KCM cheers Chikwanda

Finance Minister Alexander Chikwanda says he is impressed with the remarkable works being done by Konkola Copper Mines in its mining operations.

Mr.Chikwanda says though government has been gloomy about the life span of Nchanga mine in the last few years, KCM has managed to extend the life span of the mine from ten to fifty
years.

He says government has been having regular contacts and
discussions with the mining industry which are bearing fruit.

QFM’s Nancy Chenga reports that the Finance Minister said this after having a brief meeting with KCM management in Chingola this morning on the operations of the mine.

Mr Chikwanda later visited the copper smelter at Nchanga mine.

And speaking earlier, KCM Chief Executive officer Steven Din says the mine is facing great challenges and is operating in a very difficult business environment.

Mr.Din however says KCM is pleased that the challenges are being addressed the in a spirit of mutual benefit.

He explains that the mining company strongly shares the government’s aspirations to enhance the development of the mining industry, the Zambian economy and importantly its anti-poverty agenda.

Mr.Din adds that KCM is also ready to examine all options available to ensure that the future of the mine is safeguarded.

He further states that KCM has spent over $150 million in the last ten years supporting the health and education sectors, sustainable livelihood programmes and environmental programmes which have created alternative income generating activities and reduced incidences of poverty in its areas of operation.