Government ponders KCM, Mopani take over

Government ponders KCM, Mopani take over

 

President Edgar Lungu says Government’s final decision is to take over Konkola Copper Mine following its alleged failure to develop its mines.
Mr Lungu says KCM has been giving several empty promises over the development of the mine.

He says government lawyers will be led by the Attorney General to pursue legal options to ensure that the full due process of the law is followed in divorcing with KCM and finding new investors to take over the mine.

President Lungu also warned that Mopani Copper Mines will be next in line if it does not change the way it treats its workers and the way it conducts business.

Meanwhile, the Association of Mine Suppliers and Contractors has appreciated the move by government saying it will lessen their burden.

Association President Augustine Mubanga revealed that KCM owes suppliers and contractors 216 million United States dollars which it is failing to pay.

And Zambia Chamber of Mines President Goodwell Mateyo asked President Lungu to look at a number of options the chamber has asked for from government to adjust a request that was declined by the President who stated there is no need for his government to negotiate with KCM because over the years its parent company Vedanta Resources has been lying to him of investing billions of dollars in the mine which has not been done

Diamond TV

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