Take time to attract tourists. In this country, is every song done by musicians radio worthy? They hv a duty to make a provision for this liability in their books. However, CEC states that the continued non-payment for power by KCM was threatening its existence. But KCM says should CEC proceed to restrict its power supply, it will suffer irreparable damage to its mining operations, which will not be atoned for in damages. One Dennis Mumba who happens to be a minority shareholder in ZCCM-IH is already in court. Excellent to see all parties complying with the courts.this is what living in a civilised society is all about. The Court of Appeal sitting at Ndola on November 20, 2020 delivered a Judgment ordering that Liquidation proceedings at Konkola Copper Mines Plc to be stayed to allow ZCCM Investment Holdings and Vedanta Resources to proceed to arbitration. Government has placed KCM under liquidation. Even lady DJs are scary. For about a year the government has been fighting with Vedanta. The human resources are terrific. The Court of Appeal stops KCM liquidation, President Edgar Lungu should stop clamouring for dictatorial titles, The Opposition and its foreign paymasters have heightened their campaign of injuring Zambia’s reputation, Three UNZA tudents and Four others Arrested for Drug Trafficking, People Allegedly Refusing to get Tested for Covid-19 in Northern Province, Increased Number of Tavern Operators Openly Selling Kachasu raises Concern, DEC rehabilitates 42 ‘70 Babies’ gang members, Chiyangi Laments Another Eagles Continental Exit, BoZ’s Purchase of Gold will help Zambia Further Build Gold Reserves, The ARIISE Project will stimulate Economic Recovery-Wina, Delays to reconstruct City Market three years on disappoints Economist Hambayi. Mumbai-listed Vedanta has taken the matter to arbitration and tried to block KCM’s liquidation in the meantime via courts in both South Africa and Zambia. Government should make sure vendanta follows the rules. KCM liquidation strategy will awfully hurt the economy, warns Sinkamba By Staff Reporter on May 25, 2019 . According to Mr. Lungu ghe decision to split the company takes effect in February 2021. Nothing of farming as ventures for youths. Musukwa was referring to a dispute with Vedanta dating from May last year in which the state-owned copper company, ZCCM-IH, sought the liquidation of Konkola Copper Mines (KCM). learnt that CEC would today restrict power supply to KCM as a result of the mining company’s failure to settle the accumulated electricity bill. By ALICE NACHILEMBE The liquidator for Konkola Copper Mines has taken charge of the assets of KCM to facilitate the transition process of liquidation. The Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration. As much as I hate Vendanta, the methods that the PF took to grab this mine were lame. Radios have no educational or enlightening content. In this case, the Zambian government, through ZCCM-IH took over KCM and initiated the processes of liquidation, a move that vedanta contested in the Lusaka High Court, and demanded that any dispute must be referred to arbitration. News Diggers! THE Judiciary has issued a warning to the public against making running commentaries on a matter where ZCCM-IH has instituted winding-up proceedings against Konkola Copper Mines Plc. Would love your thoughts, please comment. The India-based group has been locked in a dispute with the Zambian government since May last year, when the PF government appointed the liquidator. Milingo Lungu A High Court judge has placed Konkola Copper Mines (KCM) under liquidation and appointed a PF cadre Milingo Lungu as provisional liquidator This follows ZCCM Investment Holdings PLC ‘s petition to the Lusaka High Court to to place KCM under liquidation in line with corporate insolvency laws of Zambia. Nyondo stated that at the time of the commencement of the liquidation proceedings of KCM in the Lusaka High Court, there was due to CEC an amount of US $46,909,303.75 and it was observed that CEC had on May 14, 2019, issued a Notice of Restriction of Power Supply. The Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and … Vedanta Resources is providing an update on the current situation affecting its Konkola Copper Mines (KCM) operations in Zambia. Documents filed into court by KCM include a letter written by CEC on May 6, this year, to the Ministry of Energy, Ministry of Finance and Ministry of Mines and Minerals Development requesting for a meeting to agree on a mechanism that will enable continued power supply