local arm of the globally diversified miner, faces a class action lawsuit brought on behalf of communities around the mine afflicted by lead poisoning.
Anglo points out the mine was nationalised by the Zambian government in 1974 and run by the state for 20 years before it was shut...