{"id":13353,"date":"2022-01-08T22:05:49","date_gmt":"2022-01-08T22:05:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians"},"modified":"2022-01-08T22:23:47","modified_gmt":"2022-01-08T22:23:47","slug":"announcement-of-sale-of-kcm-a-betrayal-to-zambians","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians","title":{"rendered":"Announcement Of Sale Of KCM A Betrayal To Zambians"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>Social Anthropologist Dr. James Musonda has described as disappointing, regrettable and a betrayal of Zambians, government\u2019s recent announcement that Konkola Copper Mines-KCM- is for sale.<\/p>\n<p>Dr. Musonda says this confirms suspicions that government simply wanted to assess the public sentiment before announcing the privatization of KCM and that Mopani and the gold mines are next on government\u2019s privatization agenda.<\/p>\n<p>He tells Phoenix News that with both the UPND manifesto and the 2022 budget both having no interest and capacity to run the mines, the privatization of KCM is unsurprising following the impending IMF loan to Zambia, preceded by the tax incentives to attract foreign direct investment in the mining sector at the expense of jobs, workers \u2018welfare, taxes, and the environment.<\/p>\n<p>Dr. Musonda adds that the UPND will be ill advised to privatize KCM and Mopani especially if this was a requirement for the IMF bailout, as it would mean that government has sacrificed its own people for privatization which previously saw over $13 billion invested between 2000 and 2015 without benefit to the Zambian people.<\/p>\n<p>And Mine-Workers Union of Zambia -MUZ- President Joseph Chewe has reiterated the Labour movement\u2019s resolve against privatizing Mopani and KCM and has challenged government to find the $500 million investment needed for the latter and the $300 million needed for the former to become operational and profitable without engaging foreign investors.<\/p>\n<p>Mines and Minerals Development Minister, Paul Kabuswe recently said that the UPND government will find a competent investor, to take over KCM on the Copperbelt once the liquidation process of the mine comes to an end.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Social Anthropologist Dr. James Musonda has described as disappointing, regrettable and a betrayal of Zambians, government\u2019s recent announcement that Konkola Copper Mines-KCM- is for sale. Dr. Musonda says this confirms suspicions that government simply wanted to assess the public sentiment before announcing the privatization of KCM and that Mopani and the gold [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":13352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-13353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Announcement Of Sale Of KCM A Betrayal To Zambians - Zambia<\/title>\n<meta name=\"description\" content=\"Social Anthropologist Dr. James Musonda has described as disappointing, regrettable and a betrayal of Zambians, governme ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcement Of Sale Of KCM A Betrayal To Zambians\" \/>\n<meta property=\"og:description\" content=\"Social Anthropologist Dr. James Musonda has described as disappointing, regrettable and a betrayal of Zambians, governme ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-08T22:05:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-08T22:23:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/01\/img-61da0ed082fe6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"537\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Announcement Of Sale Of KCM A Betrayal To Zambians\",\"datePublished\":\"2022-01-08T22:05:49+00:00\",\"dateModified\":\"2022-01-08T22:23:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\"},\"wordCount\":281,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/01\/img-61da0ed082fe6.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/announcement-of-sale-of-kcm-a-betrayal-to-zambians\",\"name\":\"Announcement Of Sale Of KCM A Betrayal To Zambians - 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