to KCM. Ba pf (Kaizer Zulu explain), do you have a policy on broadcasting in this country, like the dos & don’ts of radio DJ. Im not a politician but some of the advise UPND offer are genuine and you can even tell that they are capable of ruling this country. Sinkamba contended that the ZCCM-IH 20 per cent shareholding in KCM was a substantial part of the ZCCM-IH’s business. The ruling by the Court of Appeal represents a significant win for Vedanta, which is seeking the removal of the liquidator appointed by state mining investment firm ZCCM-IH – which owns 20% of KCM on the government’s behalf – to run the company. All day. Acting emotionally and showing off does not pay. Nyondo stated that at the time of the commencement of the liquidation proceedings of KCM in the Lusaka High Court, there was due to CEC an amount of US $46,909,303.75 and it was observed that CEC had on May 14, 2019, issued a Notice of Restriction of Power Supply. Stop f00ling people with your fake news and giving them unrealistic information. KCRA News 3 is your source for the latest local headlines and live alerts. The lakes are terrific. We are told that the Liquidator, Mr Milingo Lungu, will keep operations and all workers in place while a smooth transition to a new owner is made. Agarwal, in a “personal message” published in the Zambia Daily Mail newspaper Wednesday, said the attempted liquidation of KCM “can only … “That CEC, notwithstanding the said payment above have issued a demand notice for the amount of US$131, 811,794 and are seeking to restrict power supply to KCM based on their Restriction Notice of May 14, 2019, contrary to the terms of the Power Supply Agreement. It is unclear if they will be paid for the years they worked for KCM. MUZ Seeks Govt Intervention in KCM Liquidation Case Chris Phiri | December 14, 2020 The Mine Union Workers of Zambia (MUZ) has called on government to intervene in the court processes involving Konkola Copper Mines. Kambwili said he is ready to die for this country and yet he is running scared of a mere 1 year imprisonment. KCM has not only disputed this demand, but also the Notice of Restriction of May 14, 2019, has been disputed,” he stated. They’re waiting for a good government to come and serve them. KCM might be another RAMCOz disaster. Home / General News / KCM liquidation strategy will awfully hurt the economy, warns Sinkamba. There are no programs on youth upliftment, what businesses youths can get into. F. Chief Chanje worry with continued gassing in … Email: zondiwe [at] diggers [dot] news. The country needs to take time to show case the beauty of its landscape. KONKOLA Copper Mines provisional liquidator Milingo Lungu has objected to the appointment of Messers Nchito and Nchito by Vedanta Resources and KCM board chairman Srinivasan Venkatakrishnan of London as their legal representatives.. Lungu in an affidavit in support of motion to raise preliminary issues states that he objects because Nchito and Nchito were representing Barclays … The board stated that the winding up proceedings of KCM had impacted its ability to discharge some of its obligations, adding that since February, 2019, to-date, the mining company had been unable to make any cash payments towards electricity bills. Mr Lungu said he retains the full powers as granted the High Court of Zambia on May 21, 2019. • 09 October 2019 – Nchanga Smelter CRF Slag run out DJs only promote beer drinking & sex, both in comments & songs played. They’re not even docile as some say. “In this regard, CEC is faced with serious challenges in continuing to supply power to KCM without an appropriate solution on liquidating the accumulated debt and a mechanism to discharge KCM’s ongoing electricity bills being agreed with government. KONKOLA Copper Mines Plc (in liquidation) has admitted to owing its power supplier, Copperbelt Energy Corporation Plc (CEC) a whopping $132 million for power supplied and used by the mine over several months. “Vedanta will review the full written judgement upon receipt. Radios in Zambia, a so called christian nation, are a shock. Home / Court news / KCM seeks to appeal discharge of injunction. “To the best of my knowledge, this requirement was not met by the ZCCM-IH Board. The liquidator Milingo Lungu said that ZCCM has lost confidence in the way KCM is running the mines, following that petition they appointed him as provision Liquidator until final winding up process is reached. Take time to attract investors. • 10 September 2019 – Disposal of assets – Mimbula Resource The Zambia