Edition:
India

Chris Mfula

Abruptly appointed Zambian finance minister to review sales tax plan

15 Jul 2019

LUSAKA Zambian President Edgar Lungu abruptly fired his finance minister on Monday, appointing in her place the respected deputy head of the central bank, who said he might further delay a sales tax designed to rebalance its economy.

Zambian court lifts order blocking disposal of Vedanta unit assets

28 Jun 2019

LUSAKA A Zambian court on Friday lifted an order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of assets or making arrangements with creditor until a July 4 hearing.

Zambian court rejects Vedanta bid to join liquidation case

20 Jun 2019

LUSAKA Vedanta Resources said it would take urgent steps to protect its Zambian assets and pursue international arbitration if necessary after a Lusaka court on Thursday rejected its request to be included in liquidation proceedings.

Exclusive: Zambian government has no plans to seize First Quantum - sources

11 Jun 2019

LUSAKA/LONDON/TORONTO Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters.

Explainer: Zambia's moves on Vedanta, KCM alarm mining industry

31 May 2019

LUSAKA/LONDON - Zambia's decision to name a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM) business, one of the country's biggest employers, has rattled international miners concerned about rising resource nationalism.

Vedanta's Anil Agarwal says willing to invest in Zambia

29 May 2019

LUSAKA Vedanta's Chairman Anil Agarwal said on Wednesday he was prepared to invest in increasing Zambian copper production to 400,000 tonnes, creating another 10,000 jobs at Konkola Copper Mines (KCM), but said "the right framework" had to be in place.

Vedanta's Zambia liquidation case adjourned until June 4

24 May 2019

LUSAKA/JOHANNESBURG A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.

Zambia's mines minister orders regular audits at all mines

24 May 2019

LUSAKA Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its license, the mining ministry said on Thursday.

UPDATE 3-Zambia's mines minister orders regular audits at all mines

24 May 2019

* State power company expects power rationing from June 1 (Adds Vedanta comments)

Vedanta, KCM seek urgent Zambia talks, court appoints liquidator

21 May 2019

LUSAKA Mining company Vedanta and its Zambian unit Konkola Copper Mines (KCM) said they were seeking urgent talks with the Zambian president following a high court order on Tuesday to appoint a provisional liquidator.

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