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Alba Iulia
Sunday, June 6, 2021

Stop publishing lies about KCM, Bloomberg told

Economy Stop publishing lies about KCM, Bloomberg told

Konkola Copper Mines (KCM) has told Bloomberg to stop publishing lies about the mine.

Bloomberg had published an article saying KCM has stopped producing.

KCM is now demanding for a retraction of the misleading Bloomberg article.

General Manager-Corporate Affairs Shapi Shachinda said the favorable copper prices have made it economical to open up new areas where no copper mine would want to fold arms.

Mr Shachinda said KCM has learnt with a sense of shock that Bloomberg has published a misleading article concerning the operations of KCM and its two subsidiaries in which it suggested that KCM operations at the Konkola Deep mine have been shut down.

“Ever since the mine was placed under liquidation in May 2019, it has not been closed or put on care and maintenance and the Bloomberg article is false and misleading. Konkola mine is currently operating and there are no plans to put it on care and maintenance now or in the future.

“Placing a mine under care and maintenance is a public and legally prescribed procedure. This procedure had not been invoked and we have no plans to invoke it. To the contrary and in addition to current operations KCM is about to commence mining in a new area of Konkola known as Konkola East,” he said.

18 COMMENTS

  1. EVERYBODY IS LYING ACCORDING TO GOVERNMENT
    NOW WHY WOULD BLOOMBERG POST FALSE INFORMATION
    THERE IS NO LOGIC IN TRYING TO UNDERSTANDING THIS GOVERNMENT

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  2. If the mine is still operating, then who is receiving the revenue since the mine is officially under a legal dispute? The dispute is supposed to be the subject of arbitration but the question is which court is supposed to certify the ruling of the arbitration? Is it the Zambian courts or the UK courts? This situation has more questions than answers.

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  3. Akainde’s stooges have taken over propaganda to another level. What are the contractors doing if there is production.

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  4. It’s not only Bloomberg but even other publications which have carried this story including some reputable mining journals. There is no smoke without fire.

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  5. Let Bloomberg continue with lies if we think
    We are in operation then no need to worry.
    There must be some truth in that which is
    Making us jittery.We have a tendency of denying everything at first.

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  6. We all remember those organisations that saw zambia defaulting on the debt with vehement denials by PF ……..

    The resident PF rats on LT were even accusing those predicting the default as working for HH and wanting to take over zambias minerals…….

    Then .,…..boom ……..default after default…..

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  7. It’s the desperate Under 5 who is behind this. He is trying everything in his book to sway the CB electorate to his side. Takatekepo.

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  8. We know these organisations are peddling lies to cause confusion. We know this because some of us have worked for them and understand their agenda. Learn from what’s going on in Mozambique. Don’t expect a different result from the same people who have caused misery to our continent for over 400 years. Now you know when i say IMF and Co. don’t mean well for our beloved Zambia. They will divide us come the election, what this space. Know your real enemy. We only have one Zambia and when the attacks are from outside, we need to come together as one or else we are finished.

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  9. I am very shocked that we have fellow countrymen who are so happy to hear our Country being insulted by foreigners. Some “Zambian” have ganged up with foreign media to discredit our Country.

    Vedanta was going to place KCM on care and maintenance but Government refused and chased the Indians. Here we are some disgruntled sons of cattle rustlers from Angola are bent on destroying my Country. It won’t happen.

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  10. Most of us think KCM is dead, when did they last pay any tax due to government? The company now has become the bedrock of cadre power, tribalism , corruption and nepotism . Produce your financial statements for us to see growth!

  11. These thieves are swift too cry to foul yet dont sue…look at the Mukula case involving Tasila, Jean Kapata etc where they sued a US Environmental organisation for defamation the casehas silently been dropped.

  12. This is all the work of the traitors in upnd..these dogs want us to fail because they have failed in their lives. Their demigod hh has failed over 6 times to rule so he now wants the country to fail by funding these lies.

    Everyone is asking where I am. I am busy preparing for elections. Am on the ground you people. This is my busiest time, when I work so hard to ensure PF victory for our people. Bare with me.

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  13. Imposter KZ from the UK. Look at the little UK flag next to the photo! Which is NOT depicting the real KZ. Troll extra ordinaire!

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