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KCM still owed US$10 million in VAT returns, refuses to disclose jobs to be lost
 
By:
Mon, 16 Nov 2015   ||   Zambia,
 

Konkola Copper Mines (KCM) is still owed over US$10,000, 000 in outstanding Value Added Tax (VAT) returns dating back to August 2013.

And KCM has refused to disclose how many people will lose jobs due to the on-going job losses in the mines.

KCM Chief Executive Officer Steven Din said Monday morning that KCM has only been paid for a period of six months this year.

He further said that the mining firm was losing over US$2 million per month in operational costs due to low production.

He however refused to comment on the impending job loses citing ongoing consultations with stakeholders.

 

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