Pennipher Sikainda, AfricaNews reporter in Lusaka, Zambia
Mining giant, Konkola Copper Mines, has recorded an increase in its mid-year copper production in Zambia by 20 percent. KCM Chief Executive Officer JEYAJUMAR JANAKARAJ has disclosed that the company's production for the period April to September 2012 has shown a mid-year production increase compared to the same period in the last financial year which stood at 86,000 tones finished copper.
Mr JANAKARAJ notes that the increase is a result of high output in copper production at their Nchanga and Konkola mines both located within the copper-belt province of Zambia.
Mr JANAKARAJ nonetheless sates that KCM is on course in meeting copper production targets for the financial year 2012-2013.
The mining company Mr JANAJARAJ further projects increased copper production over the next five years to around 400,000 tones compared to the 2011-2012 financial year, KCM recorded copper production levels of 200,000 tones.
Meanwhile, KCM, a mining firm emerging out of India says it is considering listing on the London metal exchange and the Lusaka Stock Exchange.
The KCM boss says the company may not have immediate plans to carry out the listing for both the LME and Lusaka Stock Exchange; preliminary projections for listing is between the period of late 2013 to 2014.
Ends.
Mining giant, Konkola Copper Mines, has recorded an increase in its mid-year copper production in Zambia by 20 percent. KCM Chief Executive Officer JEYAJUMAR JANAKARAJ has disclosed that the company's production for the period April to September 2012 has shown a mid-year production increase compared to the same period in the last financial year which stood at 86,000 tones finished copper.
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