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KCM Mockery of Zambians Unsurprising

KCMOpposition Zambians for Empowerment and Development says it is not surprising that Vedanta Resources owner Anil Agarwal mocked Zambians for the cheap price they sold his enterprise the Konkola Copper Mines.

Mutesa said Zambians who opposed the sale of Konkola Copper Mines at US$25 million had been vindicated.

He said the Vedanta boss should be applauded for revealing the truth about how investors perceived Zambians.

“We are not surprised because if you go to the archives when this transaction was done, many people criticized it and we were among those, and therefore this revelation does not come as a surprise to us,” Mutesa said.

“But what is disheartening is the amount of money involved when our nation is begging. This is wrong. If government has this information, what are they going to do about it? This is a company that has been holding officials to ransom by threatening redundancy.”

Konkola Copper Mines has come under the spotlight after Agarwal was captured on camera mocking Zambians for selling him the mine at US$25 million while he raked US$500 million every year.

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