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KCM sues Konkola Mineral Resources Ltd, SmelterCo, demands return of 78 companies

diggers.news 2024/10/5

KONKOLA Copper Mines (in provisional liquidation) has sued Konkola Mineral Resources Limited and KCM (SmelterCo) Limited in the Lusaka High Court seeking a declaration that the transfer of 78 companies and 15 environmental licenses to the two companies was illegal and as such, null and void. KCM (in provisional liquidation), which has cited the Attorney General as the third respondent, wants the transfer of 61 properties and two environmental licenses to Konkola Mineral Resources Limited to be declared illegal, null and void. In a statement of claim filed by KCM (in provisional liquidation) stated that after being appointed as provisional liquidator in 2020, Milingo Lungu transferred the properties to Konkola Mineral Resources Limited and KCM (SmelterCo) Limited. “The first defendant’s...

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