KCM TO INCREASE PRODUCTION IN 2019

870ae91b-974b-4c60-b4bc-4f690b596f80
THE MINISTRY OF WORKS AND SUPPLY IS CARDINAL TO DEVELOPMENT- KAFWAYA
November 8, 2018
FB_IMG_1541776646117
VANDENBROECK NAMES 20 MAN SQUAD FOR MAMBAS CLASH
November 9, 2018

KCM TO INCREASE PRODUCTION IN 2019

KCM-plant

 

By Christopher Chisi

 

Konkola Copper Mines (KCM) in its 2019 Business Development Plan intends to increase its copper production from the current 90, 000 metric tonnes in 2018 to 125,300 metric tonnes in 2019.

 

The mining giant also as at September 2018, was owing US$80 million to about 400 suppliers of goods and services.

 

Out of this number, about 91 are local suppliers who were owed about US$10.4 million of which by October; the company paid about US$3 million.

 

This was disclosed in parliament by Minister of Mines and Minerals Development Richard Musukwa who was responding to a question from Mufulira Member of Parliament Dr. Evans Chibanda who wanted to know how much KCM owes suppliers and contractors.

 

Mr. Musukwa says the current performance of KCM is worrisome but that the future is promising as seen from its Business Development Plan submitted to the government.

Leave a Reply

Your email address will not be published. Required fields are marked *