President Edgar Lungu makes final decision on KCM

By JOHN SAKALA
President Edgar Lungu has made a final decision on Vedanta Mineral Resources the investors of Konkola Copper Mines (KCM) after meeting all stakeholders.

President Lungu met the Chamber of Mines, Mine owners, mine unions, Chambers of Commerce on the Copperbelt this evening in Ndola at Levy Mwanawasa Stadium conference facilty where he said Government will invoke disengagement procedure with Vedanta Mineral Resources for breaking investment agreement.

He said Vedanta had been promising of injecting money in the mine but has not honoured the promise.

President Lungu upon arrival at the Simon Mwansa Kapwepwe said he would do what the people of the Copperbelt want because because government has had enough from the mine.

Chililabombwe had already protested against the investors of KCM and Chingola was only stopped police to stage anti-KCM protests.

The Independent Observer

John Sakala is a Journalist yearning for independent journalism

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: