By Chileshe Mwango
Opposition National Democratic Congress –NDC- leader Chishimba Kambwili has described the move taken by government to place Konkola Copper Mines under liquidation as a disastrous and extreme move which should have waited.
Speaking when he featured on Wednesday’s edition of “the pulse” on the Phoenix Breakfast Show, Mr. Kambwili says KCM should have just been compelled to settle its debt as it has the capacity to pay.
Mr. Kambwili further said the liquidation of KCM does not give hope to mine workers on the possibility of them getting their dues saying past incidents at both Luanshya Copper Mines and Mamba Coal are a clear testimony of how workers suffer when the company is put under liquidation.
The NDC leader has warned that the liquidation of KCM may result in the mining firm being sold at a cheap price to another investor as it may be undervalued due to current developments at the firm.
Yesterday, the Lusaka High Court appointed Milingo Lungu of messes Lungu Simwanza and Company as provincial liquidator for KCM following an application by ZCCM–IH.