Konkola Copper Mines in Chingola is reportedly making a lot of losses today for a variety of reasons. Freddy Muntete in his garden. A ‘them and us’ culture characterises the way the government thinks about the mining industry today, exemplified by the decision to seize control of Konkola Copper Mines last year – a measure which, no matter how popular among some residents of Chingola, has further eroded investor confidence in the country’s mining sector. Zambia's Konkola Copper Mines (KCM) plans to invest $172 million in a new copper treatment project with a 13 year lifespan. We care. Konkola Copper Mines (KCM) is a leading Zambian integrated copper producer, which operates underground mines and open pit mines as well as metallurgical plants with operations located on one of the highest-grade copper seams in the world at Nchanga, Konkola, Nkana and Nampundwe. Project No. Manager Metallurgical ... WINA Head Env. Konkola Copper Mines is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. Zambia has ramped up the pressure on Konkola Copper Mines, ... reported annual results. The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambia's state mining arm ZCCM-IH. ZCI announced the deferral of KDMP in October 2001, following the completion of a feasibility study in mid 2001. Copper has for many years played an important role in Zambia’s economy, and the performance of the economy has followed the fortunes of copper mining closely. The reduction in revenue was as a result of below budget custom production as well as below budget combined concentrate tonnage available for treatment in the smelter. Konkola Copper Mines. Konkola Copper Mines plc (operator) 100 %: Direct: Vedanta owned 79.4% of the share capital of KCM. The imported concentrates are required for smelter and blending operations. Deposit Type. ... an investor that broke the law,” Mr Musukwa told the annual Investment in Africa Mining Indaba. 2. There are 6 companies in the KONKOLA COPPER MINES PLC corporate family. Technical Assessment Report Page v Konkola Copper Mines Plc, Zambia IMC Group Consulting Ltd Project No. The EMP for Anglo American’s subsidiary, Konkola Copper Mines (KCM), in which both the UK’s Commonwealth Development Corporation (CDC) and the World Bank’s International Finance Corporation (IFC) have equity shares, is the first to appear. There are 6 companies in the KONKOLA COPPER MINES PLC corporate family. KONKOLA COPPER MINES PLC has 400 total employees across all of its locations and generates $228,669 in sales (USD). At the time of acquiring the interest in the KCM operations, ZCI stated that the development of the Konkola Deep Mining Project (KDMP) was the main rationale for the acquisition. Sediment-hosted; Source: p.22. KONKOLA COPPER MINES PLC has 400 total employees across all of its locations and generates $228,669 in sales (USD). The assessment report follows the complaint in itemizing its responses to issues raised. At stake are copper mines and resources in one of the world’s richest deposits, which stretches from Zambia’s Copperbelt region into southern Democratic Republic of Congo. There are then a series of specific allegations relating to the discharge of harmful effluent into the waterways and the local environment. Over the 15-year period, KCM has employed, on average, … Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has stopped operations at its Nchanga mine in Zambia due to import duties on copper concentrates. Stand M/1408, Fern Avenue, Chingola,Zambia Alongside its core work providing a platform for Human Rights advocates, the Resource Centre runs several focused programme areas and regularly releases briefings and reports … WHEREAS: 1. Minister criticises group after state’s seizure of Konkola Copper Mines last year. KONKOLA COPPER MINES PLC is located in Chingola, Zambia and is part of the Copper & Nickel Mining Industry. Report this profile ... Stewardship of an annual operating budget of US$ 25million plus a capital budget of US$19millon. For this, the investors have been downsizing the mine’s workforce apparently in an effort to stay afloat. Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has stopped operations at its Nchanga mine in Zambia due to import duties on copper concentrates. KCM operates the Konkola and Nchana open pit copper mines, the Numpundwe pyrite mine and a copper smelter. We care. But that, sadly, … This had an adverse impact on sulphuric acid production which in turn impacted on copper production at the Tailings Leach Plant. These mining operations currently exploit the Kirila Bombwe ore body by underground methods and have historically been focused on two existing shaft systems, the Kirila Bombwe South ore body (the “No. Technical & Environmental Consultancy Services, Misenge Environmental & Technical Services Ltd, NFC Africa Mining Plc Extract from 2019 Annual Report, Lubambe Copper Mines Extract from 2019 Annual Report, Invitation for Bids (IFB) Construction of Low-Cost Houses, Houses, Rural Health Centre and Drilling of a Borehole in Kasenseli in Mwinilunga District, ZCCM IH reduces appetite for banking and milling, ZCCM-IH to appeal court decision asking it to enter arbitration with Vedanta, UPDATE 1-Zambia to appeal court ruling backing Vedanta in KCM mine dispute, Kansanshi Holdings Limited Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc, Zambia Extractive Industries Transparency Initiative, Visual Capitalist: Copper – The Essential Metal (Prt I), Visual Capitalist: Copper – The Essential Metal (Prt 2), Visual Capitalist: The Looming Copper Supply Crunch, Misenge Environmental Technical Services Ltd. Abacus Square, Thabo Mbeki Road, Lusaka, Zambia Konkola Copper Mines plc Copper (739,291 mt) Cobalt (1,957 mt) As shown in the charts above, the four largest mining companies in Zambia, Konkola Copper Mines and Mopani Copper Mines from the Copperbelt province and Kansanshi and Lumwana from Konkola Copper Mines, ... and 2010 Zambia lost $45 billion in potential income from copper, Eunomix said in a report. business partners and suppliers and their employees; the communities where we operate; the people of the Copperbelt; and the people of Zambia. Last year, efficiency improved and the Konkola Copper Mines (KCM, the country's largest) turned out a pound of copper for 85 cents. The company valued the assets at $1.6 billion in its last annual report. The imported concentrates are required for smelter and blending operations. The remaining 20.6% was owned by ZCCM Investments Holdings Plc, a Lusaka and Euronext listed company which is 77.53% owned by the Zambian Government and 22.47% publicly held. Still, the company valued the assets at about $1.6 billion in its most recent annual report… Prepared for N M Rothschild & Sons Ltd. By IMC Group Consulting Ltd Vedanta Resources Limited Approach to Sustainability and CSR. publish the report on its website. 3 shaft”). KONKOLA COPPER MINES PLC, a company incorporated in the Republic of Zambia (registered no. KCM currently produces 2 million tons of copper ore per year. In 2013, the production was 739,291 metric tonnes of copper and 1,957 metric tonnes of cobalt. Summary: The geological setting of the Zambian Copperbelt is … In January 2002, Anglo Gold, the owners of KCM, announced that they were resiling from the project. Extract from 2014 annual report For the period ended 31 March 2014 Lubambe Copper Mine Limited (LCM) reported revenues of K1,483 million (US$237 million) and a loss for the period of K243 million (US$39 million). THE Zambia Revenue Authority says it is verifying reports that Konkola Copper Mines (KCM) is making annual profits of US$500 million. July 20th 2016. July 6, 2018 Zambia Mines Rescue Bus Handover; January 9, 2019 MINING COMPANIES ACCOUNTED FOR MORE THAN A QUARTER OF GOVERNMENT’S INCOME – ZAMBIA EITI REPORT. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. 3627 application/pdf Annual Report 2016-17 (English Version) (Document Start Date : 10-03-2017 - Document End Date : 09-03-2025 ) (Size: 10.88MB ) (Uploaded on : 10-03-2017 ) 3417 application/pdf वार्षिक रिपोर्ट 2015-16 Konkola Copper Mines plc . Together, we create various operations reports to disseminate to the Health Services Management Team (who are responsible for assuring quality health services), using aggregate data from all the hospital's departments. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to … The company was urgently seeking information from the provisional liquidator of KCM regarding the status of the assets it owns which includes Konkola mine, an operation that requires constant dewatering in the absence of … See the video of the London demo here… and of the Delhi demo here. Report this profile; … The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year. Konkola Copper Mines (KCM) is the largest copper producer in Zambia, exporting copper and cobalt cathodes. The proposed project is planned to produce 50,000 tonnes of finished copper per year. We Serve. Konkola Copper Mines (KCM) reported total revenue of ZMW12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 [2018: ZMW12.2 billion (US$1,283.0 million)]. KCM was convicted on four charges, including wilfully failing to report … KCM’s total mine production for the year was recorded at 177,035 tonnes (2018:144,664 tonnes). Lungowe and others v. Vedanta Resources Plc and Konkola Copper Mines Plc 17. Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it … Konkola Copper Mines (KCM) has been reorganised and restructured into two subsidiary companies effective February 1, 2021 in a bid to increase efficiency, foster optimization and boost business opportunities. commodities produced in Zambia. INTERNATIONAL - Zambia’s Konkola Copper Mines (KCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a … 313c kcm technical assesment report.doc January 2008 IMC Group Consulting Ltd Technical Assessment Report of Konkola Copper Mines Plc as at 12th August 2005. The company only commenced production in October 2012 and is thus still in its nascent stages of operation. Non-ferrous cash prices temporarily discovered basis LMEselect trading (due to Covid 19): 12.30-13.15 *Gold and silver spot prices, per troy ounce, established basis LMEselect trading: 18.29-18.30 Group’s sales by geographical market, … It is alleged that Vedanta and KCM were both aware of these; and reliance is placed on the result of a report in 2006 SAFETY MAGEMENT TRAINEE at KONKOLA COPPER MINES Pcl (KCM) Zambia 404 connections. Fast forward to end of May, the company announced that “effective 1 June 2020 it would discontinue the supply of power to Konkola Copper Mines Plc (KCM) as the power supply agreement (PSA) between CEC and KCM came to an end on 31 March 2020 but was extended through mutual agreement of the parties, up to 31 May 2020”. Zambia determined to find another investor for Konkola mine - mines minister. Vedanta Resources Limited has made substantial positive steps forward to … Konkola Copper Mines Plc (KCM) is the largest mining and Metals Company in Zambia with annual capacity of 200,000 metric tonnes of copper. In March 2014, Vedanta Resources chairman and majority owner Anil Agarwal boasted during the Jain International Organisation conference held in Bangalore, India, how he was making annual profits of around $500 million from Konkola Copper Mine which he bought for a paltry $25 million. Konkola Copper Mines (KCM) is a leading Zambian integrated copper producer, which operates underground mines and open pit mines as well as metallurgical plants with operations located on one of the highest-grade copper seams in the world at Nchanga, Konkola, Nkana and Nampundwe. Konkola Copper Mines, ... and 2010 Zambia lost $45 billion in potential income from copper, Eunomix said in a report. Kaunda’s nationalization drive didn’t end well. • Preparation of work in progress, WIP, (copper, cobalt & Sulphur) documents/ Stock valuation reports. KCM is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. Together these mines account for approximately 67 percent of Zambia’s total metal output. Phone: +260-212-358000, Technical & Environmental Consultancy Services, Misenge Environmental & Technical Services Ltd, ZCCM-IH to appeal court decision asking it to enter arbitration with Vedanta, UPDATE 1-Zambia to appeal court ruling backing Vedanta in KCM mine dispute, Why ZCCM IH cautionary notice on KCM is timely, Agarwal Mining Group Hit by Commodity Price Slump, KCM Employs 100 Workers on Permanent Basis, Zambia Extractive Industries Transparency Initiative, Visual Capitalist: Copper – The Essential Metal (Prt I), Visual Capitalist: Copper – The Essential Metal (Prt 2), Visual Capitalist: The Looming Copper Supply Crunch, Misenge Environmental Technical Services Ltd. The KCM Project envisaged a two phase development program that involved purchasing and rehabilitating the mine and its processing facilities. This report explores the potential contribution that the copper mining industry could make to jobs and prosperity in Zambia, and what it would take to achieve this potential. KCM Konkola Copper Mines MCM Mopani Copper Mines MMEWD Ministry of Mines, Energy and Water Development MoF Ministry of Finance MoL Ministry of Lands MoLGH Ministry of Local Government and Housing MSD Mines Safety Department Mt Metric tons MTEF Medium Term Expenditure Framework OAG Office of the Auditor General PAC Public Accounts Committee PFM Public Financial Management … The South Gauteng High Court granted Vedanta Resources an urgent interim order blocking minority shareholder Zambia Consolidated Copper Mines. KCM We mine. & Sustainability Assurance at Konkola Copper Mines Zambia. The group produces aluminium, copper, zinc, lead and iron ore and also commercial energy. Konkola Copper Mines plc is a subsidiary of Vedanta Resources plc ("Vedanta") a London Stock Exchange listed FTSE100 diversified metals and mining company, with revenues in excess of USD 6.5 