konkola copper mines: latest news
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konkola copper mines: latest news

07 Jan konkola copper mines: latest news

Lundin reaches agreements with unions at Candelaria copper mine . Vedanta welcomes South African court decision to block sale of Zambia mines 25 Jul, 2019, 09.18 PM IST Further, the company said it is unable to comment on the process currently underway in Zambian courts. KCM 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. Watch now | India's premier event for web professionals, goes online! The South Gauteng High Court granted Vedanta Resources an urgent interim order blocking minority shareholder Zambia Consolidated Copper Mines. KONKOLA COPPER MINES. And Mateyo has expressed confidence that the rise in copper prices could spur investment in the Zambian mining industry. Orla starts earth moving at Camino Rojo gold project in Mexico . Latest News. JOHANNESBURG - UK-based Vedanta Resources said on Monday it was opposing the liquidation of Konkola Copper Mines (KCM) operations in Zambia. Vedanta Resources has appointed Tom Albanese, former Chief Executive of Rio Tinto, as chairman of its subsidiary Vedanta Resources Holdings Ltd. A Zambian court on Friday ordered a stay on liquidation proceedings for Konkola Copper Mines to allow owner Vedanta and state mining investment company ZCCM-IH to proceed to arbitration, the... | December 29, 2020 3 days. Lundin reaches agreements with unions at Candelaria copper mine . 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. [Full text of the High Court decision ordering Konkola Copper Mines to pay each claimant 4 million kwatchas (today worth US $800) in general damages 1 million kwatches ($200) in punitive damages, a total of $1,000 per claimant and a total of US $2million in damages for the entire group.] The Guixi copper smelter run by Jiangxi Copper Co. in China is currently the world’s biggest, producing 900,000 tons of the metal a year, according to the International Copper Study Group. MCA unveils plans to aid development of Australia’s future workforce . Vedanta Plc has an annual interest outgo of Rs 0.4 billion and since it does not generate any cash of its own, it depends on Vedanta Ltd and Konkola Copper Mines (KCM) to service this interest payment. 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 31st May 2020. Zambia: Pollution of Kafue River by Konkola Copper Mines leads to serious water shortage in the region. 4 days. 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. ................................ Advertisement ................................ Will Fight Any Attempt By Zambia To Sell Konkola Copper Mines: Vedanta, Supreme Court Rejects Vedanta's Plea To Inspect, Operate Closed Sterlite Plant In Tuticorin, Vedanta Group Expresses Interest In Buying Government's Stake In BPCL, Vedanta, Hindalco Among Winners Of Coal Mine Auctions, Ex-TDP Minister Arrested For Allegedly Kidnapping 3 Men Over Land Dispute, WhatsApp's New Terms Won't Let You Opt Out of Sharing Data With Facebook, "No Improvement In Situation At All": Top Court On Farmer-Centre Deadlock, Jet Airways Crisis: Bankruptcy Court Adjourns Hearing On Revival Plan To December 17, How Carlsberg, Sabmiller And United Breweries Fixed Beer Prices In India, No One In India Can Be Branded As Outsider, Says Bengal Governor, Rejected By Mother, This Rare White Tiger Cub Is Being Raised By Humans, Madhya Pradesh Bans Chicken Import From Southern States For 10 Days, 'Kisan Kalyan Mission' Will Double Farmers' Income: Yogi Adityanath, UK Court Denies Bail To Wikileaks Founder Julian Assange, This website follows the DNPA Code of Ethics. 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. When asked whether the creation of KCM subsidiaries by Provisional … (Adds statement from Vedanta) By Chris Mfula. Join financial experts to secure your golden years with early planning. Latest News. 3 days. Axis Bank, Tata Steel, NMDC among 65 stocks look set to rally, suggests MACD, Adani Wilmar halts all Fortune ads featuring Sourav Ganguly, Committed to protect interest of NPS subscribers: Government, Six reasons why SC upheld the clearance to Central Vista project in New Delhi. Let's reshape it today, Hunt for the brightest engineers in India. The Vedanta group has moved closer towards the creation of a mega natural resources company with the High Court of Bombay at Goa approving the creation of Sesa Sterlite. Konkola Copper Mines, alleging the unit lied about expansion plans and cheated on taxes. 