Edition:
United Kingdom

Chris Mfula

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 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.

UPDATE 1-Vedanta's Agarwal says willing to invest in Zambia

29 May 2019

* Says court action will drive away investors (Updates with miners getting paid, details of interim management)

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

23 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

23 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.

UPDATE 2-Vedanta, KCM seek urgent Zambia talks, court appoints liquidator

21 May 2019

* Adds to concerns about increased tax take (Updates with Vedanta statement, currency movement, details)

Zambia seeks 'divorce' from Vedanta over alleged mining breaches

20 May 2019

LUSAKA Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector.

World News