Pressure Intensifies on Zambia’s Mines Minister to Complete Konkola Copper Mines Transfer to Vedanta Resources
The Minister of Mines and Minerals Development, Honorable Paul Kabuswe, is under increasing pressure to fulfill the government’s promise of transferring control of Konkola Copper Mines (KCM) to Vedanta Resources by June 30, 2024.
Advocates for National Development and Democracy (ANDD) have welcomed Minister Kabuswe’s assurance that the legal framework for the KCM-Vedanta transition will be finalized by the end of this month.
Executive Director Samuel Banda emphasized the urgent need for KCM to resume operations swiftly to stimulate job creation and business opportunities.
“We urge the minister to honor his commitment, as pledged last year, to restore KCM to full operational capacity by early 2024. With the transition process still pending, stakeholders eagerly anticipate the government’s decisive action,” Mr. Banda emphasized.
Highlighting the economic benefits of a revitalized mining sector, Banda underscored the importance of prompt action to bolster Zambia’s GDP and foster economic growth.
