Home Southern Africa Vedanta Resources confident of getting back KCM Mines in Zambia

Vedanta Resources confident of getting back KCM Mines in Zambia

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Vedanta Resources Limited is confident that it would be given another chance to run Konkola Copper Mines (KCM). According to Corporate Communications Director of Vedanta Resources Masuzyo Ndhlovu, the way the former Patriotic Front (PF) government handled the KCM matter was wrong because it did not fulfill the dispute resolution process

Vedanta Resources Limited is confident that it would be given another chance to run Konkola Copper Mines (KCM). According to Corporate Communications Director of Vedanta Resources Masuzyo Ndhlovu, the way the former Patriotic Front (PF) government handled the KCM matter was wrong because it did not fulfill the dispute resolution process.

In a press interface, Ndhlovu explained that there was a right channel for handling differences and wrongs.   But the previous government just went ahead and liquidated the mine without following the right procedure.  Vedanta was tirelessly contesting the earlier government’s stand in court.

It may be noted that Zambian President Hakainde Hichilema recently stated that the company (mine) would not be given back to Vedanta. Reacting to that statement, Ndhlovu said that such issues would be determined by the courts, adding that the legal process was on.

The company spokesperson said that Vedanta Resources wanted the mine back and was positive about running the mine to the satisfaction of everyone, particularly the labour and the unions. He noted that Vedanta was committed to working with the Mine Workers Union of Zambia, the National Union of Miners and Allied Workers, and the United Mine Workers Union of Zambia for the betterment of the sector.

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https://trendsnafrica.com/zambian-president-highlights-importance-of-private-sector-and-assures-greater-role-in-policy-framework/

https://trendsnafrica.com/zambian-president-rules-out-handing-over-kcm-mines-to-vedanta-but-committed-to-unlock-assets-soon/

He further said that the unions called for the recapitalization of the operations which included exploration, equipment replacement, and operationalisation of the Konkola Deep Mining Project, and also wanted improved condition of services for employees and a well-defined Corporate Social Responsibility. The company, he said, was committed to fulfilling those obligations.

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