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KCM pays debts


COPPER production has significantly improved at Konkola Copper Mine (KCM) and has helped the company clear debts owed to suppliers and contractors, liquidator Milingo Lungu has said.
Mr Lungu said the mining company was now generating more revenue.

The liquidator said when the Covid-19 pandemic broke out in the country, KCM suffered major challenges in terms of production.

Mr Lungu said in an exclusive interview yesterday that the copper production reduced drastically which posed negative effects to the mining firm but things have gone back to normal.

He said the mining firm can now boast of generating significant revenue due to improved production.

“We went through bad challenges when Covid-19 hit the country. Copper production went down because of some restrictions of movement in some countries.

But for now I can simply say that things have improved, we are really doing well as a mine. Production has really improved and things are now well.

“We expect that things will continue going well and we shall ensure that copper production increases further so that our earning improves,” he said.

Mr Lungu said the mining firm had managed to clear all the debts owed to suppliers and contractors.

He said currently, no supplier or contractor was being owed by the mining firm.


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