Konkola Copper Mines –KCM- plans to invest 700 million United States dollars to unlock the full potential of the mine over the next five years.
KCM Chief Operating Officer MALCOLM MEWETT says the Mine in Chililabombwe will receive over half of the one billion United States dollars investment pledged by Vedanta Resources Limited for KCM’s overall growth in the coming years.
Mr. MEWETT says the planned investment in underground developments at Konkola Mine will unlock vast copper resources and significantly boost production. 
He says the investment will enable the mine to achieve its target of producing 300,000 tonnes of copper per annum and contribute significantly to the Government’s vision of reaching three million tonnes of annual copper production within the next five years
Mr. MEWETT said this when he officially re-launched the Konkola Business Unit operations in Chililabombwe.
And KCM Director of Mining, Konkola General Manager CORNELIUS CHIMBANGA stressed the importance of targeted investments in enhancing the mine’s contribution to Zambia’s GDP.
(Image credit KCM)
