KCM is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. It is the only mining company in the country that has operations in four locations, including Chingola, Chililabombwe, Nampundwe and Kitwe, playing a key role in the communities around these mining areas.

Mining

KCM has open pit and underground mines at Nchanga and Konkola. The largest of the mine assets, Konkola, is the most northerly of the Copperbelt mines and is located 26 kilometres from Chingola. The mine has three operating shafts – Shaft No. 4, Shaft No. 3 and Shaft No. 1. Sinking of the No. 4 Shaft reached its desired depth of 1,500 metres in 2012. The mid-shaft loading was completed in April 2010 and bottom shaft loading was commissioned in 2012.

Nchanga assets comprise open pit and underground mining operations. KCM’s mining operations are heavily mechanized using surface drilling techniques, electric shovel loading and dump trucks.

KCM Contact Details

Konkola Copper Mines Plc
Private Bag KCM (C) 2000, Fern Avenue
Chingola, Zambia
Phone: +260 212 350604
Fax: +260 212 351225
www.kcm.co.zm
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Processing

The company has three concentrators, two at Nchanga and one at Konkola. The two Nchanga concentrators (East mill and West mill) were recently modernized. A new concentrator was commissioned at Konkola in 2008.

The Nchanga smelter was commissioned in 2008, incorporating technology from Outotec, Finland. The smelter processes ore from Konkola, Nchanga and other third party concentrates and it has a capacity of 311,000t pa. The smelter has met global benchmark environmental performance as it captures 99.6% of sulphur emissions. The main refinery at Nkana uses electrolysis to process copper anodes to LME A grade copper cathodes. It has been expanded to accommodate the increased anode production from the Nchanga smelter.

The Nchanga Tailings Leach Plant (TLP), one of the largest of its kind in the world, processes tailings from the Nchanga concentrators…

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Corporate Social Responsibility

The company operates two hospitals and eight satellite clinics. KCM also runs two schools with about 2,200 pupils. The company’s education interventions comprise providing scholarships for A-level graduates from its Konkola and Nchanga Trust Schools to study in mainly mining related fields at local and foreign universities.

KCM has one of the largest malaria roll-back programmes in Zambia. It has rolled-out several community health initiatives that include the distribution of 23,000 free eye glasses, providing artificial limbs and undertaking eye cataract operations. The company is also involved in the sponsorship of three football teams in the top Zambian soccer leagues.

KCM is committed to the development of the local communities through various income generating projects. The company has also contributed to various infrastructure development initiatives including the development of road infrastructure and construction of boreholes for local communities.

Extract from 2018 annual report

Konkola Copper Mines (KCM) reported total revenue of K12,251.43 million (US$1,283.0 million) for the financial year ended 31st March 2018 [(2017:K8,621.47 million (US$874.3 million)]. The increase in revenue was attributed to higher metal prices and increased sales volumes. The net loss for the year was at K1,102 million (US$115.4 million) [(2017: K1,367.72 (US$138.7 million loss)].

Total finished copper production during the financial year increased by 9 percent to 195,300 tonnes for the year ending March 2018 (2017: 179 800 tonnes) compared to the previous financial year.

During the year under review, KCM mine metal production volumes remained subdued as lower feed grades and lower copper recoveries at the Tailings Leach Plant offset improvements in production output at both Nchanga and Konkola.

Moving forward, KCM’s strategy continues to be underpinned by vigorously pursuing higher operating productivity levels at the Konkola underground mine, improving recoveries at the Tailings Leach Plant facility, increasing utilisation of the smelter and cost containment.

There were no dividends declared during the year under review (2017: Nil).

Extract from 2017 annual report

Konkola Copper Mines (KCM) reported total revenue of K8,621.47 million (US$874.3 million) for the financial
year ended 31st March 2017 (2016: K9,607.04 million (US$972.5 million). The reduction in revenue was attributed to lower metal prices through a large part of the financial year, with copper prices surging upwards in the latter quarter thereof. The net loss for the year was at K1,367.72 million (US$138.7 million) (2016: K3,685.75 million (US$373.1 million loss).

Total finished copper production during the financial year was marginally down 1.1% to 180 000 tonnes for the year ended March 2017 (2016: 182 000) compared to the previous financial year.

During the year under review, KCM production volumes were constrained due to the Nchanga Underground Mine being placed under care and maintenance on the tail end of the previous financial year and lower equipment availability across other operating units.

Moving forward, KCM’s strategy continues to be underpinned by vigorously pursuing higher operating productivity levels at the Konkola underground mine, more reliable TLP facility with potential to increase recoveries, increased usage of the smelter by processing third-party concentrates from Zambia and DRC, and improved cost cutting measures.

There were no dividends declared during the year under review (2016: Nil).

Copper

Extracting value from tier one assets by improving efficiencies and operations.