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Levy clean on KCM

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

STEVEN MVULA, Lusaka
KONKOLA Copper Mine (KCM) was not sold cheaply in 2004 as is being insinuated, former Special Assistant to President Levy Mwanawasa for policy and project implementation and monitoring Jack Kalala has said.
Mr Kalala says Zambia actually earned US$65 million from the sale of KCM to Vedanta Resources.http://epaper.daily-mail.co.zm/

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