You are currently viewing KCM secures $28m for Nchanga smelter
IN MAY 2014, a technical committee constituted by Government to evaluate the performance of Konkola Copper Mines found that capital projects totalling US$2.8 billion were financed through Konkola’s own cash flow, lease finance and short-term bank loans. PICTURE: MATTHEWS KABAMBA

KCM secures $28m for Nchanga smelter

MWILA NTAMBI, Kitwe
KONKOLA Copper Mines (KCM) has secured US$27.63 million to conduct the annual shutdown of its Nchanga smelter.
KCM provisional liquidator Celine Nair said the smelter at Nchanga periodically requires an upgrade of infrastructure to improve efficiency and production so as to prolong its life.

“The bi-annual smelter shutdown is scheduled to take place between July and August 2023, for a period of 45 days,” she said in a statement issued by KCM general manager corporate affairs Shapi Shachinda yesterday.

Ms Nair said the shutdown will comprise the control system upgrade, renewal of refractory lining in the furnaces and refurbishment of the cast wheel for copper anodes.She said other works will CLICK TO READ MORE