By ALICE NACHILEMBE Mines Minister Richard Musukwa says the fiasco about Konkola Copper Mines (KCM) is a subject of the court process. Mr Musukwa said as a government of laws it is inclined to allow the due process of the law to take its course. He said that Vedenta story is an isolated case in […]
President Lungu will not Meet Vedanta Chairman New Delhi, India, 20th August, 2019 State House would like to clarify that his excellency, Dr Edgar Chagwa Lungu will not be meeting the Vedanta chairman, mr anil agarwal or his representatives as he embarks on his state visit here. There has been numerous queries and speculation that […]
By JOHN SAKALA Lusaka High Court Judge Anessie Banda-Bobo has dismissed Vedanta Resources Holdings Limited’s application to stay the winding-up proceedings against Konkola Copper Mines (KCM) and refer parties to arbitration. Justice Banda-Bobo has ruled that the matter is not a proper case to refer the parties to arbitration. [embeddoc url=”https://tiozambia.com/wp-content/uploads/2019/08/Vedanta-application-to-stay-KCM-rejected.pdf” download=”all” viewer=”google”]
By JOHN SAKALA The communities of Chingola and Chililabombwe today staged the anti-Vedanta protest denouncing the company for taking the matter in the South African court when it was claiming to be making losses. Watch the full below on Facebook; The communities matched from 1 Central to the National Assembly office for Nchanga Constituency where […]
Download the judgement rendered in South African Courts between ZCCM-IH and Vedanta the major shareholder of Konkola Copper Mines (KCM).[embeddoc url=”https://tiozambia.com/wp-content/uploads/2019/07/KCM-Judgement-in-SA.pdf” download=”all” viewer=”google”]
By JOHN SAKALA President Edgar Lungu has constituted a team to be led by Kantanshi Constituency Member of Parliament Anthony Mumba to be part of the Konkola Copper Mines negotiating team for the sale of KCM. Mr Mumba will be part of a team that comprises Government, some Members of Parliament, Union and Chamber of […]
By JOHN SAKALA China Nonferrous Metals Company (CNMC) seems to be the bidder that will take over Konkola Copper Mines (KCM). KCM was placed under liquidation after ZCCM-IH had applied in the Zambian High Court to have Milingo Lungu appointed as the Liquidator, the move believed to aim at divorcing the major shareholder Vedanta. CNMC […]
By JOHN SAKALA The Provisional Liquidator (PL) of Konkola Copper Mines Plc (KCM), Milingo Lungu, informs KCM stakeholders that Lusaka High Court Judge Bobo Banda has vacated the initial exparte order she granted limiting some of the powers of the Provisional Liquidator. On June 26, 2019, the High Court had issued an order to restrain […]
The Independent Observer
