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Vedanta eager to revamp KCM asset, says NUMAW


NATIONAL Union for Miners and Allied Workers (NUMAW) president Saul Simujika says Vedanta Resources is eager to bring Konkola Copper Mines KCM to its feet.

Mr Simujika said the decision to inject the US$25 million was a clear sign that the investor wanted to ensure that the mine fully resume the operations.

In an interview, Mr Simujika said “Vedanta has indicated that they are positively wanting to take over the asset so that KCM gets back to normalcy.

“The bringing in of US$25 million might not go a long way but it’s enough to hold the asset together, look at the salary payment for workers and clearing debt for contractors.

What we have noted is that most contractors haven’t paid their workers, with that engagement what it means is that when they are paid  even the communities are going  to benefit because they have workers who live in Chingola and Chililabombwe,” Mr Simujika said.

And Mr Simujika called on the provisional liquidator to set the date as soon as possible so that KCM and its creditors can meet.

He said it was important that within this month all the court issues were addressed so that come month end Vedanta takes over the mine.

Meanwhile, the Advocates for National Development and Democracy (ANDD) Executive Director Samuel Banda, said he was thrilled with the commencement of funding of KCM by Vedanta-Konkola Copper Mines.CLICK HERE TO READ MORE


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