Konkola Copper Mines

The Lusaka High Court has granted Konkola Copper Mines (KCM) and Vedanta Resources an injunction order preventing the sale of KCM Mining Right areas by the KCM provisional liquidator – Milingo Lungu.

Vedanta Resources is extremely concerned about the manner in which Konkola Copper Mines’ assets are being managed in Zambia.

Vedanta has reiterated its commitment to Zambia, and to the development and sustainability of KCM but have not been able to engage with KCM management.

Vedanta Resources has said that it “strongly opposes” both the appointment of the provisional liquidator and winding up of Konkola Copper Mines (KCM).

Vedanta Resources has called for an urgent meeting with Zambia President Edgar Lungu over the threat to its Zambian copper assets following the filing of a seizure notification by the government earlier this week.

Zambia’s largest integrated copper producer Konkola Copper Mines is engaging with all its suppliers and business partners through a structured plan aimed at resolving payment delays.

Konkola Copper Mines has launched a safety campaign in a bid to raise safety standards and curb mine accidents and fatalities within the company’s copper operations in Zambia.

CEO of Vedanta Africa Base Metals, Deshnee Naidoo, states her current focus is to create deeper synergies for the company’s operations in South Africa, Zambia and Namibia to ensure sustainable growth across the region.

In a demonstration of ongoing commitment to enhancing African operations, Vedanta Resources has announced the appointment of Deshnee Naidoo, as CEO – Africa Base Metals.

Anil Agarwal, the chairman of Vedanta Resources, remains fully committed to supporting Konkola Copper Mines’ plans to increase production to 400 000 metric tonnes per annum in the next few years. The growth will be...