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What is happening to Konkola Copper Mines? - Zambian

2010-6-28  WHAT’S HAPPENING AT KCM? Vedanta Resources owns Konkola Copper mines to the tune of 76% shareholding. Vedanta is an Indian company and listed on the London Stock Exchange. Vedanta has now expended with mining ventures outside India. Its ventures include copper, aluminum and lead in Zambia, Tasmania and Australia.

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Provisional liquidator of Zambia's Konkola Copper Mines ...

2021-9-29  Article content. LUSAKA — The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia’s Drug Enforcement Commission, which also handles

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KCM, Mopani in a mess, says Musokotwane – The Mast

2021-11-2  FINANCE minister Situmbeko Musokotwane says Konkola Copper Mines and Mopani are in a mess. Speaking at the post-budget Town Hall Symposium at Mulungushi International Conference Centre in Lusaka yesterday, Dr Musokotwane said the situation presented there was not real. “Already you can hear what is happening in KCM.

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Why keep Milingo at KCM when there’s no liquidation

2020-9-30  The PF government must be ashamed about what is happening at KCM. They told the people of Zambia that they were liquidating Konkola Copper Mines because the investor, Vedanta, had failed to pump in the required capital to sustain operations and keep the workers in employment. The people of Zambia must know that KCM has no cash flow at the ...

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KCM fails to meet various operational obligations ...

2014-7-14  Recently Vice President Guy Scott told Parliament that ‘very strange things’ are happening at Konkola Copper Mines (KCM) where the owners do not mind the company being declared bankrupt or placed under receivership to allow for the company’s liabilities to be taken over by government.

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Zambia : KCM Saying Caving in of ground at the Nchanga ...

2020-7-10  Konkola Copper Mines has announced that the Caving in of ground following slope instability within a section of the Nchanga Open Pit Cut 2 in Chingola started to occur as predicted, and there is ...

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Milingo’s splitting of KCM not backed by law, says Haimbe ...

2021-1-5  LUSAKA lawyer Mulambo Haimbe says he does not understand which law Konkola Copper Mine (KCM) provisional liquidator Milingo Lungu is using to split the company into two different entities. Last week, Lungu split, reorganised and restructured KCM into two subsidiary companies which will come into effect on February 1, 2021 in a bid to increase []

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Companies Invest to Extend their Life of Mines

2019-1-29  Investments Pay Off at Konkola Copper Mines O ne of the biggest facts of life for mining companies is that their assets are fixed geographically . At the time of privatisation for both KCM and MCM , the end of life of their mines was between 2025 and 2028 .

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Zambia : KCM may have externalised huge amounts of

2014-2-14  File:Konkola Copper Mine (KCM) Chief Executive officer Kishore Kumar. Vice President Guy Scott has revealed that very strange things are happening at Konkola Copper Mines (KCM) where the

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Fatal mine accident at KCM The Independent Observer

2018-7-26  This is happening bearly a month when another scraper driver had blasted himself at Nchanga Underground mine. KCM new Chief Executive Officer Deshnee Naidoo had earlier this month launched the Safety Stand Down campaign in the local mining sector in a bid to raise safety standards and curb mine accidents and fatalities in the company.. Konkola Underground mine is owned by

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What is happening to Konkola Copper Mines? - Zambian

2010-6-28  WHAT’S HAPPENING AT KCM? Vedanta Resources owns Konkola Copper mines to the tune of 76% shareholding. Vedanta is an Indian company and listed on the London Stock Exchange. Vedanta has now expended with mining ventures outside India. Its ventures include copper, aluminum and lead in Zambia, Tasmania and Australia.

More

KCM fails to meet various operational obligations ...

2014-7-14  Recently Vice President Guy Scott told Parliament that ‘very strange things’ are happening at Konkola Copper Mines (KCM) where the owners do not mind the company being declared bankrupt or placed under receivership to allow for the company’s liabilities to be taken over by government.

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Only PF Cadres Benefiting From KCM - Kambwili -

2020-9-30  Opposition National Democratic Congress (NDC) President Dr. Chishimba Kambwili has aired his concern over the happenings at the Konkola Copper Copper Mines (KCM) where it is alleged that only ruling Patriotic Front (PF) are being handed contracts. Speaking during a media briefing held at his residence on Tuesday, Dr. Kambwili said he had previously warned []

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Copper Colonialism report shakes Zambia

2014-3-10  Copper War: Zambia puts Kongola on the spot for tax evasion . by Felix Njini, 28 th Feb 2014. Southern Africa Times. Africa’s biggest copper producer, Zambia, is at war with Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources Plc, which is also one of the country’s largest miners, over allegations of transfer pricing.

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Fatal mine accident at KCM The Independent Observer

2018-7-26  This is happening bearly a month when another scraper driver had blasted himself at Nchanga Underground mine. KCM new Chief Executive Officer Deshnee Naidoo had earlier this month launched the Safety Stand Down campaign in the local mining sector in a bid to raise safety standards and curb mine accidents and fatalities in the company.. Konkola Underground mine is owned by

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Police reinforce manpower at KCM plant amid theft ...

