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–Konkola Copper Mines, the subsidiary of
London-listed Vedanta Resources Plc, has appointed Tom Albanese as its
new chairman.
Mr. Albanese takes over from Mr. Navin Agarwal.
He said he was humbled by the appointment and confidence shown in him
by Vedanta & KCM Board of Directors.
Mr. Albanese pledged his commitment to helping KCM fulfil its vision
of becoming a significant global copper producer and continue to play
a huge role in developing the Zambian economy.
ZANIS reports that Mr. Albanese said this in his maiden speech
released by KCM Public Relations & Communications Manager, Shapi
Shachinda.
"I am humbled with the confidence shown in me by the Vedanta & KCM
board of directors. It is my commitment to help KCM fulfil its vision
to become a significant global copper producer and continue to play a
major role in developing the Zambian economy that will enable the
citizens of this country to continue to benefit from their natural
resources," he said.
Since Vedanta’s takeover of KCM in 2004, nearly US$3 billion has been
invested in the construction of a new state-of-the-art smelter and
three new concentrators.
It has also been used to expand and upgrade the Nkana Refinery and
Nchanga tailings leach plant and develop the country’s deepest mine
shaft at the Konkola deep mining project (KDMP) in Chililabombwe.
