KONKOLA RESULTS
April 1st, 2003
BY RICHARD HURSTZAMBIA'S Konkola Copper Mines (KCM) has posted a consolidated loss of US$159-million for the 2002 financial year which saw the exit of its key shareholder, the diversified mining giant Anglo American.Barry Ireton, KCM chairman, blamed the loss on a continued depressed metal price during the year and a write off, (naming it a "negative impairment adjustment"), of US$104-million, about which he would not give details.Looking ahead, he said: "I am confident, however, that we will continue to make progress in the year ahead and that the company will ...
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