Tue, 13 Feb 2018 09:51:27 +0000 By NATION REPORTER KONKOLA Copper Mines (KCM) is set to lift its annual copper production to 500,000 tonnes due to huge investments by Vedanta Resources Plc and current positive market fundamentals, says chief executive officer of (KCM), Steven Din Mr Din said investments of over $3 billion on expansions and upgrades has set KCM in a strong position to step-up production. Reflecting on the just-ended Mining Indaba conference in Cape Town, South Africa, Mr Din, however, warned against complacency in operations and emphasized the need to raise production volumes and not only rely on the current high copper price. He said KCM had emerged strong from the economic downturn, during which time the price of copper dropped to its lowest in 11 years at $4,500 per tonne in 2016, as a result of looking at things in more detail. “We’re targeting production of up to 500,000 tonnes in the […]
