8th World Antimony Forum
TBD
Guiyang, Guizhou, China
12th Rare Earth Summit
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Hangzhou, Zhejiang, China
11th Aluminum Raw Materials Summit
TBD
Hangzhou, Zhejiang, China
9th Magnesium Summit
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Hangzhou, Zhejiang, China
13th World InBiGeGa Forum
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Hangzhou, Zhejiang, China
7th World Antimony Forum
June 13-14, 2019
Changsha, Hunan, China
7th Refractory & Abrasive Materials Summit 2019
May 23-24, 2019
Qingdao, Shandong, China
10th Aluminum Raw Materials Summit
May 16-17, 2019
Zhengzhou, Henan, China
11th Rare Earth Summit
May 9-10, 2019
Qingdao, Shandong, China
8th Magnesium Summit
April 11-12, 2019
Zhuhai, Guangdong, China
12th World InBiGeGa Forum
March 14-15, 2019
Zhuhai, Guangdong, China
Zambia High Court appoints administrator for KCM
2019-05-22 14:52:45 【Print】
On May 21, Zambia's High Court appointed a provisional administrator for the country's largest copper mining firm, Konkola Copper Mines (KCM).
State-owned Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), which is a minority shareholder in KCM, has sought the liquidation of KCM's assets according to court papers. Vedanta Resources is the major shareholder in Konkola Copper Mines with a 79.4-per cent stake.
A day after President Edgar Lungu announced a plan to strip KCM of its mining license and bring in new investors, a high court document named Zambian law firm Lungu Simwanza & Company to oversee KCM. The firm is appointed to act as provisional liquidator until the conclusion of the hearing of a petition, brought by Zambia's mining investment arm ZCCM-IH under Zambia's corporate insolvency act, or a further order.
Vedanta and KCM issued a joint statement reiterating a request first made on Monday for an immediate and urgent meeting with President Lungu.
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State-owned Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), which is a minority shareholder in KCM, has sought the liquidation of KCM's assets according to court papers. Vedanta Resources is the major shareholder in Konkola Copper Mines with a 79.4-per cent stake.
A day after President Edgar Lungu announced a plan to strip KCM of its mining license and bring in new investors, a high court document named Zambian law firm Lungu Simwanza & Company to oversee KCM. The firm is appointed to act as provisional liquidator until the conclusion of the hearing of a petition, brought by Zambia's mining investment arm ZCCM-IH under Zambia's corporate insolvency act, or a further order.
Vedanta and KCM issued a joint statement reiterating a request first made on Monday for an immediate and urgent meeting with President Lungu.
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