The choice of aggregate industry
We provide all kinds of crushing machines including stationary crusher and mobile crusher
- 0086-21-3390160
- [email protected]
We provide all kinds of crushing machines including stationary crusher and mobile crusher
23/05/2019 President Edgar Lungu of Zambia announced yesterday through Zambia National Broadcasting Corporation radio, his plans to nationalise Vedanta-controlled Konkola Copper Mines (KCM).According to President’s office the decision was taken on the basis of several breaches of the terms of KCM’s mining license. According to official sources, default notice had been issued to KCM
20/05/2019 "Zambia seeks 'divorce' from Vedanta over alleged mining breaches", 20 May 2019. Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining license and bring a new investor into the operation...Zambian President Edgar Lungu announced the plan on Monday, which his spokesman said followed a number of breaches of the terms of the license, without giving details.
11/12/2020 KCM, which is 20% owned by Zambia’s state mining company ZCCM-IH and 80% by Vedanta, has been accused of violating its licence terms, reported Reuters. Recently, rumours surfaced that the provisional liquidator appointed by the Zambian government is set
"Zambia seeks 'divorce' from Vedanta over alleged mining breaches", 20 May 2019. Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining license and bring a new investor into the operation...Zambian President Edgar Lungu announced the plan on Monday, which his spokesman said followed a number of breaches of the terms of the license, without giving details.
05/11/2013 MUZ president Nkole Chishimba said Government should go ahead and revoke the mining license for KCM and with or without the laying off of workers by the mining-giant. He said this was in
It added that KCM’s continued mining activities in its mining area would deplete all minerals in the area, thereby, rendering its mining license nugatory. The company further claimed that it had suffered and continued to suffer serious deprivation of its use of the mining area to which their license applies at KCM’s will. It is now claiming compensation for unlawful deprivation of access ...
22/05/2019 ZCCM-IH accused KCM of failing to develop the mining areas in Chingola and Chililabombwe as well as carry out mining operations with due diligence in accordance with the programme of mining operations in breach of section 35(1)(b) of the mines and minerals development Act of 2015. “The company has failed to carry out mining operations in accordance with approved mining
His continued operations at KCM are illegal because he lacks the qualifications required for a person who is going to be a license holder or a mining manager and who can run the operations in a more safe and prudent manner. So, that is where the problem is we having at KCM. We have an illegality there where someone who is not qualified to run a mine operations is running mining operations ...
05/11/2013 The outburst by ailing dictator Michael Sata threatening to revoke the KCM mining license is nothing but a clear case of his total lack of understanding on mine operations, sources have told the Watchdog. Insiders say the mining giant is totally broke because they have been surviving on borrowed money and now the loans are due for repayments. “What happened is KCM has borrowed heavily to ...
The Minister has also disclosed that KCM has started liquidating its internal and external debt that currently standards at over One billion United States dollars. The Minister of Mines said this in an interview with ZNBC’s Misheck Moyo in Cape Town at the ongoing 2017 investing in Africa Mining Indaba. He noted that plans by KCM to commission the Konkola Deep Project with a life span of 50 ...
10/12/2020 The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambia's state mining arm ZCCM-IH. Zambia, in taking that action, accused Vedanta of breaching its license.
11/12/2020 Indian-based metals and mining group Vedanta Resources said Thursday it would fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to
The Minister has also disclosed that KCM has started liquidating its internal and external debt that currently standards at over One billion United States dollars. The Minister of Mines said this in an interview with ZNBC’s Misheck Moyo in Cape Town at the ongoing 2017 investing in Africa Mining Indaba. He noted that plans by KCM to commission the Konkola Deep Project with a life span of 50 ...
22/05/2019 ZCCM-IH accused KCM of failing to develop the mining areas in Chingola and Chililabombwe as well as carry out mining operations with due diligence in accordance with the programme of mining operations in breach of section 35(1)(b) of the mines and minerals development Act of 2015. “The company has failed to carry out mining operations in accordance with approved mining
Mining License occurred in the period between 1958 and 1974. In the period 1975 to 1999, exploration was largely limited to step out drilling on known resources. In the two years that KCM was managed by Anglo American post privatization in 2000, all attention was focused on the Konkola Deeps Mining Project, which had a
His continued operations at KCM are illegal because he lacks the qualifications required for a person who is going to be a license holder or a mining manager and who can run the operations in a more safe and prudent manner. So, that is where the problem is we having at KCM. We have an illegality there where someone who is not qualified to run a mine operations is running mining operations ...
