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KCM provisional liquidator takes over

Written by on May 22, 2019

By Clinton Masumba, Chingola

Provisional Liquidator of Konkola Copper Mines (KCM) Milingo Lungu has taken charge of KCM assets after serving a notification of liquidation to Management.

Zambia Consolidated Copper Mines – Investments Holdings (ZCCM-IH) on Tuesday commenced a petition against KCM on grounds that they have lost confidence in the manner the mine, assets and business is being managed.

Speaking to Journalists after a meeting with Management at Konkola Copper Mines, Mr Lungu said he will be provisional liquidator until winding up of KCM if the court decides so.

Mr Lungu has further noted that mining activities will continue run as before until at such a time the court will make a decision on the matter.

And President Edgar Lungu’s Special Assistant for Press and Public Relations Amos Chanda said the head of state has fulfilled his promise of ensuring that the due process of the law takes its course to protect the interest of workers and the company.

Meanwhile, Mineworkers Union of Zambia President Joseph Chewe has urged workers to get back to work and protect assets of KCM as they await a new mine investor.

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