Q FM Africa's Modern Radio
Konkola Copper Mines (KCM) says it has invested a total of US$ 2.9 billion as at 2014 representing the largest capital investment in Zambia.
KCM Chief Executive officer Steven Din says the investment has been in form of new assets, the revamping of existing infrastructure and increase in reserves and resources to extend the life of the mine.
Mr.Din says as at 2004, the life span of various KCM mines had three to eight years left.
He says through exploration investment, KCM has extended the life span of these mines by a further 10 plus years.
Mr Din explains that at Konkola Deep Mining Project (KDMP) in Chililabombwe, the company has injected up to US$ 1.5 billion in investment, adding that the infrastructure upgrade of the project is at the completion phase and that KCM is now focusing on mine development to support the ramp -up of production.
He states that other investments include three new concentrators, an upgraded refinery and tailings leach plant and significant upgrades across the mine to reduce its legacy environmental footprint.