Q FM Africa's Modern Radio
Golden Party of Zambia leader Jackson Silavwe has requested the new dawn administration to state it’s official position on the future of Konkola copper mines and Mopani respectively in national interest.
Mr. Silavwe says he is aware that officials from vedanta resources, a company that formerly owned the mining giant Konkola copper mines (KCM) have been in the country for some time and that government has already concluded a deal with Mr. Anil Agarwal the chairman of vedanta resources and just waiting to make the official announcement to retake KCM.
Mr. Silavwe however states that finds the ‘deal’ quite repugnant for several reasons one of them being that the company in question is the same that declared a no profit from the time it bought KCM until it was repossessed and also that the owner, Mr. Agarwal was boasting that KCM was giving him USD $500m to $1billion in profits per annum and yet vedanta resources consistently declared loses to the government.
The opposition leader has since stated that if President Hakainde Hichilema and his administration feel that the mines cannot be run by local people then they should shut them down and leave them for the next generation to exploit the resources.