Shamenda Backtracks on KCM Expropriation

Labour and Social Security Minister Fackson Shamenda said has said that when Government made the statement that they are able to run the mines, he did not mean that Government want to nationalize KCM.

Speaking in a interview, Mr Shamenda explained that when government said it cannot fail to run the mines it did not mean that it would take over the operations of KCM.

“If government says it cannot fail to run the mines, it does not mean that we want to go back to nationalization, what it means is that government is capable of finding other investors who can take over the running of these mines,” Mr Shamenda explained.

Government says laying off workers at Konkola Copper Mines (KCM) should be the last option as it is still dialoguing with management and union leaders at the mine.

Mr Shamenda said that that decisions to lay-off workers in companies being run by investors in the country should be the last option.

Mr Shamenda said government was open to investors and wants to help them so that jobs for the majority Zambians are maintained.

He said laying off over 2000 workers is a large number adding that in some countries the number of miners KCM wants to lay off would be an entire workforce at a mine.

He said those that have invested in the country should ensure that jobs are maintained and created saying shedding off workers should be the last option.

Mr Shamenda said government would ensure that there is a win-win situation between the investors and the government for the betterment of the people of Zambia.

Source: Lusaka Times

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