Vedanta moves closer to regain control over Konkola Copper Mines
The Indian company has committed to invest $1bn in the assets of Konkola Copper Mines. Vedanta Resources aims to double the annual integrated production of copper to 100,000 tonnes, with the potential to 200,000 tonnes in the medium term. Separately, Konkola Copper Mines has forged a deal with Copperbelt Energy over a …
Konkola Copper Mines Plc | Mining Digital
The Konkola Deep Mine Project (KDMP) started to bring copper ore from its mid-level in 2010 and from the bottom of the shaft in 2014. Now the deep mine is …
Konkola Copper Mines Plc : Quotes, Address, Contact
The state-owned mining company Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) is the other shareholder in KCM, controlling a 20.6% stake in the company. KCM enjoys a strong relationship with the Zambian government and is a committed partner in improving the economic prospects of the country through our …
Government says it has found solutions to challenges at Konkola Copper
The Mines Minister, Paul Kabuswe, has announced that the government has found a solution to the challenges at Konkola Copper Mine-KCM. Kabuswe made this announcement during a public meeting at ...
Zambia agrees to hand disputed copper assets back to Vedanta
Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in KCM through ZCCM-IH, will allow Vedanta to …
Vedanta to take back ownership of Zambian copper mine
The group owned by Anil Agarwal will invest $1bn over five years to revive Konkola Copper Mines as a condition of resuming control of operations in the heart of the southern African nation's ...
Major Mines & Projects | Konkola Mine
2031. The Konkola mine comprises a large underground mine and an on-site concentrator. The Zambian government seized Vedanta's copper assets in 2019. On 6 November 2023, Vedanta Resources and the Zambian government sealed an agreement that restores the ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle.
Times of Zambia | '2023 will be turnaround year for mining'
ZCM chief executive officer Sokwani Chilembo says 2023 will be a turnaround year for the mining industry because of the projects coming on stream and a stable mining policy. Mr Chilembo says although the country may not achieve the projected copper production for 2022, diversity in mining production will boost revenue from the mines …
Billionaire-owned Vedanta seals Zambian copper assets deal
The government, which owns a 20% stake in KCM through ZCCM-IH, said in September it had reached an agreement to allow Vedanta to resume control of the mines and smelter after the company pledged ...
Konkola Copper Mines Plc
Phone: +260-212-358000. Mining Assets. Konkola Copper Mines is Zambia's largest integrated copper producer, with an entire production value chain …
Billionaire-owned Vedanta seals Zambian copper assets deal
Font size: - +. Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company's ownership of Konkola Copper Mines (KCM), ending a protracted ownership ...
KONKOLA COPPER MINES
The Zambian government placed Konkola Copper Mines Plc, 79.4% owned by Vedanta, into provisional liquidation in 2019, and has since been locked in legal battles with the company over the asset. Former President Edgar Lungu accused the company of lying about profits and expansion plans, before declaring "divorce" with Vedanta and …
SAIPAR Case Review
The Minister of Mines further asserts that there are companies waiting to buy Konkola Copper Mines Ltd. All these statements are demonstrably false. The decision to go to arbitration will prove to be a costly mistake for the country. The Government is well advised to engage Konkola Copper Mines Ltd and come to an amicable settlement of the dispute.
Zambia : Zambia is ill prepared to attain 3 million tonnes of copper
In 2021, Kansanshi produced 202,159 tonnes of copper. To get to 3 million tonnes per year in the next 10 years, Zambia has to effectively bring online a new Kansanshi mine every year, that is add ...
Vedanta Resources in advanced stage of deal with Zambia over Konkola
By Bloomberg Jul 17, 2023 5:25:15 AM IST (Published) 2 Min Read. Vedanta Resources, owned by Indian billionaire Anil Agarwal, said it has reached an "advanced stage" of executing agreements with the Zambian government over Konkola Copper Mines Plc assets that have been in provisional liquidation for about four years.