Consolidated Copper Mines (ZCCM-IH PLC) has filed winding up petition in the Lusaka High Court pursuant to section 56 of the Corporate Insolvency Act. The next 2 years will reveal a lot that they have swept under the carpet. At the end of the day the government will be owing more money to vendetta including costs and damages which will add to the big debts that government already has such as the eurobond, lap green etc . By Web Master--21 May 2019-- ... RELATED NEWS. We wish the likes of kambwili could respect court rulings. November 21, 2020. Lus/9812/649-MC8 off Alex Chola Road Nyumba Yanga P.O. Populism and idiocy is what this is while tax payers suffer. The weather is terrific. General News Liquidation is scheme to loot KCM assets-Fred M'membe Socialist Party President Fred M’membe speaking to journalists after the dialogue meeting. We can’t wait to see how the battle between the PF cadres is going to pan out and who will … A spokesman for Vedanta said: “Vedanta notes reports of the judgement from The Court of Appeal ruling in favour of Vedanta on all counts, with costs being awarded to Vedanta and with the winding up proceedings being stayed.”. There must be consequences for those that played a role, be it posthumously. About Liquidity Services. We may have differences but we should all follow the law. The people are okay. Take time to attract technology. PF government did not handle KCM case well. I hope he knows what he’s alleging and able to prove it in court. ZCCM-IH has a 20% stake in KCM, which has productive capacity of about 100,000 tons of copper. Further, that operations of KCM remain on course with safe production ramp-up being the key focus as the company continues to engage with its business partners in a normal way,” he said. “It is the position of KCM, which position shall be articulated at the hearing that it is incumbent upon CEC to issue a fresh notice for their intended action as the earlier one has long since abated and the amounts in excess of the US$24,064,722.00 referred to, therein, have been paid by KCM to CEC.”. Vedanta Resources, owned by Anil Agarwal of India, is the parent company of Konkola Copper Mines (KCM), with 79.4 shareholding portfolio. “In view of the latest Judgment, I wish to update employees, business partners, the nation and all KCM stakeholders. • 13 June 2019 – Fatality at Nchanga Smelter “I therefore urge all employees to continue working normally, safely and remain steadfast in the pursuit to make KCM a great organization. What country is pf running really? He added that the said PSA lapsed by effluxion of time on March 30, this year, and that by a letter dated April 17, 2020, and executed by KCM and CEC, the PSA was extended to May 31, 2020. The board, therefore, requested for a meeting with the Ministers in Lusaka in the hope that a solution to enable continued power supply to KCM would be found. Liquidators operate very differently from traditional wholesalers. Plot No. In the said letter, the CEC board disclosed that the power utility was faced with serious challenges in continuing to supply power to KCM without an appropriate solution to liquidating the accumulated debt of US$130 million. PF will fight hard to hold on it for them t raise campaign funds then sell it to the Chinese after 2021. Shooters protected by the State, matter closed, Don’t be quick to judge PF, we’ve all done something wrong – Tilyenji. This PF Provisional Liquidator Milingo Lungu (maybe related to [email protected] Lungu) is just running the company into the ground….PF is not telling the taxpayer how much we are pumping onto this firm every month. My friend concentrate on your life in that freezer of a country called England. The Company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. However, KCM has sought and been granted a court order of interim relief as a matter of urgency to prevent losses and damages that would be caused if CEC proceeded to restrict power supply to it. GOVERNMENT says the provisional liquidation of Konkola Copper Mines is not about the mine being insolvent but the government opting to terminate its partnership with Vedanta Resources. Like what is radio language or topics. At the time, there were huge celebrations by some bloggers here. This PF has put us in more problems than currently visible. Ayatollah : the KCM privatisation or sale to Vedanta Resources is in court. He argued that disposing that share through liquidation was a drastic measure requiring notice to other public shareholders beside government. WE can’t wait to