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Annual Report Summaries, Investee Companies

Konkola Copper Mines Plc (KCM) Extract from 2022 Annual Report

KCM’s challenges continued during the year as the fundamental problems surrounding the underdevelopment of the Konkola Deep Mining Project (KDMP) remained unresolved, resulting in the Company reporting low production from own sources and therefore having to rely on third-party copper concentrates to feed its Smelter. As a result, finished copper production was also negatively impacted.  

Due to the legal circumstances surrounding the mine, KCM continued to be under the control of the Provisional Liquidator.  

There were no dividends declared during the year under review (2021: Nil).  

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