Mopani Copper Mines’ recent move to settle outstanding payments with suppliers and contractors has ignited optimism among Copperbelt Province residents, particularly those in Chililabombwe and Chingola, as they eagerly await Vedanta Resources’ impending takeover of Konkola Copper Mines (KCM).
Mr. Chishala Mwamba, the Movement Coordinator of the Vedanta Must Return Community Campaign, expressed happiness over Mopani’s efforts to resume operations and settle financial obligations.
Mr. Mwamba highlighted the longstanding call from Copperbelt residents for the resolution of issues surrounding both KCM and Mopani.
“We have been waiting for this moment for a long time. The recent development at Mopani gives us hope, and we are confident in President Hakainde Hichilema and Honourable Paul Kabuswe’s ability to bring meaningful development to the mining sector,” stated Mr. Mwamba.
The Consortium anticipates positive outcomes for KCM, expressing eagerness for Vedanta Resources to take over and provide much-needed recapitalization.
Mr. Mwamba emphasized that the removal of the Provisional Liquidator for KCM would pave the way for significant investments, including a K520 million kwacha CSR investment and over $1 billion in funding.
“As community members, we look forward to witnessing substantial employment opportunities, 20% salary increments, and payments totaling $250 million to suppliers and contractors,” Mr. Mwamba remarked.
He noted that these developments signify the change the community has long desired and the positive impact of the current administration.
Acknowledging the government’s role in facilitating Mopani’s revival, Mr. Mwamba urged expedited actions in the KCM process.
The Consortium is hopeful that swift government intervention through the Ministry of Mines will ensure that the communities of Chililabombwe, Chingola, and Nampundwe do not miss out on the anticipated economic upswing.