KCM goes for restructuring
By Staff Writer
Konkola Copper Mines (KCM) is to be reorganised and restructured into two subsidiary companies effective February 1, 2021 in a bid to increase efficiency, foster optimization and boost business opportunities.
KCM Acting Chief Executive Officer Enock Mponda announced in this in a briefing to all KCM employees.
Mr Mponda said KCM will be split into two companies, namely KCM SmelterCo Limited, and Konkola Mineral Resources Limited.
KCM SmelterCo Limited has been in existence since 2002 and fully owned by KCM but has been dormant.
The companies will begin to operate under the names KCM SmelterCo Limited, and Konkola Mineral Resources Limited, respectively, with two separate Management structures and employee arrangements. See the full document below