02/12/2019 “The mining license to the subject areas have not been part of KCM mining license from 2007. KCM has not sold or transferred any mining license to any entity since the Provisional Liquidator took over. The agreement was in respect to allowing Mimbula to access its mining area where KCM enjoys surface rights,” he said. Share this: Click to share on Pinterest (Opens in new window) Click to ...
05/11/2013 The outburst by ailing dictator Michael Sata threatening to revoke the KCM mining license is nothing but a clear case of his total lack of understanding on mine operations, sources have told the Watchdog. Insiders say the mining giant is totally broke because they have been surviving on borrowed money and now the loans are due for repayments. “What happened is KCM has borrowed heavily to ...
02/12/2019 The mining license to the subject areas have not been part of KCM mining license from 2007. KCM has not sold or transferred any mining license to any entity since the Provisional Liquidator took over. The agreement was in respect to allowing Mimbula to access its mining area where KCM enjoys surface rights
It had to take Minister of Mines Christopher Yaluma to rush to the scene and negotiate both with the mining firm and the contractors. At the time, KCM Chief Executive Officer Steven Din assured the contractors that all outstanding payments would be done by January 31st this year.
KCM Mining was granted a fourth mining lease (ML) by the Mining Cadastre Office, Federal Republic of Nigeria. This delivers the Company a contiguous tenement package of ~145 square kilometres on the Agbaja Plateau, Kogi State. Key Benefits and Outcomes of this ML Approval: • Shows effective administration by various State and Federal Government offices to support the Company in conversion ...
The KCM saga has dominated headlines since a liquidator was appointed to run the Chingola-based mine in May, after ZCCM-IH (which owns approximately 20% of KCM) accused majority shareholders, Vedanta Resources, of breaching its licence. On the one hand, there now appears to be a move from South Africa’s High Court to stop proceedings but, []
Mining License occurred in the period between 1958 and 1974. In the period 1975 to 1999, exploration was largely limited to step out drilling on known resources. In the two years that KCM was managed by Anglo American post privatization in 2000, all attention was focused on the Konkola Deeps Mining Project, which had a
23/05/2019 “The company has failed to carry out mining operations in accordance with approved mining operation plan, the gross proceeds of sales of minerals from mining areas are less than half of the demand turnover applicable to the mining license for more than three successive years and liable to the revocation of the licence under the Miners and Minerals Development Act,” said ZCCM-IH.
23/05/2019 Mining Minister Richard Musukwa said the action at KCM “should not be misconstrued as nationalization” and followed KCM’s failure to “comply with license conditions”. “The government will be undertaking regular audits at all the mines to ensure compliance and avoid the recurrence of the situation at KCM,” he said. Zambia has already riled miners with tax changes that mining ...
05/11/2013 The outburst by ailing dictator Michael Sata threatening to revoke the KCM mining license is nothing but a clear case of his total lack of understanding on mine operations, sources have told the Watchdog. Insiders say the mining giant is totally broke because they have been surviving on borrowed money and now the loans are due for repayments. “What happened is KCM has borrowed heavily to ...
The Minister has also disclosed that KCM has started liquidating its internal and external debt that currently standards at over One billion United States dollars. The Minister of Mines said this in an interview with ZNBC’s Misheck Moyo in Cape Town at the ongoing 2017 investing in Africa Mining Indaba. He noted that plans by KCM to commission the Konkola Deep Project with a life span of 50 ...
It had to take Minister of Mines Christopher Yaluma to rush to the scene and negotiate both with the mining firm and the contractors. At the time, KCM Chief Executive Officer Steven Din assured the contractors that all outstanding payments would be done by January 31st this year.
Mr Kumar had recently announced that KCM would lay off over 1,500 workers as they seek to mechanise their operations. This announcement prompted President Sata to warn the mining giant not to dare lay off any worker or risk having its mining license revoked. And MMD president Nevers Mumba has accused President Michael Sata of abusing his office by deporting the KCM chief executive officer. Dr ...
List of information about Mining permits and licences. Tell us whether you accept cookies. We use cookies to collect information about how you use GOV.UK. We use this information to make the ...
Copyright © 2018 - All Rights Reserved