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2 clusters · 4 sources · 21 days · First seen · Last updated

Konkola Copper Mines operational expansion

Overview

Konkola Copper Mines (KCM) has initiated efforts to expand its operations in Zambia through a partnership with technical firms Axiom Group and VBKOM. This collaboration focuses on utilizing advanced technology in geology and resource modelling to enhance mine planning and safety. Following Vedanta Resources resuming stewardship in July 2024, the company has invested over US$705 million, contributing to a significant turnaround in production levels.

By July 2026, KCM reached a production milestone of 10,000 tonnes of copper in a single month, surpassing previous monthly averages of 8,000 to 9,000 tonnes. This output represented more than 11 percent of Zambia’s monthly copper production target for 2026. In response to this milestone, KCM implemented a K5.8 million reward initiative for employees and business partners. While the Mineworkers Union of Zambia welcomed the recognition, the union noted that productivity gains must be paired with improved worker safety and conditions.

Entities

Konkola Copper Mines · Zambia · VBKOM · ZCCM Investments Holdings Plc · Axiom Group

Timeline

  1. 12 days ago

    [BUSINESS] 4 sources
    Konkola Copper Mines hits 10,000-tonne monthly copper production milestone

    Konkola Copper Mines reached a record 10,000 tonnes of copper production in July, prompting the company to distribute K5.8 million in rewards to employees.

  2. about 1 month ago

    [BUSINESS] 4 sources
    Konkola Copper Mines partners with Axiom and VBKOM to boost exploration

    Konkola Copper Mines is expanding exploration through new technical partnerships and has invested over US$705 million to double production as Zambia's copper sector benefits from rising global demand.

Sources

africa.businessinsider.com · africanminingmarket.com · efficacynews.africa · miningindex.co.zw