Dr Scott explained that Government wanted to ensure
Dr Scott informed the House that it was important for it to know that KCM had liabilities in excess of
He said KCM had not paid its creditors who included banks and other mining companies that were supplying it with concentrates hence affecting their production as well.
"Something has been happening at KCM, money has been leaving the country. It is very sad that KCM is heading towards a situation of bankruptcy and their liabilities will have to be taken over by the Government of
He was responding to a question asked by PF Bwacha Member of Parliament Sydney Mushanga, who wanted to find out what Government was doing about the problems that had rocked KCM. This was during the vice-president's question and answer session in Parliament yesterday.
"It's a large issue and a matter of billions of dollars that the country stands to lose if we don't stand up together," he said.
He said Government had since ordered the Ministries of Finance and Mines to issue a statement and give advice to the Government on the way forward with regard to KCM.
Earlier, answering a question from UPND Namwala MP Moono Lubezhi who wanted to find out the vice-president's position on opposition MPs crossing the floor to work with other parties, Dr Scott said PF welcomed opposition MPs who wanted to work with it especially if their parties had allowed them but if not, the parties were free to expel them.
UPND Bweengwa MP, Highvie Hamududu wanted to find out what Government was doing about the poor performance of councils in the country and Dr Scott said Government was formulating policies that would assist improve the performance of councils.
And responding to MMD Sikongo MP,
UPND Mazabuka central MP,
Dr Scott said Government was targeting cash transfers in rural areas.
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