By AARON CHIYANZOKONKOLA Copper Mines (KCM) has been financially insolvent since 2014 resulting in the liquidation of the mine, KCM liquidator Milingo Lungu has said.Mr Milingo said the mine was currently under liquidation because its financials had been in a mess for some.Recently, Mines Minister Paul Kabuswe described as a mess the current financial and operational challenges at KCM.Mr. Kabuswe said the politicisation of KCM by the PF government went overboard and that the giant mine almost became a political party after liquidation.But Mr Milingo said the financial mess at KCM was not new and that it was a problem created before the liquidation of the mine.He said KCM had been financially insolvent since 2014.“KCM has been financially insolvent since 2014 and it is the reason the previous Government decided to put it on liquidation,” Mr Milingo said.Mr Milingo said he would engage the new minister so that he understands his plans on reviving KCM.He […]
MILINGO EXONERATES HIMSELF FROM KCM WOES
