Indo / Konkola Copper Mines Partnership
CHINGOLA, 23rd June 2022: Konkola Copper Mines Plc (KCM) and Indo Zambia Bank have held exploratory discussions to establish a strong business partnership, which would unlock bridge financing to the mining company by the bank to pave the way for growth.
The discussions centred on creating synergies to ensure potential structured financing of mining operations, possible lending by the bank to employees of KCM and other facilities that would assist in unlocking some of the untapped mining activities of Konkola Copper Mines.
Ms Nair said her office would continue to strengthen relationships with lending institutions to in order to create a strong platform for take-off by a new investor in KCM for continuity in mining operations. The government of Zambia is looking for an investor to take over the running of KCM.
“The global market is presenting opportunities for entities like KCM and we as Indo Zambia Bank would like to be part of the support to unlock such opportunities,” the Indo Zambia Managing Director, Mr Shashidar said.
The two parties agreed to explore pooled support to Community initiatives such as tree planting to aid a green economy, which is the thrust of the New Dawn Government for environmental promotion activities, and also in the areas of promoting various sports disciplines.
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CHINGOLA, 23rd June 2022: Konkola Copper Mines Plc (KCM) and Indo Zambia Bank have held exploratory discussions to establish a strong business partnership, which would
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