Nine-member KCM board reinstated
Published On July 31, 2024 » 542 Views» By Times Reporter » Latest News
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By CHUSA SICHONE and KENNEDY MUPESENI –
VEDANTA Resources Holdings Limited has reinstated the nine-member Konkola Copper Mines (KCM) board of directors, marking a necessary first step to ramping up production and unlocking the company’s full potential.
Vedanta plans to invest an additional US$1 billion to further develop KCM and ramp up existing copper production levels to 300ktpa and cobalt production from 1ktpa to 6ktpa by improving production capabilities.
According to Vedanta, KCM was fully aligned with the Government’s vision of producing 3.0 million tonnes of copper within the next 10 years and the company was aspiring to produce 500,000 tonnes of the New Dawn Administration’s target.
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