Zambia: Five Largest Underground Mines in 2021
Lubambe Mine in Copperbelt, was the largest underground mine in Zambia, producing approximately 1.47 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) and primarily produced copper (38.98 thousand tonnes) in 2021. The Lubambe Mine is owned by EMR Capital Group;ZCCM Investment Holdings Plc, and is due to operate until 2041. …
The Supreme Court upholds KCM's High Court guilty verdict of …
The Supreme Court of Zambia on Thursday upheld a 2011 High Court verdict which found Konkola Copper Mines guilty of water pollution which poisoned thousands of Chingola residents in 2006.
Konkola Copper Mines plc | LinkedIn
Konkola Copper Mines plc is a subsidiary of Vedanta Resources plc ("Vedanta") a London Stock Exchange listed FTSE100 diversified metals and mining company, with revenues in excess of USD 6.5 billion.
Zambia : KCM CEO retires
KCM's CHINGOLA ACID PLANT SHUTDOWN. Konkola Copper Mines (KCM) has announced that its chief executive officer Christopher Sheppard has retired and will be leaving the company on November 12, 2021 ...
Business and human rights: African mining pollution case could …
An international mining company has appealed to the UK Supreme Court in a pollution case brought by over 1,800 Zambian villagers. The Court's upcoming decision on whether the case against Vedanta Resources and its subsidiary, Konkola Copper Mines (KCM), can proceed to trial in the UK could help clarify the law on parent company liability.
(PDF) Analysis of socio-economic impact of Konkola Copper …
2008 This thesis focuses on the impact of Konkola Copper Mine (KCM). This company is a Multinational Mining Corporation. It is based in Chingola town in Zambia. The study …
Konkola Copper Mines Job Recruitment
Konkola Copper Mines Plc (KCM) is a subsidiary of Vedanta Resources plc,a London-listed resources and mining copper. 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 …
Vedanta & Konkola Copper Mines settle UK lawsuit …
The claim was brought by more than 2,500 Zambian villagers against Konkola Copper Mines Plc and its parent company, UK-based Vedanta Resources. The claimants included 643 children. The claim, …
Vedanta in advanced stage of deal with Zambia over copper mine
Vedanta Resources is in advanced stages of executing agreements with Zambian govt. over Konkola Copper Mines Plc assets. The company committed to process & pledged to invest $1 billion to double ...
Vedanta moves closer to regain control over Konkola Copper Mines
Under the agreement, Konkola Copper Mines will pay the company $20m in instalments. In November 2020, ZCCM-IH planned to appeal against a court ruling that …
Four entities compete to acquire Mopani Copper Mines in Zambia
In February 2023, Zambian Mines Minister Paul Kabuswe said there were ten suitors competing for the acquisition of the mine and smelter complex, which is owned by state mining investment company Zambia Consolidated Copper Mines – Investment Holdings. According to the sources, investment bank Rothschild & Co has shortlisted the …
Nyasulu v Konkola Copper Mines and Others (HP 1286 of 2007 …
Nyasulu v Konkola Copper Mines and Others (HP 1286 of 2007) [2011] ZMHC 114 (9 November 2011) ... Cambridge Water Company Limited v Eastern Countries Leather PLC [1993] ABC CR 12/09. ... ZambiaLII has been hosted by the Southern African Institute for Policy and Research (SAIPAR), an independent, educational and …
ActionAid Zambia: Mining companies must not be allowed to …
A legal action, brought by more than 2,500 Zambian villagers, including 643 children, against Konkola Copper Mines Plc and Vedanta Resources Limited, has settled out of court, it was announced today (19 January) in a joint statement from the mining companies and Leigh Day, the English law firm representing the claimants. ActionAid …
Zambia: Largest copper mine dodges liquidation | Africanews
Zambia's largest copper mine has dodged liquidation and received a cash injection of $1 billion from its parent company, ending a years long legal battle. London-listed Vedanta is the majority ...
Vedanta Resources to Invest $280 Million at Copper Mines in …
Vedanta Resources Plc is gearing up to spend $280 million at its Konkola Copper Mines (KCM) unit in Zambia, a move that will increase production output by more than a third by 2017. "We have reinvested all of our earnings back into the company. This has supported the creation of 5 000 new construction jobs and in the meantime, salaries …