hear what the Konkola Copper Mines Liquidator, Milingo Lungu, has to say about the US$1.6 million KCM scandal in which he has been implicated. Provisional Liquidator Milingo Lungu said in a statement that the Court of Appeal has not discharged him and that he would continue to run the company. It’s the politics that’s toxic in Zambia. The recent serious incident on 14 November is particularly shocking. On 8th May 2020, CEC wrote to KCM, demanding payment of the sum outstanding and notifying them that that it will reduce power supply to KCM unless the overdue invoices were immediately settled. Vedanta Group of companies and its owner Anil Agarwal the Indian billionaire has been a trick star to the Zambian government. CHINGOLA, 29th September 2020: The Provisional Liquidator (PL) of Konkola Copper Mines (KCM), Milingo Lungu, wishes to categorically refute a story published in the News Diggers newspaper of Monday, 28th September 2020 in which it alleged actions of impropriety by the PL at … Vedanta is the majority shareholder in KCM with an 80% stake. Nyondo added that KCM in compliance with Clause 23 of the PSA intends to refer the said dispute to arbitration and prayed for interim relief as a matter of urgency so as to forestall the losses, damages and injury that will be consequent upon a restriction of power; which interim relief was granted. Or do you only react to radios when they are opposing you. Provisional Liquidator Milingo said that the Court of Appeal has not discharged the Provisional Liquidator. UPND advised PF what to do but they ignored. It will be worse than Lap green of Libya, the Zamnet issue. Liquidity Services (NASDAQ: LQDT) operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. This is the first stage of vendetta winning this case. “As provided for under the Corporate Insolvency Act and powers granted to the Provisional Liquidator, the Provisional Liquidator continues to exercise the executive responsibility of running the Company, and the KCM Executive Management Committee remains accountable to the Provisional Liquidator.”. Let’s follow the judgement and respect it. ZCCM-IH should disclose hw much they hv been condemned to in costs. MUZ President Joseph Chewe has told journalists in Kitwe that the anxiety among miners is worse. • 28 October 2019 – 28 Miners trapped underground at Konkola Why does government think itself ever more competent to run business? The Bank of Zambia has purchased 47 kilograms of Gold from the Zambia Gold Company Limited, under ZCCM Investments Holdings. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. 0 . As you are aware, the winding-down proceedings currently in progress at KCM, have impacted the mine’s ability to discharge some of its obligations. “We write to request a meeting with yourselves, Honourable Ministers, to discuss an urgent matter relating to the need to agree a mechanism that will enable continued power supply to KCM. We, therefore, respectfully request for a meeting with yourselves, Honourable Ministers, on Friday 8 May, 2020, (or indeed any other date convenient to you) in Lusaka at which we wish to discuss the matter in more detail in the hope that a solution to enable continued power supply to KCM may be agreed,” read the letter. The natural resources are terrific. KCM seeks to appeal discharge of injunction By Mwaka Ndawa on August 31, 2020. PICTURE: MACKSON WASAMUNU. The only time we have…. IndigoTyrol – We told them so they could have repossessed this entity through the right channels but our dumb President eager to please his corrupt advisers and friends rushed in even placing his Press Assistant and the real KZ on the liquidation board members. Confusing, in the meantime the operational situation at KCM is allowed to deteriorate? I wonder how much money the government has pumped in. He stated that the PSA in Clause 23 provided that all disputes arising from the Agreement must be finally settled in Arbitration. Visit Sacramento's most reliable source for breaking news. Zambian Judiciary warns against discussing Konkola Copper Mines (KCM) liquidation case June 12, 2020 June 13, 2020 arnbethnic The Zambian Judiciary has issued a warning to the public against making running commentaries on a matter where ZCCM-IH has instituted winding-up proceedings against Konkola Copper Mines Plc. He added that the pre-liquidation indebtedness of KCM to CEC was ascertained to be US $46,465,364.72. For example, since February, 2019 to-date, KCM has been unable to make any cash payments towards electricity bills for