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KCM predicts impending slough at Nchanga Open Pit

CHINGOLA, 2 July, 2020: Konkola Copper Mines (KCM) Chief Executive Officer (CEO) Christopher Sheppard has announced that the mine has predicted an impending slough (Caving in of ground) after its geo-technical assessments detected some slope instability at the Nchanga Open Pit (NOP) Cut 2 in Chingola. The anticipated slough is manifesting through a series of multiple tension cracks, which have continued opening up almost parallel to the strike of the open pit east perimeter road in a South East–North West direction. ...

Konkola Copper Mines provides clarity on power issues

CHINGOLA, 4th June 2020: Following events of the last few days, which culminated into the Copperbelt Energy Corporation (CEC) temporarily restricting power to Konkola Copper Mines Plc (KCM) for a few hours on Monday, we seek to update our stakeholders and the nation on the matter. In the last 20 years, Konkola Copper Mines had a Power Supply Agreement (PSA) with the CEC, which was underpinned on the Bulk Supply Agreement (BSA) between Zesco Ltd., and the CEC. Our agreement with the CE...

Konkola Copper Mines Statement On Cec Threats To Restrict Power

31 May 2020, CHINGOLA: Konkola Copper Mines (KCM) acknowledges having seen a media statement, dated 29 May 2020, issued by the Copperbelt Energy Corporation (CEC) in which it indicates that it intends to switch off power supply to KCM with effect from 1st June 2020. Konkola Copper Mines informs that the 20-year Power Supply Agreement (PSA) between CEC and KCM expired on 31st March 2020, and was extended by mutual agreement to 31st May 2020. KCM has entered into a binding Term Sheet Agreement for a new PSA between ZESCO L...