Konkola Copper Mines Plc (KCM) has continued to ramp up production at all the Business Units including Nchanga Business Unit, Konkola Business Unit and Nampundwe Mine near Lusaka, while the Smelter at Nchanga is undergoing a planned shutdown. The Smelter is scheduled to restart operations by 19 November 2019.
According to a statement released to the media, the Konkola Underground Mine at Chililabombwe is targeting close to 2,000t of integrated copper in concentrates this month while Nchanga Underground and Nchanga Open Pit Mines have targeted 1,300t of copper in concentrates. The Tailings Leach Plant (TLP) at Nchanga has set a target of at least 3,000t of cathodes for the month of November.
Management, employees and contractors are doing a good job and my focus continues to be ensuring that we nurture the value of the KCM asset. This requires improving the Company’s production but also securing the funding to help sustain the KCM’s working capital which was completely eroded during the previous era.
Engagement and cooperation with all suppliers and contractors is ongoing and liabilities are being addressed. As the Company’s operations ramp up more of our suppliers will be paid within a given time-frame. All KCM suppliers and contractors are key to the company’s long-term operations and we are grateful to them for their understanding, patience and support.
The Statement concluded by saying that KCM remains committed to settling any debt owed to respective stakeholder groups and commits to engaging all stakeholders to ensure sustained operations of the Company for the benefit of employees, suppliers and contractors, communities, the Government, regulatory authorities and customers.
If Milingo Lungu a Lusaka lawyer with zero mining experience can run KCM better than those Indian crooks, what can stop our own Zambian experienced mining engineers from managing this asset? Let’s run KCM ourselves but please ba PF don’t dip your long fingers into proceeds from copper sales.
ZCCM was run by qualified Zambian engineers but went under. So whats your point again?
@Peter Njobvu, are we going to fold our arms and let crooked foreigners run our mines just because Kaunda’s UNIP messed up?
Zambia MUST kick Hout KCM and MOPANI. They are a liability to the nation. Dr. Haabazoka has brilliant ideas we must implement. Learn from Botswana.
Absolutely. This unit can be run by us Zambians effectively. We were running ZCCM which was far much bigger than kcm.what can stop us from running this unit.
When did underground mines start producing “concentrates?”
I was also confused and wondering…concentrates from underground operations. Has the grades gone up to over 45% copper?
Trough concentrators, grades are raised up to as high as 45%. OPEN PITS AND u/g FEED TO CONCENTRATOR PLANTS
Ati Liquidation yet operating as a Going Concern? Zambia is very interesting and the gullible taken advantage of. Mulebelengako bane, not just Bible!
Cheap propaganda nothing is happening.
Who is running these mines and were is the money going.
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