billion. Extract from 2014 annual report For the period ended 31 March 2014 Lubambe Copper Mine Limited (LCM) reported revenues of K1,483 million (US$237 million) and a loss for the period of K243 million (US$39 million). The complaint is annexed to the assessment report. KCM We mine. Loss after tax was ZMW3.72 billion (US$ 332.2 million) [(2018: ZMW1.102 billion loss (US$131.6 million)]. Konkola Copper Mines (KCM) reported total revenue of ZMW12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 [2018: ZMW12.2 billion (US$1,283.0 million)]. We Serve. Extract from 2019 ZCCM IH Annual Report. Kasola Jeff. BACKGROUND1 Konkola Copper Mines plc (KCM) is the largest copper producer in Zambia, exporting copper and cobalt cathodes. Konkola Copper Mines - KCM annual celebration came to a joyous end as the final long service awards for Smelting & Refining and Corporate sections were held in Kitwe and Chingola today. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Chairman: E Silwamba; CEO: M Chipata Konkola Copper Mines (KCM) reported total revenue of ZMW 12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 {2018: ZMW12.2 billion (US$1,283.0 million}. The company only commenced production in October 2012 and is thus still in its nascent stages of operation. Konkola Copper Mines Plc, Vedanta Resources Plc’s Zambian unit, stopped producing at one of its open pits near Chingola after a mining contract was not renewed. Phone: +260-212-350604 A loud protest organised by Foil Vedanta took place outside the meeting, demanding that Vedanta subsidiary Konkola Copper Mines publish its hitherto secret annual accounts in Zambia, and accusing the company of pollution, human rights abuses and financial mismanagement in India and Afrika. Agarwal, in a “personal message” published in the Zambia Daily Mail newspaper Wednesday, said the attempted liquidation of KCM “can only hurt the country’s hard-earned democracy and investor-friendly status.” 1 shaft”) and the Kirila Bombwe North ore body (the “No. As a news article reports: "The materials will be treated using a process known as agitated leaching. KCM is Africa’s largest copper mine and the largest mining … VEDANTA distanced itself from allegations published in local Zambian media that it was involved in the sabotage of facilities owned by its Konkola Copper Mines (KCM).. Join to Connect. corporate.communications@kcm.co.zm, Konkola Copper Mines plc Corporate Center – Lusaka It is the only mining company in the country that has operations in four locations, including Chingola, Chililabombwe, Nampundwe and Kitwe, playing a key role in the communities around these mining areas. The Zambian mine was owned by Konkola Copper Mines, for which Janakaraj was head of operations. Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. The Konkola mine is situated about 26 km north of Chingola and is the most northerly of KCM’s Copperbelt mines. The reduction in revenue was as a result of below budget custom production as well as below budget combined concentrate tonnage available for treatment in the smelter. In October 2015 Foil Vedanta visited Vedanta’s Zambian subsidiary Konkola Copper Mines (KCM) for the second time to investigate the legacy of pollution that has destroyed the environment and livelihoods around Chingola since 2004, when Vedanta bought controlling shares in KCM. ... company valued the assets at $1.6 billion in its 2018 annual report. Alongside its core work providing a platform for Human Rights advocates, the Resource Centre runs several focused programme areas and regularly releases briefings and … KONKOLA COPPER MINES PLC is located in Chingola, Zambia and is part of the Copper & Nickel Mining Industry. The Copperbelt Energy Corporation Plc (CEC) will, effective 1 June 2020, discontinue the supply of power to Konkola Copper Mines Plc (KCM) as the power supply agreement (PSA) between CEC and KCM came to an end on 31 March 2020 but was extended through mutual agreement of the parties, up to 31 May 2020. Konkola Copper Mines plc | 15,247 followers on LinkedIn. Speaking during a briefing in Chingola, … Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. 43628), whose registered office is at Stand M/1408, Fern Avenue, Chingola, Republic of Zambia (which shall include any permitted assigns or successors of the rights and obligations of Konkola Copper Mines plc) ("KCM"). Vedanta reported a $165 million operating loss at Konkola in the year through March. Assisting the Health Information Officer in managing Nchanga South Mine Hospital's data, with a significant emphasis on HIV/AIDS data. 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