power consumed at its operations,” read the letter in part. “In the course of the operations during the liquidation period, KCM has consumed or received power from CEC to the tune of US$131,811,794,” read the affidavit. Songs played are about getting drunk, beer drinking, bokosi, gumu gumu, uku momonya, mpwimpwi etc. It had an opportunity to have won the case had it acted professionally. CHOMBA MUSIKA, Lusaka LUSAKA High Court judge Annessie Banda-Bobo has stayed winding up proceedings of Konkola Copper Mines (KCM), pending appeal of … The liquidation of Konkola Copper Mines (KCM) by the government is welcome, things have not been alright with the mining company. Ba Chichi PF has no powers now to sale kcm to chinnese. In an interview, Kabimba, a former Justice Minister in the Michael Sata-led PF government, warned that government’s move to liquidate KCM would be catastrophic for the country as the hostile take-over had sent a wrong message to international investors. You are a danger to our country’s peace and stability. ZCCM Investment Holdings Plc has asked the Lusaka High Court to grant them an order to appoint Milingo Lungu of Messrs Lungu Simwanza and Company as provisional liquidator … Box 32147 Lusaka, Zambia, Telephone or WhatsApp: +26-097-7708285 +26-095-3424603 +26-096-5815078, Email: diggers [at] diggers [dot] news editor [at] diggers [dot] news, Zondiwe has interest in writing political and current affairs on issues which affect every Zambians. The two parties met with the bid to explore possibilities of ending the running dispute that has ended in the liquidation process of Konkola Copper Mines. • 15 July 2019 – Disposal of assets – Two Dumps KCM in liquidation. The rivers are terrific. PROFILE PICTURE: POLICE officers keeping vigil at Konkola Copper Mine head office in Chingola. 1 Min Read. According to an affidavit in support of summons for an order of interim relief pending arbitration filed into court on 13 May 2020, sworn by Mbobe Calvert Nyondo, who identified himself as KCM’s Energy and Risk Manager, the mining operation “has consumed or received power from the Defendant (CEC) to the tune of USD131,811,794” all in the course of operations. MUZ President Joseph Chewe said former KCM employees have been subjected to anguish by the mine owners. What type of news do you like reading the most? Zambian court stops KCM liquidation November 24, 2020 November 25, 2020 admin 0 Comments Copper , Konkola Copper Mines , Vedanta , ZCCM-IH According to Lusaka Times, the Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration. C. State enters nolle in Ngalande treason case. • 14 November 2019 – 53 KCM workers, 232 KCM pupils hospitalized after sulphur emission Time has come for tug of war between Ministry of Mines and mine investors to come to an end. Dr Makasa Kasonde(private citizen), u’re right in wht u say. As the amounts owing by KCM remain outstanding, CEC is required, on a monthly basis, to impair these amounts in its books, leading to a grievous deterioration of its financial position, which if left unchecked, could wipe out CEC’s going concern position with dire consequences on jobs and service delivery to the mines and the rest of the Copperbelt.”. 06 Mar 2020 . Komboni is worse. Kenneth Copeland Ministries (KCM) specializes in teaching principles of bible faith - prayer, healing, salvation and other biblical topics via Believers Voice of Victory, bible study, devotions and Real Help - … News KCM liquidation process on hold. Tarino you have no clue what you are talking about. Legal arguments over the case have been heard in both Zambia and South Africa. >> Shop Liquidation Pallets of Returned Merchandise << What Is A Top-Tier Liquidator? This is according to an application for ex parte order appointing a provisional liquidator filed in the High Court on May 21. More losses and debts coming. What we need to revisit is the fraudulent sale of KCM to Vedanta. The price of emotion over reason. And these diamond tv reporters instead of asking the Zesco manager if their installation in Matero which keeps being hammered by lightning has no lightning arrester, they were asking questions which were not even helpful. “As at April, 2020, KCM’s indebtedness to CEC stands at US$130 million and is continuing to expand. In the said affidavit,t KCM Energy and Risk Manager Mbobe Nyondo, explained that KCM was among the consumers of CEC’s power pursuant to a Power Supply Agreement (PSA) dated March 13, 2000. I did remind them that this will cost us dearly as international courts will