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Govt Won’t Be Forced to Grab KCM – Yaluma
Mines Minister, Christopher Yaluma, says government will not be forced to create a bad working environment for investors in the mining sector, considering their immense contribution to employment creation in the country.
Mr. Yaluma says government continues to value the efforts and contribution of the investors in terms of employment creation.
He says government will not be forced to drive Vedanta Resources limited out of the country because it wants to safeguard the jobs of the over eighteen thousand employees at Konkola Copper Mines (KCM).
Mr. Yaluma adds that government will not bow down to the pressure coming from the opposition to nationalize KCM stating that operations at KCM are going on well.
He has stated that government has no intentions of nationalizing KCM, stating that the investor running the mine is capable of doing a good job.
There have been growing calls for government to take possession of KCM following revelations by Vedanta Chairman Anil Argawal that the mine has been making profit in excess of $500 million per year.
This is contrary to earlier claims that the mine was facing operational challenges.
Posted by Editor
on June 4, 2014. Filed under LATEST NEWS.
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Ernest Mutale
June 4, 2014 at 10:07 am
If the mine will not be reposessed atleast take action that will show the people that the government is not toothless. Or are you going to let it go just like.
leo
June 4, 2014 at 10:58 am
Iwe Yaluma, do you know what we are going through here in Chingola,come an see for real miners not only coming to coperate offices,, come down to the Nchanga open pit and see for yourself if this is what you call a mine,
We are not asking you to nationalize KCM but chase these indians,have you been corrupted or what?
Jason Nyirenda
June 4, 2014 at 11:10 am
Mr fat minister, juts reintroduce windfall tax.
wisdom
June 4, 2014 at 11:35 am
the most important thing is to do what is good for our country. yaluma find time to talk with RB or joice Banda they were like you and you can be like them with all the money but sad
ataaa
June 4, 2014 at 12:17 pm
Ata
Aloysious kofya
June 4, 2014 at 12:19 pm
Aba sungu kuba chita monitor sana pantu balitumpisha.
chiloxy
June 4, 2014 at 12:20 pm
Mr yaluma are u blind
the president'ale'
June 4, 2014 at 12:22 pm
very sad!!! that our own ministers think this shallow
chiloxy
June 4, 2014 at 12:23 pm
@kofya abasungu thy hav no prblem wt hdis but indians are ******
Chada
June 4, 2014 at 1:04 pm
No sense of seriousness. Bamambala na ba ba bosha kale by these Indians.
ndeloleshafye
June 4, 2014 at 1:09 pm
the fat man cant see that we only have dilapidated konkola copper mines and not wel operating kcm kuti waseka
humphrey
June 4, 2014 at 1:12 pm
MR YALUMA WAKE UP AND STOP BEING SHALLOW.TELL ME WHAT IS GOOD TO NATIONALISE THE MINES AND MAKE THE ZAMIBAN SMILE BY HAVING THEIR OWN OR LET THE INDIANS MOCK ZAMBIAN ESPECIALLY YOU. UNDER ZCCM THE MINE TOWNSHIP WHERE CLEAN WITH FULL OF ECONOMIC BOOM BUT UNDER THE FOREIGNERS NOTHINGS TO BOAST
ndeloleshafye
June 4, 2014 at 1:15 pm
fat man cant c that the dilapidated konkola copper mines is not operating wel and wat employment has it created contracts were employees get peanuts be serious fat man atase
Kazembe wa Lunda
June 4, 2014 at 2:35 pm
Ka Yaluma nabakalishamo bamwenye
Chanda
June 4, 2014 at 2:45 pm
Why always take naivety towards our national natural resources
ZAMBIAN
June 4, 2014 at 3:03 pm
WE WANT WINDFALL TAX!!!!
jeffaro
June 4, 2014 at 4:47 pm
This fat politician has no brains. He is just after “nchekelako” from these ****** indians. He after fataning his fat stomach. But we will not allow hippocrits to run this country in to ruins.
MNC
June 4, 2014 at 5:14 pm
You ll never get my vote in 2016. Is it because you are comfortable and we are facing a hard time at here? Reserve our mines for honest investors.
mwansa
June 4, 2014 at 6:16 pm
This Yaluma is sounding like a lawyer for the Indians and Vendata. no wonder
amasuit naya Chepa. Stop defending the culprits, do u work for the indians or the Zambians, ala !!!
Nandi
June 5, 2014 at 3:04 pm
walasa apopene apo
kuli
June 4, 2014 at 7:37 pm
Honestly this is Wat corruption can do,ba mambala u use to see these nonses wen in opposition today u are tuthles coz u are benefiting,all politicians ar lias,God come and deliva us.
jamakudi
June 4, 2014 at 7:55 pm
What else can Yaluma say? They are eating from the same plate. If u want to be corruption, get close to INDIANS. They are the masters of corruption.
pettie
June 4, 2014 at 10:23 pm
These mines are stealing our money.Why can’t the Govt do something surely.Why is Zambia poor?
Fwetwine
June 5, 2014 at 1:13 am
Yaluma like many .PF ministers is too weak, Let Kambwili combine mines na labour kuti afumyako ubucushi tulecula Kali tumwenye
toka kari
June 5, 2014 at 11:38 am
If the government repossessed the KCM mine it will send a good message to other investors. What is the minister scared of. Those miners he is talking about are already suffering. Actually these mines are being run by Zambian miners, there is nothing new these harvesters have brought to Zambia. They found the machines which KK left. They have sunk no new shafts, they are just going in the same tunnels KK left. Pokenifye, twalafundika copper, ngayapya tukesalya bonse
Finangwa ifi
June 5, 2014 at 1:50 pm
How would you be forced when in fact you are beneficiaries of this mine you cant even see how insulting the all thing is to the Zambian nation
continue benefiting from KCM Yaluma its your mine
drinx
June 5, 2014 at 8:44 pm
Yaluma u re not even ashemd of your bad looks and how dull you re fat, ugly and very dull are usally found togther.