Sun, 26 Mar 2017 10:41:34 +0000 INDICATIONS by Vedanta Resources Plc Chairman Anil Agarwal to make an additional investment of US$ 1 billion into the operations of the giant mining company Konkola Copper Mines (KCM) gives hope that the mainstay of Zambia’s economy is set to rebound. This announcement comes barely a month after another mining company Mopani Copper Mines (MCM) embarked on a recruitment process of some workers it had retrenched sometime in 2015. Going by the stability in the Copper prices on the London Metal Exchange, it is anticipated that many mining companies which faced operational challenges two years will resuscitate their operations. The political and business environment looks good and there is guaranteed hope that there is light at the end of the tunnel. As we have repeatedly said before, the challenges that engulfed the mining sector two years ago were beyond Government’s control, they were mainly triggered by external factors. […]