3 days. Stocks in the news: HDFC, Larsen & Toubro, JSPL, Sun Pharma and SBI, Supreme Court finds no infirmity in clearances granted to build new Parliament, When Deep Kalra almost sold MakeMyTrip for $10 million, FMCG & pharma stocks can outperform banks for the next 3 years, UK PM Boris Johnson cancels India visit, citing need to oversee virus response, Covid-19 is the X factor in legal battle between wealthy exes. Latest Annual Report Extracts; Latest News; Document Uploads; Profile Brief. BLOOMBERG Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire 2020-11-13. “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. Metal king Anil Agarwal wants to hand over the reins of his $ 14-billion Vedanta Group to a professional chief executive over the next 3-4 years. Konkola Concentrator. Zambia, in taking that action, accused Vedanta of breaching its license. Any potential buyer of the KCM assets would be party to an unlawful act, Vedanta said, because a Zambian court last month ordered a halt to liquidation proceedings. It will easily be another year or two," said Tom Albanese. NDC leader Chishimba Kambwili has accused Konkola Copper Mine (KCM) provisional liquidator Milingo Lungu of transferring K100 million from the company’s bank account and depositing it into his law firm’s account. Track Latest News Live on NDTV.com. "Take Me Back": A Carton Recycling Program In Chennai. The long 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. MEDIA STATEMENTS View all. Get the latest copper investment news, stock reports, prices and learn about the best companies and projects in the copper investment space. Konkola Copper Mines (KCM) is one of Zambia's largest copper producers and one of the largest private sector employers in the country. Guy Scott visited the facilities of Vedanta Group company Hindustan Zinc, one of largest integrated zinc producer. Commenting on the appointment, Vedanta Resources chairman, Anil Agarwal said: ‘’I’m delighted that we have a woman leader from Africa at the helm of our African operations.". Further, the company said it is unable to comment on the process currently underway in Zambian courts. In a statement responding to “rumours” that a Zambia government-appointed provisional liquidator is set to split KCM into two units and sell them, Vedanta said it would take “all necessary steps” to safeguard its interests in KCM. … Read all news including political news, current affairs and news headlines online on Konkola Copper Mines … Watch Live. Read latest news and live updates on Konkola-copper-mines including breaking news on Konkola-copper-mines,Konkola-copper-mines photos,Konkola-copper-mines videos and many more at cnbctv18.com. ZCCM-IH plans to appeal the ruling. The ruling by the Court of Appeal represents a significant win for Vedanta, which is seeking the removal of the liquidator appointed by state mining investment firm ZCCM-IH - which owns 20% of KCM on the government's behalf - to run the company. The vice president of Zambia Dr. Kamoa-Kakula Copper Project Mines and Stockpiles 269,000 Tonnes of Ore from the Kakula and Kansoko Mines in December, at an January 5, 2021, 7:15 AM EST "It is going to take some time for the new supply in oil, iron ore and copper to get absorbed in the market. Get all the latest news and updates on Konkola Copper Mines only on News18.com. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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. The decks have been cleared for the much-delayed merger between Vedanta group companies Sesa Goa and Sterlite Industries, with final regulatory clearance received in the form of approval from the Bombay High Court. Firefinch reports first gold pour at Morila mine in Mali . November 19, 2019. Vedanta had announced plans to retrench over 1,500 staff as mechanisation at its mines of KCM is complete and the company needs to optimise costs. Reuters. ZCCM Investments Holdings, a … Legal arguments over the case have been heard in both Zambia and South Africa. Konkola Copper Mines’ liquidation halted News SIX months have passed since the Zambian government opened court proceedings to liquidate Konkola Copper Mines (KCM), but the firm’s majority shareholder, Vedanta Resources, is none the wiser as to the assets’ fate. A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a … Zambia’s mining firm stops operations on tax concerns . NEWS DIGGERS Proposed date for commencement of KCM arbitration is in Nov 2021 – Musukwa 2020-11-27. Find Konkola Latest News, Videos & Pictures on Konkola and see latest updates, news, information from NDTV.COM. 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. REUTERS Vedanta wins Zambian appeal in Konkola Copper Mines case 2020-11-20. Company Profile. But Lungu has vehemently denied the allegation, calling Kambwili a pathological liar who thrives on misinformation. Konkola Copper Mines (KCM) is one of Zambia's largest copper producers and one of the largest private sector employers in the country. KCM … NEWS DIGGERS Milingo should comply with Court of Appeal’s decision – Sinkamba 2020-11-23. 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. 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. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. As per the government's notification, the States/UTs are being asked to take up surveillance and monitoring of birds, for any signs of ... Is permanent work from home possible in India? Load More. ZCCM-IH did not immediately reply to a request for comment. Tomorrow is different. 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. For reprint rights: Axis Bank is conservative but keen on growth: CEO, WHO expert visit to China under negotiation, India has now 73 Covid cases with the UK strain, D-Mart’s Radhakishan Damani set to acquire 8-acre Thane plot from Mondelez, Invesco India Largecap Fund Direct-Growth, Serum, Bharat Biotech jointly pledge for smooth vaccine roll out. 3 days. ; Profile Brief is unable to comment on the process currently underway in courts. 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