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Daily Nation > Blog > Local News > NO POWER CUTS TO KCM, SAYS LIQUIDATOR
Local News

NO POWER CUTS TO KCM, SAYS LIQUIDATOR

Daily Nation
Last updated: November 26, 2021 8:40 pm
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By AARON CHIYANZO

THE planned power restrictions to Konkola Copper Mine (KCM) by Zesco have been averted as the talks with the power utility company have been fruitful, KCM liquidator Milingo Lungu has said.

Mr Lungu said KCM had been asked to submit a plan indicating how it would dismantle the over US$170 million debt to Zesco.

Zesco recently announced that it would start restricting power to KCM because of the increased debt but KCM immediately engaged the power utility firm over the natter.

Mr Lungu said in an interview that the giant mining company was working on a viable payment plan which it would soon submit to Zesco.

He expressed confidence that a positive outcome would be reached as the engagements so far were fruitful.

“The talks with Zesco so far are fruitful and they have asked us to submit a plan on how we are going to liquidate the debt.

After that we will wait to see if they will accept our payment plan,” Mr Lungu said.

And Mr Lungu said currently, operations at KCM were smooth with the good copper price on the global market.

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“We still have challenges but so far so good with the good copper price we are enjoying, he said.

CONTINUATION FOR KANGOMBE STORY (REFER TO PAGE 1)

“As we stand today the party is very stable, there is no crisis in the PF.

Let’s not mistake what is happening to crisis. The party is looking for a party President and its normal that people become ambitious,” he said.

Speaking on Millenium Radio yesterday, Mr Kang’ombe , was confident that soon things will be addressed in the party.

He said the party has energetic individuals who will be able to take the institution to higher level.

Mr Kang’ombe said once the leadership is put in place, the party will perform positively in the 2026 elections. Meanwhile, Zambian DNA spokesperson Spuki Mulemwa said PF as the biggest opposition political party in the country was expected to remain united and focused for them to be formidable in providing credible checks and balances to Government.

He said PF should remain alive, vibrant and united as was the case after the demise of the founding party leader Michael Sata, when the rank and file of the party settled for President Edgar Lungu who moved the party to the next level.

“In view of the foregoing, we expect the same to be replicated by allowing the rank and file of the party to choose a leader of their choice to further steer the Boat to the desired destination.

“We expect the PF as the biggest opposition political party in the country to remain united and focused for them to be formidable in providing credible checks  and balances to Government,” he said.

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