ARC Minerals

Vedanta has responded to allegations in the Zambian media – implying Vedanta’s involvement in certain problems being experienced at KCM’s operations.

Statement from Vedanta Resources:

The company denies these allegations, reportedly made by members of the Government of Zambia.

It would like to point out that it has not had access to any KCM operational site or office, nor has it been able to contact KCM staff, for over three weeks – since the appointment of the Provisional Liquidator for KCM.

The company has, from the outset of what it feels is an unfair and unjust process, been deeply concerned about the very real risks posed by the ex parte Provisional Liquidator appointment and winding-up process to KCM, its operations, employees and local communities.

With those concerns in mind, Vedanta wrote to the Provisional Liquidator on 31 May 2019, flagging a number of areas of concern.

These included the need to maintain security to ensure asset theft did not occur, and the risk to operational infrastructure should assets stand idle or underground water pumping cease.

Given the allegations, Vedanta has been trying to contact the Provisional Liquidator to discuss these concerns, as well as to request an update on the current status of KCM’s operations as a whole.

Vedanta would urge the Provisional Liquidator and the Government of Zambia to engage with us, in the best interests of all stakeholders involved.

Vedanta wants to make it clear that it would never – under any circumstances – involve itself in nor countenance the “sabotage” of any mining or processing operation.

The company is absolutely committed to resolving the current situation using all available means. It urges the Government of Zambia, ZCCM-IH and the Provisional Liquidator to take the same approach.