KCM poised for success – ZCCM-IH
Published On August 5, 2024 » 596 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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. Mbatha

By JAMES KUNDA –
THE official takeover of the Konkola Copper Mines (KCM) by Vedanta Resources Limited is a significant step towards the country’s attainment of a three-million tonne annual copper production target.
ZCCM-Investment Holdings Plc (ZCCM-IH) corporate affairs manager Loisa Mbatha said in an interview at the ongoing Agriculture and Commercial Show in Lusaka yesterday that the mine’s liquidation in 2019 caused a slump in production levels due to the resultant effect in capital inflows.
“However, the resolution of all legal impediments, removal of the provisional liquidator and reinstatement of KCM board of directors represents a fresh start in terms of capital injection which will see the mine hit a production increase of over 100,000 tonnes of copper by 2028. This will further bring Zambia closer to attain the annual production of three million tonnes of copper per annum,” Ms Mbatha said.
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