Will AIG have to pay off Kaboko Mining's losses?
Manganese explorer Kaboko's former insurance holder, AIG, could very well be made to pay off the debts incurred by the miner's managers. [...]
The Zambian mining sector has been in a state of high tension since populist Michael Sata became the country's president at the end of September 2011. During his election campaign, Sata promised to redistribute mining revenues, the biggest contributor to the country's GDP, more fairly. [...]