konkola copper mines news

Zambia, Legal arguments over the case have been heard in both Zambia Dr Chilufya says this is out of the 99 tests carried out in the last 24 hours. ordered a halt to liquidation proceedings. Vedanta is a good corporate citizen and is committed to making a positive 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 … Ms Tonga added that if all stakeholders could emulate KCM by partnering with government, the deadly disease can be contained. A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a … The imported concentrates are required for smelter and blending operations. 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. ZCCM-IH did not immediately reply to a request for comment. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore … owned by Vedanta and Zambia's state mining arm ZCCM-IH. President Edgar Lungu has ordered the immediate recruitment of 4 -hundred doctors and 3 thousand paramedics to fight the Covid-19 pandemic in Zambia. A two-hour power outage at Konkola Copper Mines on Monday caused flooding at Shaft One in Chililabombwe, leaving 28 miners trapped underground before power was restored. Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. Find Konkola Copper Latest News, Videos & Pictures on Konkola Copper and see latest updates, news, information from NDTV.COM. We operate across the following core business sectors;Zinc-Lead-Silver,Copper,Aluminium,Iron ore and Energy, with operations located in geographies spanning India,Australia,Zambia,South Africa, Namibia and Ireland. The decision to go to arbitration will prove to be a costly mistake for the country. will fight any attempt by the Zambian government to sell its The protracted legal fight with Zambia began in May 2019, in taking that action, accused Vedanta of breaching its license. Konkola Copper Mines (KCM) business to third parties. “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. 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. And Mateyo has expressed confidence that the rise in copper prices could spur investment in the Zambian mining industry. Mining Assets. 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. Zambia is Africa’s second-largest copper producer, with copper mining accounting for around 70% of foreign currency earnings, said Reuters. According to the global miner’s latest preliminary market report released this weekend, KCM recorded a … mining group Vedanta Resources said on Thursday it ZCCM-IH plans to London; Editing by Bill Berkrot), Analytical Charts - Jim unlawful act, Vedanta said, because a Zambian court last month And Chingola District Commissioner Agnes Tonga, who toured the facility, has thanked KCM for supplementing government’s efforts in fighting COVID 19. appeal the ruling. The delays are caused through some banks’ internal arrangements including the inward and outward clearing of cheques are … Read More » necessary steps" to safeguard its interests in KCM. 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. He explained that additionally, KCM has also put up activities to sensitise workers on precautionary measures to combat the further spread of the coronavirus. Dr Chilufya was speaking during the Covid-19 press briefing in LUSAKA today. Enter your email address to subscribe to this blog and receive notifications of new posts by email. [citation needed]Operations. KONKOLA Copper Mines Plc ceased to be a member of the Zambia Chamber of Mines because the mining company stopped paying the required subscription fees, says Chamber president Goodwell Mateyo. 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 … 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. Read more. 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), a subsidiary of Vedanta Resources, has stopped operations at its Nchanga mine in Zambia due to import duties on copper concentrates. Engineering Service. Wikipedia. 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. Any potential buyer of the KCM assets would be party to an 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. The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambia's state mining arm ZCCM-IH. 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. Konkola Copper Mines. In a statement responding to "rumours" that a Zambia He said the facility, which was an outpatient department for the mining firm, will be used as a quarantine centre for COVID 19 suspected cases in a bid to fight the pandemic. 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. 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. Explore more on Konkola Copper. JOHANNESBURG (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. government-appointed provisional liquidator is set to split KCM 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. 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 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. (Reporting by Helen Reid in Johannesburg and Zandi Shabalala in Konkola Copper Mines, alleging the unit lied about expansion plans and cheated on taxes. Konkola Copper Mines. Chingola Agent's for Houses to Rent,sell and buy. when Lusaka appointed a liquidator for KCM, which is jointly 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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