By NIZA NAYAMEMr Musukwa said KCM had become a “white elephant” in debt and was barely functioning.He said during an interview with Sun FM that the government had to come to the aid of the mine to save it from collapse.“KCM at one time was at a brink of total collapse, in fact if Government had not moved in, certain multinational companies that KCM was owing had a core option in terms of a takeover of the company and that is why the State because it has privileged information moved in to ensure that we saved the mine from total collapse,” Mr Musukwa disclosed.He said the development at KCM was spread to Mopani when the company was almost liquidated.“And this trajectory is the same at Mopani, when we decided to get the offer from BLEMCO, our critics told us that we will not survive a month, up to today Mopani is in excess of over […]
STATE SAVED KCM FROM TOTAL COLLAPSE, SAYS EX MINES MINISTER
