President Michael Sata has threatened to revoke Konkola Copper Mines mining licence if the mining giant proceeds with its plans to lay off 1,500 workers.
If the licence is revoked, more miners will lose jobs.
President Sata said his government will not allow KCM to fire even one miner.He said he will revoke the licence for KCM if the mining firm dares government with its plans.
President Sata was speaking at State House Monday morning when he opened a cabinet meeting.
According to his spokesperson George Chellah, Sata has also warned KCM Chief Executive Officer Kishore Kumar against what Sata described as ‘ exploiting Zambians’
Sata claimed that the PF government is aware that KCM wants to use blackmail following the revocation of SI 89.
“These mining companies want to be exporting Copper concentrates to avoid paying taxes. Mr Shamenda, please go and tell Mr Kumar that we will take away his licence if he lays off even one worker, then we will take away his licence from him, that’s the easy way of we laying him off,” President Sata said.
President Sata also directed Finance Minister Alexander Chikwanda to increase revenue collection from mining sector.