Konkola Copper Mines -KCM- says it has achieved robust performance over the last 5 months, with steady growth in mined copper output, enhanced industry standing, and competitiveness.
KCM Board Chairman Moses Banda says since restarting operations in august 2024, KCM has increased production to 8,000 metric tons, safeguarding 12,500 jobs.
Dr. Banda explains that when Vedanta Resources assumed management in august last year, the business was under care and maintenance, stating that it is gratifying to note that employees received their 20% salary increment, the once off bonus and have been receiving their monthly salaries on time without any hindrances.
He has disclosed that since commencing operations last year, all work streams at KCM are progressing as scheduled, in accordance with the shareholders’ agreement and the implementation agreement.
And Dr. Banda says KCM procurement investment of goods and services is over K2.2 billion in the last 5 months reinforcing its dedication to empowering Zambian businesses, stimulating economic growth, and supporting entrepreneurship, with 90% of procurement spending allocated to local suppliers and contractors.
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