Community Movement Urges Government to Invest Forfeited Funds into KCM for Job Protection

As Konkola Copper Mines (KCM) continues to face challenges, a community campaign group is pushing for forfeited funds to be reinvested to help the struggling towns of Chingola and Chililabombwe.

Since KCM went into liquidation in 2019, unemployment has surged, leading to increased poverty and crime in the area.

Chishala Mwamba, Coordinator of the campaign group, stressed the need for action, seeing the forfeited funds as a potential solution.

“With so many people losing their jobs, the forfeited funds could really make a difference,” Mwamba said. “Putting this money back into KCM could prevent further economic decline and provide stability.”

The group is urging the Finance Minister, Honourable Situmbeko Musokotwane, to use the $24 million for KCM’s needs. This, combined with Vedanta Resources’ promised investments, could help revive the mining sector.

“We need the government to act quickly,” Mwamba emphasized. “This money could be a game-changer for our communities.”

The group’s plea comes at a crucial time as Vedanta Resources prepares to fully take over KCM, highlighting the urgency of addressing the challenges facing Chingola and Chililabombwe.

With all eyes on the government’s response, the focus remains on protecting jobs and supporting the local economy during these tough times.