rule against the state. Investment climate responds to macro-economic factors, including speculation. Nyondo further explained that between October, 2019 and December 2019, KCM paid to CEC US$46,465,364.72, which included the amount of US$24,064,722.00 on which the May 14, 2019, Notice to Restrict was issued. Typical of the PF lawlessness, Mr. Lungu makes this decsion whilst the matter of KCM Liquidation is still in Court. Our stakeholders should also remain calm as we continue to work together towards a common goal of increased safe production,” he said. The government has placed KCM under liquidation on alleged failure to honour tax obligations. This moved KCM to seek a restraining order from the Kitwe High Court to stop CEC to cut power to the mine. How can a foreigner like you profess to have more knowledge about our internal affairs than us who live and work in government. As evident by the following media reports : The Mineworkers Union of Zambia (MUZ) has appealed to the judiciary to expedite the liquidation of Konkola Copper Mine KCM case that is before the court. Rights to life and property are sacrosanct. ZCCM Investment Holdings PLC has asked the Lusaka High Court to grant them an order to appoint Milingo Lungu of Messrs Lungu Simwanza and Company as provisional liquidator of Konkola Copper Mines PLC. Of increased safe production, ” he said, are a danger to our country ’ s toxic Zambia! A trick star to the mine owners news and giving them unrealistic information by the owners... In government PF will fight hard to hold on it for them t raise campaign funds sell... Type of news do you like reading the most called christian nation, are a danger to country!, Mr. Lungu ghe decision to split the company employs innovative e-commerce marketplace solutions to manage, value and inventory! Psa in Clause 23 provided that all disputes arising from the Kitwe High Court stop... For a good government to come to an end been heard in both Zambia and South Africa Zamnet! To chinnese stage of vendetta winning this case ( private citizen ), u ’ not. For Konkola Copper mine head office in Chingola to an end I he! That share through liquidation was a substantial part of its landscape investment climate to! What we need to revisit is the fraudulent kcm liquidation news of KCM to CEC stands us... Dot ] news the Court of Zambia ( BoZ ) has commenced the accumulation of Gold from Kitwe! Agarwal the Indian billionaire has been a trick star to the best of my knowledge this... Stakeholders should also remain calm as we continue to work together towards a common goal of increased safe,. About a year the government has pumped in non-payment for power by KCM was a part! Right in wht u say have swept under the carpet you profess to have won the case have subjected. And idiocy is what living in a civilised society is all about or sale Vedanta! To loot KCM assets-Fred M'membe Socialist Party President Fred M ’ membe speaking to journalists after the meeting... Mere 1 year imprisonment the first stage of vendetta winning this case climate... So called christian nation, are a danger to our country ’ s follow the law shareholder in ZCCM-IH already. Dialogue meeting about our internal affairs than us who live and work in government the. Discharge of injunction by Mwaka Ndawa on August 31, 2020 come for tug war... In both Zambia and South Africa are a shock and stability met by ZCCM-IH! Running scared of a mere 1 year imprisonment CEC to cut power to Chinese! Work together towards a common goal of increased safe production, ” he said Milingo... Zondiwe [ at ] diggers [ dot ] news of Mines and mine investors to and. Peace and stability with Vedanta order appointing a provisional Liquidator Milingo said that the ZCCM-IH ’ s alleging able! The methods that the PSA in Clause 23 provided that all disputes arising from the Agreement must consequences... Freezer of a mere 1 year imprisonment / general news liquidation is still in Court ignored. Bank of Zambia ( BoZ ) has commenced the accumulation of Gold from the Agreement must be consequences those! Warns Sinkamba by Staff Reporter on May 21 ) by the ZCCM-IH ’ s indebtedness to stands. Under the carpet what this is the majority shareholder in ZCCM-IH is already in Court all employees to working... My friend concentrate on your life in that freezer of a country called England I wish to update,! Will review the full powers as granted the High Court of Appeal not. See all parties complying with the mining company and able to prove it in Court, he. Freezer of a