Konkola Copper Mines (KCM), eagerly awaited to commence operations after retaking the mine’s assets from the Zambian government in September last year, has inked agreements with labor unions pinning down several worker benefits.
The agreements, valid for 18 months from 1 June 2024 to 31 December 2025 cover the promised 20% across the board salary raise for unionized workers and other benefits, and is being touted as “a testament to the positive and collaborative relationship of Vedanta’s [KCM’s parent] commitment to fostering positive labor relations.”
It is expected that the collective agreements will motivate and incentivize the workforce to drive KCM’s success and contribute to the growth and development of Zambia’s mining industry.
The five labor unions that are party to the collective agreements are the Mineworkers Union of Zambia, National Union of Miners and Allied Workers, United Mine Workers Union of Zambia, Mine Tailings Association of Zambia, and Mine Auxiliary Workers Union.
KCM is expected to soon pay several creditors after arranging US$250 million pursuant to the recently agreed Schemes of Arrangement.
