Konkola Copper Mines (KCM) Provisional Liquidator (“PL”), Milingo Lungu, informs that the High Court yesterday 1st February 2021 dismissed the court case and further discharged the injunction which was obtained by Vedanta Resources Limited on 18th January 2021, in which it sought to stop the ongoing restructuring and reorganization of Konkola Copper Mines Plc
High Court Judge W.S. Mwenda dismissed the matter with costs to be paid by Vedanta after she said in the ruling that the filing of the injunction was irregular.
In view of this latest ruling, Mr. Lungu wishes to update employees, business partners, the nation and all KCM stakeholders that the restructuring and re-organization of the company, as announced on 28th December 2020, will now continue without any constraints.
He said that the Human Capital Management (HCM) department will resume the distribution of letters of employment offer to employees, who will be employed by either the Konkola Mining Resources Limited or KCM SmelterCo Limited and that other relevant departments and functions will proceed to effect their respective and appropriate actions regarding the restructuring.
The PL noted that, “After the dismissal of the injunction, Management expects employees to continue with the spirit of safe and hard work, and commitment to uplifting KCM to become a major global copper producer. We expect all employees and our business partners to adhere to safety protocols that are in place because Safe Production is the hallmark of our focus to improve production and operational efficiency.
Mr. Lungu further noted that the restoration of KCM’s technical health remains the key objective to which all efforts must be directed, and that this will increase efficiency and business opportunities, as well as asset and resource optimisation in the restructuring of the mine.
Mumala mulenyonga. Lesa help me these upnd members are trying to bewitch me
I think it’s about time that the Indian and the Govt sat down to sort out this issue of KCM. That mine can’t be managed through court orders. Chingola is slowly becoming a ghost town because even Milingo isn’t doing anything. Please sit down with the Indian, we’re tired of this impasse
Big Circus.This is what the Zambian Judiciary has become.
No consistency in their judgements.
It appears Zambia has different sets of laws.
You have self hate that is why you use a Chinese woman’s photo instead of being proud of your blackness and genetical ugliness
At the end of the day Ventanda should just accept that this has happened and move on… The government has done a good thing for the people of Zambia
My humble appeal to Vendetta is to sit down with the Ministry in charge of mines and mineral development as well the President so that this matter is resolved. The President made clear that the mine is ours and these guys will NEVER come back. Hence KCM is back in our arms, therefore, let them settle down and finish this so that government concludes the matter of restructuring and finally find a possible partner to run the mines efficiently. I further appeal to the management of the mining giant to reconsider the decision of paying, “redundancy money” for those that will be reemployed or those who will permanently part way with KCM, to be paid in full and at instance not the proposed instalments which will be very difficult for the miner populace to invest looking at the economic woes…
Kutemwa Ifya Golekagoleka
This was bound to happen…Ventanda just wants to delay the process of mining operations.. I wonder how HH is feeling after this because he said he was happy that Ventanda had taken the issue to court
Only a fresh government can sort this mess out.
This is just the beginning. There will be more court cases and more injunctions before this matter will conclude and it will take years to come out of this mess.
This was going to happen as court cases take very long.The best solution is Zambian government to involve Indian government in this deadlock.May
Be they can get an out of court
Settlement.