Orla starts earth moving at Camino Rojo gold project in Mexico . 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. Read all news including political news, current affairs and news headlines online on Konkola Copper Mines … MEDIA STATEMENTS View all. “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. 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. 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. Zambia, in taking that action, accused Vedanta of breaching its license. 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. Lundin reaches agreements with unions at Candelaria copper mine . Zambia: Pollution of Kafue River by Konkola Copper Mines leads to serious water shortage in the region. 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. "Take Me Back": A Carton Recycling Program In Chennai. It will easily be another year or two," said Tom Albanese. BLOOMBERG Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire 2020-11-13. 3 days. 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. ZCCM-IH plans to appeal the ruling. Find Konkola Latest News, Videos & Pictures on Konkola and see latest updates, news, information from NDTV.COM. Legal arguments over the case have been heard in both Zambia and South Africa. 3 days. REUTERS Vedanta wins Zambian appeal in Konkola Copper Mines case 2020-11-20. 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. KCM … "It is going to take some time for the new supply in oil, iron ore and copper to get absorbed in the market. 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 A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a … 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. Guy Scott visited the facilities of Vedanta Group company Hindustan Zinc, one of largest integrated zinc producer. NEWS DIGGERS Milingo should comply with Court of Appeal’s decision – Sinkamba 2020-11-23. (Adds statement from Vedanta) By Chris Mfula. ZCCM-IH did not immediately reply to a request for comment. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. Firefinch reports first gold pour at Morila mine in Mali . ZCCM Investments Holdings, a … 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. 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. MCA unveils plans to aid development of Australia’s future workforce . When asked whether the creation of KCM subsidiaries by Provisional … Get all the latest news and updates on Konkola Copper Mines only on News18.com. 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. Vedanta Resources has appointed Tom Albanese, former Chief Executive of Rio Tinto, as chairman of its subsidiary Vedanta Resources Holdings Ltd. NEWS DIGGERS Proposed date for commencement of KCM arbitration is in Nov 2021 – Musukwa 2020-11-27. Latest News. Reuters. Company Profile. Load More. 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. Latest News. [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.] Get the latest copper investment news, stock reports, prices and learn about the best companies and projects in the copper investment space. Watch Live. 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. ................................ Advertisement ................................ 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