President Sata threatens to revoke KCM license…will not allow them to fire even 1 one worker

Sata's cabinet meetingPresident Michael Sata has threatened to revoke Konkola Copper Mines (KCM) mining license if the mining giant proceeds with it’s plans to lay off 1,500 workers.

And President Sata has directed Finance Minister Alexander Chikwanda to increase revenue collection from mining sector.

Speaking when he opened a Cabinet meeting at State House this morning, November 4, 2013, President Sata said his government will not even allow KCM to lay off not even one Worker. He said his government will revoke the license for KCM if the Copper Mining Firm dares government with it’s plans.

The Zambian Leader has since warned the Chief Executive Officer for KCM Kishore Kumar against exploiting Zambians. President Sata said his government is aware that KCM wants to use blackmail following the revocation of SI 89 which government has revoked.

“These mining companies want to be exporting Copper concentrates to avoid paying taxes. Mr Shamenda, please go and tell Mr Kumar that we will take away his license if he lays off even one worker, then we will take away his license from him, that’s the easy way of we laying him off,” President Sata warned.

KCM last week announced that it was with immidiate effect laying off over 1, 529 Miners in line with its continued restructuring of operations.