Mon, 30 Nov -0001 00:00:00 +0000 By SIABANA KELVIN KONKOLA Copper Mines (KCM), one of Zambia’s leading copper producers, generated revenues of US$874.3 million in the financial year of 2017 on the total finished copper production of 180,000 tonnes. Announcing the results, KCM chief executive officer Steven Din noted that the 2017 financial year was ‘‘an extremely challenging year for copper producers’’, particularly Zambia. “I would like to thank the KCM team who have been relentless in driving operational efficiency across the business; we anticipate that these efforts, combined with the recovery in the copper price, will put KCM on a much stronger path in the financial year of 2018,” said Mr Din. Mr Din said despite the challenging operating environment and depressed copper prices, averaging only US$5,152 per tonne in 2017, KCM maintained its strong commitment to sustainability, directing US$13.2 million into community initiatives and investing in environmental projects as of its Going Green […]
