KCM will not close

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Konkola Copper Mine-KCM- says it is seeking measures to sustain operations in the wake of a slump in copper prices and production.

KCM Chief Executive Officer Steven Din says the mining giant will not close its mining operations in Zambia.

Mr Din says KCM is already in consultation with various stakeholders to find an acceptable solution that will preserve jobs in the mines.

He says mining giant has remained operational despite the challenges being faced such as power supply and the re-introduction of corporate tax.

And Mr Din has disclosed that government has paid his firm six months tax refund arrears.

He was speaking during a media breakfast in Lusaka on Monday.

And former Economics Association Zambia president Isaac Ngoma said the mining sector needs support to enable it sustain operations.

zambiadailymail

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