KCM, Zesco in debt talksBy GIDEON NYENDWATO avert a blackout that would lead to a disruption of production, KCM has engaged Zesco Limited not to restrict power to the mine as planned.This follows an announcement by Zesco that it would start restricting power to KCM owing to the US$173 million debt the mining giant owes the power utility company.Zesco Corporate Affairs Manager, John Kunda confirmed that KCM had engaged the power utility over the debt and plans to restrict supplies but that the talks were ongoing.Dr. Kunda said KCM had responded to the announcement and went to Zesco so that they could reach an agreement which was just awaiting finalisation.“We are in conversation with them, that is why we did not restrict power,” he said in an interview. Dr Kunda said they could not restrict power to KCM so that they could reach an agreement because they could not restrict power when the customer had […]
KCM, Zesco in debt talks
