Sata threatens to revoke Konkola Copper Mine’s mining licence over job cuts

President Sata says his government will not allow KCM to fire even one miner.

He says he will revoke the licence for KCM if the mining firm dares government with its plans.

President Sata was speaking at State House this morning when he opened a Cabinet meeting.

President Sata has since warned KCM Chief Executive Officer Kishore Kumar against exploiting Zambians.

He says the PF government is aware that KCM wants to use blackmail following the revocation of SI 89.

The Head of state accused mining companies of trying to avoid paying taxes by exporting Copper concentrates.

President Sata also directed Finance Minister Alexander Chikwanda to increase revenue collection from mining sector.

According to KCM, the move is in line with its continued restructuring of operations.

The company said it was moving towards mechanisation and automation in view of the decreased copper grades at some of its mines.