KCM invests $1 billion

VEDANTA Resources Plc has unveiled US$1 billion investment plans for Konkola Copper Mines (KCM) which will quicken development of its Konkola Deep Mine in Chililabombwe.

The project is expected to create 12,000 additional jobs for Zambians.
Vedanta Resources Group chief executive officer Kuldip Kaura said some of the funds will be used to establish a new copper refinery at Nchanga in Chingola.
Mr Kaura was speaking when he and KCM chief executive officer Steven Din paid a courtesy call on Minister of Mines and Mineral Development Christopher Yaluma in Lusaka yesterday.

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