We will promote dialogue for the benefit of all stakeholders – KCM

Business

By JOHN SAKALA
Konkola Copper Mines (KCM) says it will continue to promote and sustain dialogue for the benefit of all its stakeholders including communities.

KCM acting Chief Executive Officer Venkatesan Giridhar said this at the just ended Mining Indaba in South Africa when the Zambian government delegation comprising Finance Minister Margaret Mwanakatwe, Mines Minister Richard Musukwa and other heads of government visited the Vedanta Resources – KCM stand.

Mr Giridhar said the move is also in line with Vedanta Resources’ (the parent company of KCM) principle to prioritise stakeholder engagement across all its businesses worldwide.

Recently, the finance minister commended KCM for choosing the path of dialogue to resolve issues surrounding the new mine tax regime and called on all mining companies to focus on dialogue and carry all stakeholders along.

And Mr Giridhar has reiterated Vedanta’s renewed focus in Zambia saying that KCM will soon present a business plan to turn around the Konkola Deep Mine in Chililabombwe.

“A few weeks ago, we presented to government a plan to promote local stakeholder dialogue with employees, communities, suppliers and contractors and we will in the next few weeks, present a business plan to turnaround the Konkola deep mine in Chililabombwe and enhance asset utilisation at the Nampundwe and Nchanga mines,” he added.

Meanwhile, Ms Mwanakatwe commended KCM for promoting small and medium scale businesses in the country.

KCM provides business opportunities to over 500 Zambian Small and Medium Entrepreneurs (SMEs) that participate in business transactions of over $8 million per month

This is according to a media statement made available by KCM Corporate Affairs General Manager Eugene Chungu

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