KCM in Zesco power supply deal after CEC contract ends

Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned utility Zesco Ltd after a long-term supply contract between the copper producer and the Copperbelt Energy Corporation (CEC) expired.

Zesco is now transmitting power via CEC infrastructure to KCM operations while the two parties finalize their agreement.

A 20-year contract between CEC and KCM, which operates Zambia’s largest copper smelter, Nchanga, as well as the Konkola and Nchanga mines, expired on March 31. It was extended by mutual agreement to May 31, after which...

Published

Andrea Hotter

June 02, 2020

19:51 GMT

New York