American Ambassador to Zambia Eric Schultz has expressed satisfaction at the efforts Konkola Copper Mines (KCM) is making to extend and sustain life of mine.

Speaking when he visited for a familiarisation of KCM Nchanga operations in Chingola, Ambassador Schultz said the mining industry has a lot of potential for growth and to contribute to Zambia’s economic development.

“It was amazing to learn about mining and what is involved in the mining and processing of copper,” he said following his visit.

“KCM has a very impressive facility and I have a much better understanding of what is involved in copper mining and how capital intensive copper mining is.”

Ambassador Schultz added that the mines should continue having dialogue with government for mutual benefits.

The Ambassador said although there was need for diversification of the economy, mining would remain an important sector for the growth of the Zambian economy and the U.S. Embassy would, therefore, remain committed to encouraging further expansion and growth of the sector.

He said the Government of Zambia and the mines should collaborate with one another to ensure the business environment is right for the country and mines – the “win-win” he noted that President Lungu had recently called for.

Ambassador Schultz also suggested that mining firms consider setting up small hydro generation power facilities to ensure reliable supplies and cushion power costs, noting that some American companies were currently exploring just this potential in the power generation business.

About KCM

KCM is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. We are the only mining company in the country that has operations in four locations, including Chingola, Chililabombwe, Nampundwe and Kitwe, playing a key role in the communities around these mining areas.