Lusaka High Court grants KCM Board and Vedanta Resources injunction order.
The Lusaka High Court has granted Konkola Copper Mine Board and Vedanta
Resources Holdings limited an injunction order preventing the sale of
KCM Mining Right areas by the KCM Provisional Liquidator Milingo Lungu
to the Defendants.
According to a statement issued by R and A communications,Vedanta and
the KCM Board became aware that the KCM Provisional Liquidator had
entered into a consent judgement in Zambia’s Court of Appeal which would
result in KCM’s sale of Lot 649/M Chingola part of KCM’s Mining Licence
area for US$20,000,000 to three companies with whom Konkola Copper
Mine had been in legal dispute over the area since 2016.
R and A communications said the court action taken demonstrates that decision by Mr Lungu is not in accordance with the law.
The Communications team said Vedanta and the KCM Board will continue to
protect KCM’s assets through all available legal remedies.
A and R communications further said Vedanta remains committed to
engaging with ZCCM-IH and the Government of Zambia in order to find an
amicable solution that is in the best interests of KCM and Zambia.
Lusaka High Court grants KCM Board and Vedanta Resources injunction order.
