KCM FINANCIALS A MESS -KABUSWE

By Tamara Muswala

Mines Minister PAUL KABUSWE has described as a mess the current financial and operational challenges at Konkola Copper Mines -KCM- on the Copperbelt.

Mr. KABUSWE says the politicization of KCM by the PF government went overboard.

The mines minister says KCM almost became a political party after liquidation.

He said this in Chingola today on his first visit to the mine as Minister.

Mr. KABUSWE said the new dawn administration under the UPND wants to bring sanity and professionalism to the mining sector especially KCM.

He said the focus from the UPND is for every Zambian to have a feel of the benefits of the country’s Mineral wealth.

The minister further urged management at KCM to clean up the commercial department which he said is compromised.

He said his visit to KCM is to understand how ugly the situation is at the mining giant.

Mr. KABUSWE said the future of KCM is still bright because just Konkola Deep mine in Chililabombwe sits on about 98 million tons of copper ore which can last for another 60 years.

And KCM Chief Executive Officer CHRISTOPHER SHEPPARD said management at the mine will give full support to government.

Mr. SHEPPARD said management at the mine has a dream that one day a new investor will recapitalize the mine and bring it to full life.

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