KCM invests K2.2 in procurement

Konkola Copper Mines -KCM- a subsidiary of Vedanta Resources Holdings Limited, has invested 2.2 billion Kwacha in local procurement this year.

This is reinforcing its commitment to empowering Zambian businesses and stimulating economic growth.

The Investment underscores KCM’s dedication to supporting local entrepreneurship with 90 percent of procurement spending, going to Zambian suppliers and contractors.

Two billion Kwacha is dedicated to local procurement and an additional 190 million Kwacha paid directly to local suppliers

And, KCM Chief Operating Officer MALCOLM MEWETT, says the significant investment in local procurement underscores the firms dedication to enhancing Zambia’s economic well-being.

Mr MEWETT says KCM will remain committed to supporting local businesses and contributing to the country’s growth.

This is according to a statement released to ZNBC News by KCM Corporate Communications Office.