Zambian president pledges to dissolve KCM

Zambian President, Edgar Lungu, on Tuesday, pledged to dissolve KCM, the country’s largest copper producer, in a deepening dispute with foreign mining companies over tax and employment. KCM is owned by London-based Vedanta Resources, with the state-owned ZCCM-IH as a minority shareholder. Lungu has targeted the mining sector to generate tax revenue as Zambia struggles […]