By JOHN SAKALA The Court of Appeal sitting at Ndola on November 20, 2020 delivered a Judgment ordering that Liquidation proceedings at Konkola Copper Mines Plc to be stayed to allow ZCCM Investment Holdings and Vedanta Resources to proceed to arbitration. Provisional Liquidator Milingo said that the Court of Appeal has not discharged the Provisional […]
The judiciary has been challenged to quickly dispose off the court case concerning the liquidation of Konkola Copper Mines (KCM). Mine Workers Union of Zambia (MIZ) President Joseph Chewe said anxiety among employees is growing as they want to know the future of KCM. “Our Judiciary has let us down on this issue of KCM […]
By Staff Writer The Provisional Liquidator (PL) of Konkola Copper Mines (KCM), Milingo Lungu has demanded for an apology from News Diggers. The News Diggers published a story on Monday, September 28, 2020 alleging actions of impropriety by the PL at the company. Mr Lungu said the insinuation that he authorised payment of $1.6 million […]
By JOHN SAKALA Vedanta Resources Holdings Limited advises that both it and its parent, Vedanta Resources Limited are continuing to pursue their rights in respect of Konkola Copper Mines Limited (KCM). The Vedanta group holds an interest of 79.4% in KCM and is the major creditor In Zambia, the court order granted by the Zambian […]
By JOHN SAKALA Nchanga Constituency PF Chairperson Gilly Mwape has eulogised Nchanga Member of Parliament Chali Chilombo for providing leadership when Konkola Copper Mines (KCM) faced problems. Mr Mwape said Chingola and all districts that house KCM are proud of Mr Chilombo for solitary effort in exposing ills of KCM investor. Speaking during the Nchanga […]
By ALICE NACHILEMBE Konkola Copper Mines (KCM) says it will defend its rights against Vedanta injunction restraining the Provisional Liquidator Milingo Lungu from disposing off some assets under its mining licence. KCM acting General Manager Corporate Shapi Shachinda said that the mining firm has leant through various media reports about Vedanta Resources being granted an […]
By ALICE NACHILEMBE Konkola Copper Mines (KCM) contractors are demanding for the progress report on the impasse which has rocked the mine. The contractors feel the disengagement process of Vedanta by the Zambian has stalled thereby bringing panic among the contractors. To show their displeasure the contractors walked to Nchanga Member of Parliament office this […]
By JOHN SAKALA Nchanga Member of Parliament Chali Chilombo has implored government to expedite the sale of Konkola Copper Mines (KCM) so that Chingola can awaken from economic slumber. Speaking during a mini rally at Chilemba market in Kapisha, Mr Chilombo said the economic activities in Chingola evolve around KCM and when KCM goes down, […]
By JOHN SAKALA The Lusaka High Court granted the Board of Konkola Copper Mines (KCM) and Vedanta Resources Holdings Ltd (Vedanta) an injunction order preventing the sale of KCM Mining Right areas by the KCM Provisional Liquidator – Mr Milingo Lungu – to the Defendants. Recently, Vedanta and the KCM Board became aware that the […]
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