Konkola Copper Mines (KCM) has paid about 160 million United States dollars out of the 200 million United States dollars it owes its contractors and suppliers.
Association of Mine Contractors and Suppliers President Augustine Mubanga has disclosed that the mining giant has paid 70 percent of its debt and is expected to complete paying by February 15th.
Speaking in an interview with ZNBC News in Chingola shortly after a meeting with KCM management, Mr Mubanga said the payments have brought relief to his members who spent months waiting for their money.
He added that KCM management has assured him that it has sourced money and the remaining 30 percent will be paid as promised.
And one of the contractors Bernard Mwila has confirmed that he has been given remittance by KCM.
Mr Mwila, who owns Direct Material Suppliers Limited, says he supplied pumps last year to KCM and when the remittance was given, he was promised that the money will reflect today.
In December last year, hundreds of contractors and their employees blocked the entrance to the KCM General Offices in Chingola demanding to be paid.
It had to take Minister of Mines Christopher Yaluma to rush to the scene and negotiate both with the mining firm and the contractors.
At the time, KCM Chief Executive Officer Steven Din assured the contractors that all outstanding payments would be done by January 31st this year.