Vedanta returns …as investor, Govt assure of new look mine
Published On September 6, 2023 » 2423 Views» By Times Reporter » HOME SLIDE SHOW, PHOTOS OF THE WEEK, RIGHT SHOWCASE, SHOWCASE
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• DONE DEAL!! Mines Minister Paul Kabuswe (left) shaking hands with Vedanta Zinc International chief financial officer Pushpender Singla (centre) while Copperbelt Province Minister Elisha Matambo (right) looks on during the ZCCM Investments Holdings Media Briefing on Konkola Copper Mines PLC at the Mulungushi International Conference Centre in Lusaka yesterday. Picture by HENRY CHUNZA

THE return of Vedanta Resources Limited, which has pledged to inject US$1 billion to revitalise Konkola Copper Mines (KCM) operations, has given hope of a new lease of life in mining and satellite industries on the Copperbelt. Mine suppliers and contractors are happy that the firm has also committed US$250 million to pay outstanding debt while the workers’ unions are cheered by the pledge of a 20 per cent pay increase in wages across the board and a K2, 500 one off payment to all employees.

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