As a liquidator you’re also just a nuisance. The Bank of Zambia has purchased 47 kilograms of Gold from the Zambia Gold Company Limited, under ZCCM Investments Holdings. That is all we care about. It requires a little intelligence – if a little is all one has – to realise that placing Konkola Copper Mines under provisional liquidation will lead to series of problems, including new ones. “I therefore urge all employees to continue working normally, safely and remain steadfast in the pursuit to make KCM a great organization. DR Fred M’membe says the placement of Konkola Copper Mines under provisional liquidation is a scheme by a clueless clique in leadership of the country to loot the assets. A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a … Mr Lungu said he retains the full powers as granted by the High Court of Zambia on May 21, 2019. Zambia accused Vedanta of breaching the terms of its licence. Stalking the penalty box like his nickn... By CHINOYI CHIPULU NANCY SIAME, Lusaka LIQUIDATION proceedings involving Konkola Copper Mines (KCM) should be stayed to allow the parties to proceed to arbitration, the Court of Appeal has ordered. Provisional Liquidator Milingo said that the Court of Appeal has not discharged the Provisional Liquidator. 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. By Mukosha Funga, 29th May 2019. With copper rallying over 76% (from March lows of $4,343 a metric ton) when supply chains bore the brunt of disease pandemic globally, to flirting with highs of $8,000 a metric ton, levels not seen in Share this article: Share Tweet Share Share Share Email Share. Your pf cadres have started looting the scrap metals at Konkola and Chingola concentrators. The KCM Executive Management Committee remains accountable to the Provisional Liquidator. 22 December 2020 | 153Kb. A-21-year-old man of Kalomo who made... KCM miners being used like pawns in a chess game, – ’, Expedite disposing off KCM litigation case-MUZ, KCM Liquidator demands for apology from Diggers, Lungu asked to relieve Kampyongo, Kanganja, Senior Army Officer kills Dr Tasila Tembo-Pitters, Stone Nyirenda – The goal scoring machine. (Agence Ecofin) - Nouvelle victoire pour Vedanta en Zambie. Local. By Mwaka Ndawa on December 4, 2019. Central Bank Governor Christopher Mvunga... Government has embarked on a robust countrywide exercise aimed at revamping resettlement schemes under the Resettlement Infrastructure Investment and Enterprise Support (ARIISE) programme in... Lusaka based Economist Trevor Hambayi says delays by government to reconstruct the gutted City market in Lusaka is an affront to the growth of... KCM to Appeal to the Supreme Court the decision to stay liquidation... HH Swindled Zambia, He can’t be President and I’m Ready to Prove it in Court-Sean Tembo, Don’t Expect Change in Load shedding, Energy Minister warns Zambians, Chiyangi Laments Another Eagles Continental Exit, Zesco Shows Faith in Kapumbu and Donashano, We are Safe Despite Going Down 3-1 to PF in Our Strongholds, UPND Political Strategist Assures Members, All of a sudden the PF have so much money to throw around to the Zambian voters, 57 year old late former Cabinet Minister put to rest, BoZ’s Purchase of Gold will help Zambia Further Build Gold Reserves, The ARIISE Project will stimulate Economic Recovery-Wina, Delays to reconstruct City Market three years on disappoints Economist Hambayi. Our mission is to independently and objectively give our readers factual and balanced news that will help in good governance, democratization, policy making and implementation, transparency, justice dispensation and productivity. Konkola Copper Mines (PLC) ... 20,6 % : par ZCCM Investments Holdings PLC Zambia Consolidated Copper Mines Limited - Investments Holdings (226 327 559 titres avec droits de votes + 12 000 000 titres sans droits de votes). “I therefore, urge all employees to continue working normally, safely and remain steadfast in the pursuit to make KCM a great organization. You’re not welcome. Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it … “We shall definitely appeal to the Supreme. Last week, a Zambian court ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow Vedanta and ZCCM-IH, which owns 20% of the operation, to proceed to arbitration. 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. MEDIA STATEMENTS View all. Mr Lungu was also given powers to defend any action or other legal proceedings in the name and or on behalf of the Respondent. By JOHN SAKALA 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. 2 Min Read. Our stakeholders should also remain calm as we continue to work together towards a common goal of increased safe production,” he said. The Independent Observer is a product of Valour Media Limited a fully registered media house in Zambia. Trying to make a quick killing fir your pockets won’t do. Vedanta-Konkola liquidation case adjourned to June 4-lawyer. Our stakeholders should also remain calm as we continue to work towards a common goal safely and increased production,” he said. He said that the … Your coming has just worsened the situation, whose interests are you serving? May someone correct me, but is the Court of Appeal not at par with both the Supreme Court and Constitutional Courts? Alors qu’une récente décision de justice lui imposait de suspendre momentanément la liquidation des actifs de Konkola Copper Mines, filiale de la compagnie britannique, le gouvernement a décidé de faire appel. La justice a débouté en appel le gouvernement, en suspendant la liquidation de la filiale locale du géant minier. Last week, a Zambian court ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow Vedanta and ZCCM-IH, which owns 20% of the operation, to proceed to arbitration. BLOOMBERG Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire 2020-11-13. LUSAKA (Reuters) - A Zambian court on Friday ordered a stay on liquidation proceedings for Konkola Copper Mines (KCM) to allow owner Vedanta and state mining investment company ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement. This follows ZCCM Investment Holdings PLC ‘s petition to the Lusaka High Court to to place KCM under liquidation in line with corporate insolvency laws of Zambia. Look I never went to Law school but even I recognise that a Stay simply means ba Liquidator your authority is terminated. Lusaka — A Zambian court has dismissed an application by Vedanta to stay the liquidation of its Konkola Copper Mines (KCM) unit, and set the hearing for a winding-up petition on Augusut 27. How else do u get to 2021 without having 2020 in btwn? Siliya, the information and broadcasting minister, said government was very confident that other investors would take over the running of KCM despite Vedanta insinuating that the move to liquidate … Our philosophy is ‘Good we commend, Bad we Condemn.’, Puma Building Kabundi Road “Vedanta Resources Limited notes the media statement issued on 13th November 2019 by Mr Milingo Lungu, the court-appointed Provisional Liquidator of Konkola Copper Mines (KCM). Good to see disputes being settled in the rights channels of the law. That mine has been the lifeline of Chingola for close to 100yrs. Vedanta wins Zambian appeal in Konkola Copper Mines case 2020-11-20. Chewe said the mine unions are having difficulties to explain to its members over the future of Konkola Copper Mine. Pour arriver à … He is a thief now suing the Ndola courts. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. So how come in your desperation you want to appeal to a Court of same status?? According to the order filed by the ZCCM, the liquidator had been given powers to carry assets of KCM. Vedanta is concerned at the way in which some of the points were presented by Mr Lungu – and wishes to set the record straight. Zambian court stops KCM liquidation November 24, 2020 November 25, 2020 admin 0 Comments Copper, Konkola Copper Mines, Vedanta, ZCCM-IH. A court hearing between Vedanta, its Konkola Copper Mines business (KCM) and the Zambian government over control of KCM, was adjourned on Friday until June 4, a … Milingo Lungu and the other robbed The Post Newspaper should be in jail by now, but who can arrest them? 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