Vedanta Resources Corporate Communications Director, Masuzyo Ndhlovu, says there is no misunderstanding between the company and government as speculated by some stakeholders.
Ndlovu claimed that the two had been having fruitful engagements and what was brought on table by both parties were looked into and an agreement reached.
He told journalists in Lusaka on Sunday that Vedanta Resources and ZCCM-IH were currently waiting for the Court of Arbitration to set the date when to clear the issues which had been agreed upon regarding the operations of Konkola Copper Mines (KCM).
Ndhlovu said the investor and ZCCM-IH had settled everything regarding the operations of the giant mine.
“So, the Zambian people need to know where we are now, so this is where we are standing. There is no misunderstanding between the government of Zambia and Vedanta Resources, we have been having fruitful engagements and what was brought on table by both parties were looked into and came to an agreement.
“So, for now, we are waiting for the Court of Arbitration to tell us when what we agreed upon can be presented and once it is done then we shall start operating,” he said.
Ndhlovu stated that once the Court of Arbitration cleared the two parties, then the investor would take over the operations of KCM.
The investor and ZCCM-IH, he explained, were now looking forward to see to it that the court expedited the process so that the matter at hand could be finalised.
Ndhlovu assured the public that once the investor took full control of the mine, things would change.
“The investor will inject more resources to revamp the operations so that the mine can start contributing massively to the economy,” he said.
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