“My job is to stabilize the business at base level, to ensure reliable production and make sure that we can reach the ultimate annual 400,000 tonnes production level of integrated growth within the next few years” – Deshnee Naidoo
In an exclusive interview with the copper producers premiere business news provider dubbed the Zambian Business Times – ZBT, Konkola Copper Mines Public Relations and Communications Manager Shapi Sachinda said that the contractors for the 300-megawatt (MW) power plant in southern province will be announced after completion of the feasibility study and the environmental assessments.
Newly appointed KCM Chief Executive Officer Deshnee Naidoo added that plans to invest in a 300-megawatt (MW) coal-fired power plant in Southern Zambia are on course. The proposed plant would support the miners growth prospects at both its Konkola deep mine and the cobalt refinery in the pipeline. Naidoo’s statement confirms Anil Argawal’s utterances when he visited Zambia last year. Agarwal had hinted that the miner was looking to decongest the grid at a time when Africa’s second largest producer was experiencing rolling blackouts in a time or drought caused by El nino effects. The mines consume 57% of the country’s power grid.
Naidoo whose role extends to the miners South African operation, further stated that Vedanta Africa Base Metals was also looking at constructing another power plant at the Gamsberg project in South Africa’s Northern Cape province.
The option of underground mining at the mine when the company’s open-pit operations become exhausted around 2020 were slim, she said.
She narrated that the ‘basic building blocks’ set up by the departing KCM CEO Steven Din would be cemented, in order to produce more copper cathodes in support of the 50-year vision for Vedanta Resources to continue mining for copper in Zambia. KCM has more that 16million tons of copper it is sitting on both in Chingola and Chililabombwe mines.
“My job is to stabilize the business at base level, to ensure reliable production and make sure that we can reach the ultimate annual 400,000 tonnes production level of integrated growth within the next few years”.
The state-owned mining holding company, the Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) 20.6% shareholder KCM.
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