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Liquidation of Konkola Copper Mines halted

November 23, 2020by Nicholas Kabaso0

Konkola on Friday noted that Zambia’s Court of Appeal had ordered the final liquidation of Konkola Copper Mines be halted to allow ZCCM Investments Holdings and Vendanta Resources to proceed to arbitration. According to the statement released by Konkola, “the provisional liquidator will continue to exercise the executive responsibility of running the company, and the KCM executive-management committee re-mains accountable to the provisional liquidator”.  Note, KCM has been under liquidation for more than a year, while Vedanta is challenging this status following a dispute with the Zambian government.

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Nicholas Kabaso

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