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HomeMiningLocal firms cry foul as Chinese firm lands $498m KCM deal

Local firms cry foul as Chinese firm lands $498m KCM deal

Questions are mounting over the extent to which local engineering firms are being afforded opportunities in Zambia’s major mining projects, following the recent award of a $498 million contract by Konkola Copper Mines (KCM) to a Chinese firm. The decision has sparked a vigorous debate within the industry and among stakeholders, who are calling for greater transparency and a more equitable distribution of contracts to bolster the local engineering sector and drive sustainable national development. ZCCM Investments Holdings Plc a minority shareholder with 20.6% shareholding has approved the construction of a $498 million Tailings Leach Plant at Konkola Copper Mines’...

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