By NATION REPORTERKONKOLA Copper Mines (KCM) has rubbished a report on Bloomberg that operations at the Konkola Deep mine have been shut down.The company expressed shock at the reports, saying that they were misleading.KCM General Manager Corporate Affairs, Shapi Shachinda, said ever since the mine was placed under liquidation in May 2019, it had not been closed or put on care and maintenance.Mr Shachinda said the mine was running and there were no plans to put it on care and maintenance now or in the future.He said in addition to current operations, KCM was about to commence mining in a new area of Konkola known as Konkola East.Mr Shachinda said the favourable prices had made it economical to open up new areas.“The Bloomberg article is false and misleading. KCM plc learns with a sense of shock that,” said Mr Shachinda.According to reports, a lack of capital halted production at a copper mine Zambia seized from […]
KCM UP AND RUNNING CONTRARY TO BLOOMBERG’
