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SCORES OF INVESTORS SHOW INTEREST IN KCM – ZDA

THE Zambia Development Agency (ZDA) says the number of international investors interested to take over the operations of liquidated Konkola Copper Mines (KCM) has increased exponentially over the past few weeks.

ZDA Public Manager Faith Musonda said the agency has continued to receive many investment inquiries from foreigners who are interested to take over the operations of the mine.

Musonda said ZDA will soon publish the details of the various investments it has received in the mining sector.

“There has been no reduced investment queries from foreigners and in fact we have recorded an increase,” she said.

 The comment from ZDA come in the awake of the sentiments made by Vedanta Mineral resources Limited Chief Executive Officer (CEO), Anil Agarwal, who is a major shareholder of KCM, that government move to liquidate the giant mining firm would scare off potential investors.

Government through its shareholder the Zambia Consolidated Copper Mine Investment Holding (ZCCM-IH) placed KCM under liquidation citing failure by the mining firm to settle its outstanding debts and further harmonize the operations of the company.