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Posts tagged as “Vedanta”

Vedanta Resources Plc

In Zambia, a State Asset Grab and a Hazardous Leak Raise Many Questions

[Daily Maverick] In what seems a transparent asset grab by the state, mining company Vedanta is locked in a legal battle with the Zambian government to regain control of its KCM copper and cobalt asset. Vedanta is now raising alarm bells about safety a...

Lungu Will Not Meet Vedanta Chairman

[Times of Zambia] President Edgar Lungu will not meet Vedanta Resources chairperson Anil Agarwal while on his three-day State visit to India, State House has said.

Zambia Snubs SA Court Order On Kongola Copper Mine

[RFI] A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a growing dispute with the government in Lusaka.The Johanneburg High Court ruling sets Vedanta ...

Is Zambia Defaulting to Nationalisation?

[ISS] Is Zambian President Edgar Lungu going to drag his country back to Kenneth Kaunda's disastrous post-independence experiment with nationalisation of the copper mines, simply by default? This is the suspicion sparked by his aggressive moves to evic...

Govt Commences Legal Proceedings Against Mining Firm Over Pollution

[Focac] Lusaka -Zambia's environmental regulator said on Tuesday that it has commenced legal proceedings against Konkola Copper Mines (KCM), a unit of London-listed Vedanta Resources, over the pollution of drinking water and the environment in one mini...

Villagers Sue Miner

[Times of Zambia] MORE than 1,800 Zambian villagers in Chingola have taken mining giant Vedanta to court in the United Kingdom over toxic leaks.

Vedanta Spends U.S $1 Million On SMEs

[Times of Zambia] VEDANTA Resources, the owners of Konkola Copper Mines (KCM) have spent US$1 million in creating capacity in the Small and Medium Enterprises (SMEs) in Zambia.

Vedanta Spends U.S $1 Million On SMEs

[Times of Zambia] VEDANTA Resources, the owners of Konkola Copper Mines (KCM) have spent US$1 million in creating capacity in the Small and Medium Enterprises (SMEs) in Zambia.

Vedanta Issues New Threats Over Vat Refunds

[Zambia Reports]The shadow boxing between government and mining firms over the Value Added Tax refunds rages on with Vedanta Resources issuing fresh threats of freezing investments if government does not pay them their tax refund.

Govt Pretense On KCM Shocks Lawmaker

[Zambia Reports]Parliamentary Accounts Committee chairperson Vincent Mwale says it is shocking that government wants to pretend that they are shocked by the revelation by Vedanta boss Anil Agarwal that he bought Konkola Copper Mines for a song.

Vedanta Rapes Zambia in Copper Deal – Liberia ‘Stupid’ Too?

[FrontPageAfrica]Vedanta's Agarwal, who spoke at an event in India last March, is seen in the video ridiculing the Zambian government about how he dribbled government over the paltry amount of money he paid to buy the mine, and boasted that KCM was giv...

Mining Firm Rolls Back Retrenchments

[African Arguments]The London-listed mining company Vedanta Resources Plc which through its subsidiary Konkola Copper Mines (KCM) owns four mines in Zambia is currently fighting on two fronts.

KCM Will Pay Back, Says Government

[Times of Zambia]GOVERNMENT will recover any losses incurred during the sale of Konkola Copper Mine (KCM) to Vedanta Resources in 2004, Mines Energy and Water Development Minister Christopher Yaluma has said.

KCM Plans to Retrench 1500 Workers

[Zambia Reports]Over 1, 500 employees will be retrenched by Konkola Copper Mines as majority shareholder Vedanta Resources implements its three year pull out plan.

KCM Invests in Growth Projects

[Times of Zambia]SINCE Vedanta acquired Konkola Copper Mines (KCM) in 2004, over US$2.7 billion has been invested in upgrading of its mining facilities and increasing the resource base of the company, which primarily engages in the exploration, product...

Kumar Is New KCM Chief

[Times of Zambia]KONKOLA Copper Mines (KCM) has, with immediate effect, appointed Kishore Kumar as the new chief executive officer. Mr Kumar takes over from Jeyakumar Janakaraj, who recently expressed his desire to pursue opportunities outside the Veda...

Vedanta to Showcase At SA Indaba

[Times of Zambia]VEDANTA Resources, which has operations in Zambia through Konkola Copper Mines (KCM), will use this week's Mining Indaba in Cape Town, to showcase recent developments within its African resources portfolio and to re-affirm its commitme...