Mr Shachinda told ZANIS that the funds released will be used to ensure that the facility has all the supplies needed. Any potential buyer of the KCM assets would be party to an will fight any attempt by the Zambian government to sell its LUSAKA, Nov 20 (Reuters) – A Zambian court on Friday ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement. Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has stopped operations at its Nchanga mine in Zambia due to import duties on copper concentrates. The protracted legal fight with Zambia began in May 2019, KCM currently produces 2 million tons of copper ore per year. Zambian Judiciary warns against discussing Konkola Copper Mines (KCM) liquidation case June 12, 2020 June 13, 2020 arnbethnic The Zambian Judiciary has issued a warning to the public against making running commentaries on a matter where ZCCM-IH has instituted winding-up proceedings against Konkola Copper Mines Plc. mining group Vedanta Resources said on Thursday it Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. government-appointed provisional liquidator is set to split KCM Ms Tonga added that if all stakeholders could emulate KCM by partnering with government, the deadly disease can be contained. LUSAKA: A Zambian court on Friday ordered a halt to liquidation proceedings for Konkola Copper Mines ( KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement. owned by Vedanta and Zambia's state mining arm ZCCM-IH. JOHANNESBURG, Dec 10 (Reuters) - Indian-based metals and ordered a halt to liquidation proceedings. Enter your email address to subscribe to this blog and receive notifications of new posts by email. unlawful act, Vedanta said, because a Zambian court last month Konkola Copper Mines, alleging the unit lied about expansion plans and cheated on taxes. INTERNATIONAL - Zambia’s Konkola Copper Mines (KCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a … Zambia: Government to strip Vedanta subsidiary Konkola Copper Mines of mining license over alleged license breaches Author: Chris Mfula, Reuters, Published on: 20 May 2019 "Zambia seeks 'divorce' from Vedanta over alleged mining breaches", 20 May 2019. The country is currently embroiled in a legal dispute with Vedanta Resources over ownership of Konkola Copper Mines in which ZCCM-IH, a state-owned company, has a 20.6% stake. Konkola Copper Mines (KCM) has set aside K1.2 million for stocking all consumables and supplies that will be used in the fight against coronavirus at Nchanga South Clinic which the mining company has surrendered to government as a quarantine centre for a suspected case of the deadly virus. “The Minister of Mines further asserts that there are companies waiting to buy Konkola Copper Mines Ltd. All these statements are demonstrably false. Zambia: Government to strip Vedanta subsidiary Konkola Copper Mines of mining license over alleged license breaches Content type: Article Date: 20 May 2019; Konkola Copper Mines Negligence Blamed for Kafue River Pollution [Zambia] Content type: Article Date: 15 Nov 2006 (Reporting by Helen Reid in Johannesburg and Zandi Shabalala in Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. when Lusaka appointed a liquidator for KCM, which is jointly Konkola Copper Mines (KCM) business to third parties. Chingola Agent's for Houses to Rent,sell and buy. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. [citation needed]Operations. The decision to go to arbitration will prove to be a costly mistake for the country. Wikipedia. Explore more on Konkola Copper. Konkola Copper Mines. Indian-based metals and mining group Vedanta Resources said Thursday it would fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Published: 26 August 2019 There has been vigorous debate about Zambia’s proposed migration from the Value Added Tax (VAT) system to a Sales Tax since it was first announced in September 2018. KCM acting General Manager Corporate Affairs Shapi Shachinda said the mining firm has decided to offer the facility to government during this period until the COVID 19 cases are over. “Konkola Copper Mines plc (KCM) regrets to announce the death of Konkola Blades Football Club Chairman Bernard Mwanza on Thursday, 16th April 2020 after a short illness. President Edgar Lungu has ordered the immediate recruitment of 4 -hundred doctors and 3 thousand paramedics to fight the Covid-19 pandemic in Zambia. in taking that action, accused Vedanta of breaching its license. A Zambian court on Friday ordered a stay on liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to … Konkola Copper Mines Joins the fight against coronavirus, In other news – President Edgar Lungu orders for immediate recruitment of Health Personnel, KCM acting General Manager Corporate Affairs, President Edgar Lungu orders for immediate recruitment of Health Personnel, All Covid 19 donations will go to vulnerable People, Uproar over convicted Dudley Fichite’s attachment to Prison Leopards F.C, Kabwe deputy mayor Billy Sichamba tests positive for COVID-19, Renowned Clergyman Prophet Isaac’s prophecy on the upcoming elections leaves President Lungu in panic mode, Shock as Solwezi close cousins tie the knot, COVID-19 positive Japhen Mwakalombe, last seen with Mutale Mwanza at Zacharia Chavula’s funeral – Photo, Copperbelt Minister Japhen Mwakalombe tests positive for COVID-19, Kembe MP Princess Kasune Zulu pens a touching message as she turns 45, Ministers who fail to pay back set to be banned from 2021 polls, Zesco boss in hot soup as side chick leaks his n#des, President Lungu allegedly planning on imposing tougher lockdown conditions. He explained that additionally, KCM has also put up activities to sensitise workers on precautionary measures to combat the further spread of the coronavirus. Konkola Copper Mines is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. LOW copper output at its Zambian unit Konkola Copper Mines (KCM) in Chingola has cost Vedanta Resources an 8.5 per cent drop in annual copper earnings on the global market. Peter Hug, Gold continues its ascent to higher pricing, Gold SWOT: a banner year for gold bullion and gold mining stocks, Tuesday's Forex Analytical Charts, January 5, Tuesday's Charts for Gold, Silver and Platinum and Palladium, Jan. 5. JOHANNESBURG, Dec 10 (Reuters) - Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Konkola Copper Mines (KCM) has set aside K1.2 million for stocking all consumables and supplies that will be used in the fight against coronavirus at Nchanga South Clinic which the mining company has surrendered to government as a quarantine centre for a suspected case of the deadly virus. Konkola Copper Mines informs that the 20-year Power Supply Agreement (PSA) between CEC and KCM expired on 31st March 2020, and was extended by mutual agreement to … Zambia, Konkola Copper Mines, a unit of Vedanta Resources Plc, has cited challenges faced by some commercial banks in Zambia as reason for delays in paying its workers monthly wages, local media reported. But Konkola Copper Mines (KCM) Provisional Liquidator Milingo Lungu has explained that immediately after the incident happened, emergency protocol procedures were effected, adding that no fatalities or damage to … into two units and sell them, Vedanta said it would take "all In a statement responding to "rumours" that a Zambia The delays are caused through some banks’ internal arrangements including the inward and outward clearing of cheques are … Read More » The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore … And Health Minister Dr Chilufya says Zambia has not recorded a new case of Covid-19 in the last 24 hours. Wyckoff, Gold and silver move slightly lower heading into the EU open, Dollar squeezed as Georgia counts crucial Senate votes, Conic reports Ramu exceeded its production capacity in 2020, What happens to gold after Georgia Runoffs? 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