By ALICE NACHILEMBE
Konkola Copper Mines (KCM) has made significant strides in its operations since restarting in August 2024, according to a statement from KCM Board Chairman, Dr. Moses Banda.
The company has achieved robust performance, with steady growth in mined copper output, enhanced industry standing, and competitiveness. Notably, KCM has increased production to 8,000 metric tons, safeguarding 12,500 jobs.
KCM paid USD 250 million to creditors, and employees received a 20% salary increment. The company has also made timely payments of monthly salaries.
KCM has invested significantly in community development projects, including the Integrated Livelihood Project, Roll Back Malaria Programme, and Leather Cluster Revamp.
The company’s procurement investment in goods and services has exceeded K2.2 billion, with 90% allocated to local suppliers and contractors.
Global rating agencies have upgraded Vedanta’s position, solidifying its standing as a competitive global mining giant.
Dr. Banda expressed gratitude to employees, stakeholders, and the Government of the Republic of Zambia for their trust and partnership. He pledged KCM’s commitment to corporate social responsibility, business sustainability, and becoming a leading global mining company.
