KONKOLA Copper Mines (KCM) has informed its employees that their June salaries will be delayed due to unexpected circumstances, which have negatively impacted on its cash flows. This was the same situation last month when the mining company told workers that their May salaries would be delayed due to circumstances beyond their control. KCM Human Capital Management Acting Vice-president Prudence Chisakuta later released a statement indicating that the challenges the mine was facing had been resolved and workers would be paid on time. However, in a notice seen by News Diggers dated June 25, 2024, the KCM management stated that the company was in the process of raising capital, and this process was vigorously supported by Vedanta Resources Limited. KCM...

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