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US$1 billion investment for Konkola Copper Mines

Vedanta Resources developers of Konkola Copper Mines (KCM) have announced a 50-year blueprint for the integrated copper mine.

With a budget of US$1 billion, the long term project is expected to grow KCM’s employment to 7000 jobs.

“I want Konkola Copper Mines (KCM) to be the largest integrated copper producer in Africa, the pride of Zambia and Vedanta Resource’s hub for copper and cobalt production in Africa,” said Anil Agrawal, Chairman of Vedanta Resources.

KCM is Zambia’s largest integrated copper producer, technically very challenging, because of the massive amount of water but Agrawal is resolute and wants to ramp up operations.

“I’m determined to find technical solutions,” said Agarwal who is committed to diversify the economy of the Copperbelt by supporting initiatives in agriculture and technology.

KCM currently supports 2 700 families and small scale farmers through its Sustainable Livelihoods programme.

KCM is one of Zambia’s largest copper producers, with mining operations in Chingola, Chililabombwe, Kitwe and Nampundwe.

The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy.

The developers Vedanta Resources have operations in India, Zambia, Namibia, South Africa, Ireland and Australia.

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