Konkola Copper Mines

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Konkola Copper Mines
legal form Corporation
founding 1999
Seat Lusaka
sales $ 750 million (estimate)
Branch Mining

This article or section needs revision: Article is very out of date; For example, there is talk of "from 2006 should" and production plans for 2009. The share of Vedanta is now 79.4%. [1] Therefore, all other data must be checked to ensure that it is up to date.
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Konkola Copper Mines is a public company based in Zambia . It has been 51 percent owned by Vedanta Ressources Plc since 1999 . in London , to 28.4 percent in that of Zambia Copper Investment Ltd. and 20.6 percent from Zambia Consolidated Copper Mines Investment Holdings . Konkola Copper Mines is quoted on the Lusaka Stock Exchange, i.e. not traded. Its headquarters are in Lusaka , Independence Avenue. Anglo American was originally there, but withdrew in January 2002.

Konkola Copper Mines is the largest copper producer in Zambia. It operates the Konkola Deep copper mines together with Sterlite Industries Ltd from India, which has a daily capacity of 100 t, Nampundwe alone with a daily capacity of 10.44 t and Nchanga alone with a daily capacity of 112 t of copper ore.

The company plans to increase the production of copper concentrates from 180,000 t per year in 2000 to 220,000 t and 2,500 t of cobalt in 2009 and hold it for the next 25 years. For this purpose, the existing systems were renewed for US $ 345 million. These are the mining equipment itself as well as the crushing, smelting and refining equipment. Starting in 2006, the deep and complex Konkola Deep mine, which is the largest ore deposit, is to be expanded in a second phase .

Konkola Copper Mines is the target of heavy criticism regarding the pollution of the Kafue River with 10 mg copper, 38.5 mg manganese and 1 mg cobalt per liter in Chingola and Chililabombwe . These values ​​are 1,000 percent for copper, 77 percent for manganese and 10,760 percent for cobalt above the permissible limit values. In Chingola alone, 75,000 are supplied with this water via the drinking water pipes.

There are no balance sheets. With a copper price of US $ 5,000 per ton on the world market, sales can be US $ 1 billion at full capacity.

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