KCM OWES SUPPLIERS $80M

Konkola Copper Mine -KCM- owes suppliers of goods and services 80 million United States dollars as of September 2018.
Minister of Mines Richard Musukwa says the mining giant owes both the international and local suppliers’ monies because it is not doing well.
Speaking in Parliament on Thursday, Mr. Musukwa however said failure by KCM to pay its debt to the suppliers is a bad business practice which should not be entertained.
He has since urged the mining company not to wait for government’s intervention before it pays its debt to suppliers of goods and services.
Mr. Musukwa said if the company does not do the right thing, government will be left with no option but to take drastic measures to protect Zambians.
He further said the company has made a commitment to pay  suppliers over a period of three months starting from October this year.

Add a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.