2019-6-1  The Zambia police have beefed up manpower at the liquidated Konkola Copper Mines (KCM) Nchanga Mine in Chingola amid allegations of theft of mine equipment, cables, copper cathodes and tools. According to a well-placed source in

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Be categorical on drive to increase stake in mines – Govt ...

2021-5-3  The Zambian government has recently acquired 100% of Glencore’s Mopani Copper Mines and Vedanta’s Konkola Copper Mines – KCM local operations in the past two years. The take over of KCM was however through ZCCM IH liquidation process, after complaints by local contractors and suppliers of not being paid for extended periods of time.

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Production At Govt-Run KCM Plummet Despite High

2021-6-28  Global copper prices have reached record highs in recent months; in late May the metal was trading at $10,460 (K236,211) per tonne. For a copper-based mining economy like Zambia this should be generating increased tax revenues, and subsequent social benefits, as companies maximise their production to take advantage of these high prices. Across the private sector this is happening,

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The fight for KCM: International Arbitration explained

2019-8-23  The fight for KCM: International Arbitration explained. T he KCM saga has dominated headlines since a liquidator was appointed to run the Chingola-based mine in May, after ZCCM-IH (which owns approximately 20% of KCM) accused majority shareholders, Vedanta Resources, of breaching its licence. On the one hand, there now appears to be a move from ...

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NFCA Mining Employees Protest Over Low Pay Zambia

2021-9-14  NFCA Mining Employees Protest Over Low Pay. Hundreds of miners at Non-Ferrous Mining Company-Africa in Chambishi have staged a peaceful protest demanding improved working conditions. The miners who have abandoned work demanding to be

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Zambia denies report it shuttered Konkola Copper Mines ...

2021-5-6  Zambia denies report it shuttered Konkola Copper Mines Back to video “The operations of Konkola Copper Mines have continued,” Mulenga told Reuters on Thursday. Advertisement. ... Cathie Wood's $500K Bitcoin call is already happening — how to ride the wave to half a million.

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KCM Saying Caving in of ground at the Nchanga Open Pit ...

2020-7-10  KCM Saying Caving in of ground at the Nchanga Open Pit happening as predicted July 10, 2020 12:10 July 22, 2020 Konkola Copper Mines has announced that the Caving in of ground following slope instability within a section of the Nchanga Open Pit Cut 2 in Chingola started to occur as predicted, and there is no threat to the safety of employees or ...

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ZCCM-IH: Legal update on KCM - ZCCM Investments

2020-10-8  So, at present, what is happening is that while waiting for these legal proceedings to be accelerated and completed, KCM’s operations are continuing and the liquidator is managing by repaying his debts, both to suppliers and to suppliers. current entrepreneurs, and the operation is supported, ”Musukwa replied. ... Konkola Copper Mines.

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Only PF Cadres Benefiting From KCM - Kambwili -

2020-9-30  Opposition National Democratic Congress (NDC) President Dr. Chishimba Kambwili has aired his concern over the happenings at the Konkola Copper Copper Mines (KCM) where it is alleged that only ruling Patriotic Front (PF) are being handed contracts. Speaking during a media briefing held at his residence on Tuesday, Dr. Kambwili said he had previously warned []

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Zambian Government ‘Keenly watching KCM operations',

2014-2-17  Zambia is watching the events at one of the country’s leading copper producers, Konkola Copper Mines (KCM) following reports that the company needs to be rescued by the state because it was loss making. Vice President Guy Scott told

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Allow KCM liquidation process to conclude – Siliya ...

2019-7-12  Allow KCM liquidation process to conclude – Siliya. Chief Government Spokesperson Dora Siliya has indicated that government’s decision to liquidate Konkola Copper Mine – KCM should not be politicized as it is meant to find an equity partner to take over the mine and invest in the country’s economy. Responding to a question during a ...

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Villagers in Zambia win right to take legal action against ...

2019-4-16  The Konkola Copper Mines, Chingola Abel Mambwe/ActionAid The case was brought by 1,826 Chingola residents, who say their lives have been devastated by toxic run-off from the nearby Nchanga copper mine, which has contaminated the local

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Be categorical on drive to increase stake in mines – Govt ...

2021-5-3  The Zambian government has recently acquired 100% of Glencore’s Mopani Copper Mines and Vedanta’s Konkola Copper Mines – KCM local operations in the past two years. The take over of KCM was however through ZCCM IH liquidation process, after complaints by local contractors and suppliers of not being paid for extended periods of time.

More

Fatal mine accident at KCM The Independent Observer

2018-7-26  This is happening bearly a month when another scraper driver had blasted himself at Nchanga Underground mine. KCM new Chief Executive Officer Deshnee Naidoo had earlier this month launched the Safety Stand Down campaign in the local mining sector in a bid to raise safety standards and curb mine accidents and fatalities in the company.. Konkola Underground mine is owned by

More

Police reinforce manpower at KCM plant amid theft ...

2019-6-1  The Zambia police have beefed up manpower at the liquidated Konkola Copper Mines (KCM) Nchanga Mine in Chingola amid allegations of theft of mine equipment, cables, copper cathodes and tools. According to a well-placed source in

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