RETURNING VEDANTA BACK TO KCM WILL BE A NATIONAL DISGRACE ON US – SILAVWE
January 24, 2023
We would like to differ with the Minister of Mines Honourable Paul Kabuswe and the 3 three mining unions, MUZ, NUMAW and UMUZ on returning Vedanta back to KCM. Vedanta’s return will be a serious indictment on our collective National thinking or the lack of it.
KCM under Vedanta only benefited the owner Mr. Agarwal and his business associates. No wonder he boasted on video that KCM had been giving him $500 million every year in profit, plus an extra $1 billion since 2003 and YET KCM WAS DECLARING LOSSES TO THE ZAMBIAN GOVERNMENT.
We know that President Hichilema and his administration lack any IMPETUS to return ZAMBIAN OWNERSHIP IN ANY MINE AND RUN IT PROFITABLY, THE LEAST THEY CAN DO IS LOOK FOR A “NEW INVESTOR” that will come and LOOT our resources again in the name of providing jobs to locals and pay contractors.
Only corrupt, inept, puppets of foreign business interests and self serving individuals and Government can talk about returning Vedanta back to KCM. By all accounts, Vedanta failed to run KCM for the benefit of the Zambian people.
No matter the grand public public relations (PR) stunts and secret exchange of dollars to politically exposed person’s, returning Mr. Agarwal and his Vedanta will be a huge disgrace to our Nation period.
Silavwe Jackson
President
Golden Party of Zambia
*(GPZ).