Zambia Cons Copper - Agreement Reached

RNS No 7809p
ZAMBIA CONSOLIDATED COPPER MINES LIMITED
15th August 1997


               ZAMBIA CONSOLIDATED COPPER MINES LIMITED

          JOINT STATEMENT BY MINING JOINT INDUSTRIAL COUNCIL

KITWE - The Association of Copper Mining Employers and the Mineworkers'
Union of Zambia have concluded a new Collective and Redundancy Agreement.  
These Agreements were reached after protracted negotiations that began on 24
February 1997 and ended on 14 August 1997.   The negotiations were
protracted because of the difficult nature of the issues involved and the
need to resolve them to the mutual satisfaction of both Management and the
Union.

The negotiations were conducted in very difficult circumstances due to the
difficult financial position of ZCCM, its impending privatisation and the
expectations and anxieties of employees regarding their future.

However, despite the Company's financial problems, unioned employees will
receive a modest salary increase backdated to 1 April 1997.

Other benefits that were awarded to unioned employees are: the right to
purchase a house from the Company and provision for their service with ZCCM
and its predecessors where applicable to be held in trust once the Company
is privatised.   The latter would ensure that an employee, on leaving
service, would be compensated for his/her services rendered to ZCCM and its
predecessors where applicable.

Meanwhile, the Management and the Union leadership would like to compliment
all employees for their patience and understanding during the negotiations. 
Both parties call upon all employees to continue rendering their valuable
services and maintaining industrial peace.

Contact:  Keith Irons, Bankside Consultants       0171 220 7477


END

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