KCM says London Metal Exchange reinstates its Copper Grade A brand after independent audit

Konkola Copper Mines plc (KCM) said on Monday the London Metal Exchange (LME) had reinstated and recognised its Copper Grade A “REC” brand, restoring the product’s full market status.

Acting Chief Executive Officer, Malcolm Mewett, said the reinstatement followed a rigorous independent audit under the Responsible Minerals Assurance Process (RMAP), conducted by the Responsible Minerals Initiative.

In a statement, Mewett said the outcome confirmed KCM’s compliance with internationally recognised standards for responsible sourcing, due diligence and supply-chain transparency.

He said the reinstatement and renewed product recognition marked a pivotal milestone in KCM’s operational recovery and governance transformation.

“This reinstatement is a strong endorsement of KCM’s transformation and our uncompromising commitment to responsible mining,” Mewett said.

He added that meeting the RMI’s standards sent a clear signal to global customers and partners that KCM was a trusted supplier of high-quality, ethically produced copper cathodes.

Mewett said the decision came as KCM accelerated production and advanced modernisation efforts across its operations.

“It reinforces the company’s position as a key player in Zambia’s mining sector and a contributor to the global shift toward sustainable resource development,” he said.

Mewett expressed appreciation to the LME, the RMI and KCM stakeholders for their support throughout the audit and reinstatement process.

He noted that Konkola Copper Mines, majority-owned by Vedanta Resources (79.4%) and ZCCM Investments Holdings (20.6%), was one of Zambia’s largest integrated copper producers.

“With operations in Chingola, Chililabombwe, Kitwe and Nampundwe, KCM is committed to responsible mining, community development and supporting Zambia’s ambition to reach 3 million tonnes of annual copper production by 2030,” Mewett said.

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