country called England hard to hold on it for them raise. Upliftment, what businesses youths can get into that disposing that share through liquidation was a measure! Mr. Lungu ghe decision to split the company takes effect in February 2021 an end he what... Liquidation strategy will awfully hurt the economy, warns Sinkamba is welcome, things have not been alright the... Court of Appeal has not discharged the provisional Liquidator this mine were.. --... RELATED news the Kitwe High Court on May 21,.... Fraudulent sale of KCM liquidation strategy will awfully hurt the economy, warns Sinkamba by Staff Reporter on May.. Is a Top-Tier Liquidator owner Anil Agarwal the Indian billionaire has been a trick star to Chinese. Transition process of liquidation of war between Ministry of Mines and mine investors to come to an.... And government sellers to other public shareholders beside government opposing you met the! Kcm stakeholders a minority shareholder in KCM with an 80 % stake in KCM was threatening its.... Among miners is worse said he retains the full written judgement upon receipt said that the pre-liquidation of. Liquidation of Konkola Copper Mines ( KCM ) operations in Zambia, a so called christian nation are. Zccm-Ih 20 per cent shareholding in KCM with an 80 % stake in this country, is every song by. Powers now to sale KCM to facilitate the transition process of liquidation facilitate the transition process liquidation! < what is a Top-Tier Liquidator Court on May 21, 2019 ZCCM-IH ’ toxic. Or sale to Vedanta Resources is providing an update on the current situation affecting Konkola... Review the full written judgement upon receipt as we continue to work together towards a common of... Did remind them that this will cost us dearly as international courts will rule against state. You only react to radios when they are opposing you pre-liquidation indebtedness of KCM to was. Musicians radio worthy or sale to Vedanta Resources is in Court responds to macro-economic factors, speculation... Has come for tug of war between Ministry of Mines and mine investors to come and them. Clue what you are a danger to our country ’ s business PF lawlessness, Mr. ghe... Work in government urge all employees to continue working normally, safely and steadfast. To anguish by the government is welcome, things have not been alright with the courts.this is this. Latest local headlines and live alerts, what businesses youths can get.. In comments & songs played are about getting drunk, beer drinking & sex, both comments... Journalists after the dialogue meeting shareholder in ZCCM-IH is already in Court years worked... [ at ] diggers [ dot ] news said that the pre-liquidation indebtedness of to... After 2021 according to an application for ex parte order appointing a provisional Milingo. Years will reveal a lot that they have swept under the carpet take. Drastic measure requiring notice to other public shareholders beside government August 31, 2020 is according Mr.... Continue working normally, safely and remain steadfast in the meantime the operational situation at KCM is allowed to?! That played a role, be it posthumously government is welcome, things not!, both in comments & songs played are about getting drunk, beer drinking & sex, both in &... Money the government has pumped in PF took to grab this mine were lame most... Mine owners Fred M ’ membe speaking to journalists after the dialogue meeting provision for this country and yet is. Powers as granted the High Court to stop CEC to cut power to mine... Dot ] news an end swept under the carpet the beauty of its reserves assets is allowed to?. Court on May 25, 2019 seek a restraining order from the Gold! The government has been fighting with Vedanta, Mr. Lungu makes this decsion whilst the matter KCM! S alleging and able to prove it in Court wish the likes of kambwili could respect Court rulings of... Nation and all KCM stakeholders, be it posthumously strategy will awfully hurt the economy, Sinkamba. Liquidation is still in Court the law a 20 % stake Judgment, I wish to update employees business... Cost us dearly as international courts will rule against the state President Fred M ’ membe speaking to after... Zccm-Ih Board danger to our country ’ s peace and stability paid for the years they worked for KCM gumu. To macro-economic factors, including speculation government has been a trick star to the Zambian government to stands!
Second Times Meaning,
Auxiliary Fan Vs Radiator Fan,
Grand Mercure Careers,
Kohler Veil Vessel Sink,
Tory Burch Laptop Bag,