by Omphile Ndlovu on 21 Sep 2019by Diggers Correspondent on 21 Sep 2019by Julia Malunga on 20 Sep 2019by Ulande Nkomesha on 20 Sep 2019
by Stuart Lisulo on 19 Sep 2019by Sipilisiwe Ncube on 19 Sep 2019by Julia Malunga on 17 Sep 2019by Stuart Lisulo on 17 Sep 2019
by Zondiwe Mbewe on 20 Sep 2019by Zondiwe Mbewe on 20 Sep 2019by Zondiwe Mbewe on 19 Sep 2019by Zondiwe Mbewe on 19 Sep 2019
- Goal Diggers
by Mazuba Muleya on 18 Sep 2019by Abraham Kalito on 17 Sep 2019by Abraham Kalito on 13 Sep 2019by Abraham Kalito on 13 Sep 2019
by Diggers Editor on 22 Sep 2019by Diggers Editor on 20 Sep 2019by Diggers Editor on 19 Sep 2019by Diggers Editor on 18 Sep 2019
- Guest Diggers
by Chisoni Mumba, PhD on 22 Sep 2019by Simon Manda, PhD on 16 Sep 2019by Simon Manda, PhD on 7 Sep 2019by pilAto/ Fumba Chama on 7 Sep 2019
- Editor's Choice
by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
by Julia Malunga on 22 Sep 2019by Diggers Correspondent on 11 Aug 2019by Mukosha Funga on 27 Jul 2019by Mukosha Funga on 21 Jul 2019
KCM has so far produced 860mt copper against a target of 12,500 in JuneBy Stuart Lisulo on 14 Jun 2019
Konkola Copper Mines (KCM) Plc has so far only produced 860 metric tonnes of copper against a target of 12,500 in June.
And management of Konkola Copper Mines in liquidation has announced the appointment of Moses Chilambe as its Director at the Konkola Business Unit (KBU), on secondment from the ZCCM-IH.
According to data obtained by News Diggers!, KCM had only so far produced 860 metric tonnes of copper in the one month up to June 11, 2019, against a target of 12,500 metric tonnes.
“These are our production figures so far this month. Our target is 12,500 tonnes of copper per month. As of 11th June, we only had 860 tonnes,” KCM data revealed.
In a breakdown of some of KCM’s units, KBU produced 860 tonnes, while Nchanga Business Unit (NBU) and the Tailings Leach Plant in Chingola failed to churn out any tonnage of copper.
This is against a month-to-date budgeted target of 1,650 for KBU; 1,283 for NBU and 1,650 for the Tailings Leach Plant.
This follows unprecedented action taken by government last month, who swiftly took repossession of KCM following the Lusaka High Court’s decision to appoint a provisional liquidator into possibly winding up the company, throwing the company’s future into serious disarray.
And KCM management announced the appointment of Moses Chilambe as its Director at the KBU, on secondment from the ZCCM-IH.
“I am pleased to announce the appointment of Moses Chilambe as Director – KBU, on secondment from ZCCM-IH. In this role, Moses will oversee Konkola operations and provide leadership to the Konkola team. He will be supported by Konkola Business Exco and will report to the Chief Executive Officer,” read a memo signed by KCM’s CEO Christopher Sheppard.
According to the Zambia Chamber of Mines, current forecasts are that copper production, both concentrate and finished copper, will now be drastically lower than last year, and could be as much as 100,000 tonnes lower.
In a statement issued last month, the Chamber complained that the 2019 mining fiscal regime was distorting behaviour in that it was forcing miners to do the unthinkable – to cut production – because many mining entities cannot afford to continue producing as before.
Lumwana Mining Company equally pointed out in April, this year, that the 2019 mining fiscal regime, which introduced changes to the mineral royalty rate, was now a matter of life and death for the mining firm.
About Stuart Lisulo
Stuart Lisulo is an experienced journalist with a focus on business news.
Email: stuart [at] diggers [dot] news
- 20,000 mining jobs at risk due to sales tax, Chamber warns - 19 Sep 2019
- Bailiffs seize furniture, laptops from Atlas Mara - 19 Sep 2019
- Zesco tariffs to go up by 75%, we also need to revise fuel prices – Minister - 18 Sep 2019
- Insolvent Vodafone Zambia announces sale - 17 Sep 2019
- ZCCM-IH’s records 45% drop in profits - 13 Sep 2019
- Thanks to Goswami, Lungu’s chickens are coming home to roost (3,413 views)
- PF need a miracle to pass Bill 10 – Nkombo (1,399 view)
- More North Korean Diplomats Caught Smuggling Animal Parts From Africa (974 views)
- Lungu’s continued association with Findlay damaging the Presidency - KBF (943 views)
- It’s against separation of powers for Parley to supervise executive - PF (890 views)
- The Type of Permanent Secretary we Need in the Ministry of Fisheries and Livestock
- Zambians have now turned to charcoal, forests are depleting
- Evicted from govt house with no benefits after 40yrs of service
- More North Korean Diplomats Caught Smuggling Animal Parts From Africa
- Solwezi man wins K67,147 from K5 bet
- Thanks to Goswami, Lungu’s chickens are coming home to roost
- HH shouldn’t be moving around like a cockroach in the kitchen - Bowman
- Zesco tariffs to go up by 75%, we also need to revise fuel prices - Minister
- Germany ambassador offers to help FAZ find a coach
- Airtel agent in court for defiling wife’s sisters
Subscribe For News In Email
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend