Mines Minister Under Pressure to Deliver on Vedanta-KCM Handover by End of June
The Minister of Mines and Minerals Development, Honorable Paul Kabuswe, faces mounting calls to fulfil the government’s promise of handing over Konkola Copper Mines (KCM) to Vedanta Resources by June 30, 2024.
Advocates for National Development and Democracy (ANDD) have welcomed Minister Kabuswe’s assurance that the legal framework for the KCM-Vedanta transition will be finalized by the end of this month.
Executive Director Samuel Banda stressed the critical need for KCM to swiftly resume operations to stimulate job creation and business opportunities.
“We urge the minister to honour his commitment as pledged last year to restore KCM to full operational capacity by early 2024. With the transition process still pending, stakeholders eagerly anticipate the government’s decisive action,” Mr. Banda emphasised.
Highlighting the economic benefits of a revitalized mining sector, Banda underscored the importance of prompt action to bolster Zambia’s GDP and foster economic growth.
