Please wait, loading...

 

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.

Please click here to access the full Market Watch

Nicholas Kabaso

Leave a Reply

Your email address will not be published. Required fields are marked *

ABC Unit Trust Head Office
Pioneers of Unit Trusts in Zambia.
Corner of Nasser/Church Roads,
Post box 37107, Lusaka, Zambia
ABC Unit Trust Contact Details
Contact the Pioneers of Unit Trusts in Zambia.
GET IN TOUCHABC Unit trust Social links
Talk to us
ABC Unit TrustHead Office
Pioneers of Unit Trusts in Zambia.
ABC Unit TrustContact Details
Pioneers of Unit Trusts in Zambia
GET IN TOUCHABC Unit Trust
Pioneers of Unit Trusts in Zambia

Copyright by ABC Asset Management. All rights reserved.