Konkola Copper Mines (KCM), a subsidiary of Vedanta Resources, has stopped operations at its Nchanga mine in Zambia due to import duties on copper concentrates. Konkola Copper Mines in Chingola is reportedly making a lot of losses today for a variety of reasons. ... Latest Annual Report Extracts. Fast forward to end of May, the company announced that “effective 1 June 2020 it would discontinue the supply of power to Konkola Copper Mines Plc (KCM) as the power supply agreement (PSA) between CEC and KCM came to an end on 31 March 2020 but was extended through mutual agreement of the parties, up to 31 May 2020”. July 20th 2016. Summary: The geological setting of the Zambian Copperbelt is … Together these mines account for approximately 67 percent of Zambia’s total metal output. The proposed project is planned to produce 50,000 tonnes of finished copper per year. The company only commenced production in October 2012 and is thus still in its nascent stages of operation. KONKOLA COPPER MINES PLC, a company incorporated in the Republic of Zambia (registered no. • Preparation of work in progress, WIP, (copper, cobalt & Sulphur) documents/ Stock valuation reports. Still, the company valued the assets at about $1.6 billion in its most recent annual report… Extract from 2019 ZCCM IH Annual Report. Technical & Environmental Consultancy Services, Misenge Environmental & Technical Services Ltd, NFC Africa Mining Plc Extract from 2019 Annual Report, Lubambe Copper Mines Extract from 2019 Annual Report, Invitation for Bids (IFB) Construction of Low-Cost Houses, Houses, Rural Health Centre and Drilling of a Borehole in Kasenseli in Mwinilunga District, ZCCM IH reduces appetite for banking and milling, ZCCM-IH to appeal court decision asking it to enter arbitration with Vedanta, UPDATE 1-Zambia to appeal court ruling backing Vedanta in KCM mine dispute, Kansanshi Holdings Limited Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc, Zambia Extractive Industries Transparency Initiative, Visual Capitalist: Copper – The Essential Metal (Prt I), Visual Capitalist: Copper – The Essential Metal (Prt 2), Visual Capitalist: The Looming Copper Supply Crunch, Misenge Environmental Technical Services Ltd. Assisting the Health Information Officer in managing Nchanga South Mine Hospital's data, with a significant emphasis on HIV/AIDS data. KCM is Africa’s largest copper mine and the largest mining … The South Gauteng High Court granted Vedanta Resources an urgent interim order blocking minority shareholder Zambia Consolidated Copper Mines. Vedanta Resources Limited Approach to Sustainability and CSR. Copper (739,291 mt) Cobalt (1,957 mt) As shown in the charts above, the four largest mining companies in Zambia, Konkola Copper Mines and Mopani Copper Mines from the Copperbelt province and Kansanshi and Lumwana from 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. Konkola Copper Mines is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. KCM We mine. KCM is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the-art smelter, a tailings leach plant and a refinery. Lungowe and others v. Vedanta Resources Plc and Konkola Copper Mines Plc 17. This report ... company valued the assets at $1.6 billion in its 2018 annual report. Copper has for many years played an important role in Zambia’s economy, and the performance of the economy has followed the fortunes of copper mining closely. The assessment report follows the complaint in itemizing its responses to issues raised. Agarwal, in a “personal message” published in the Zambia Daily Mail newspaper Wednesday, said the attempted liquidation of KCM “can only hurt the country’s hard-earned democracy and investor-friendly status.” The company only commenced production in October 2012 and is thus still in its nascent stages of operation. 3 shaft”). Group’s sales by geographical market, … Konkola Copper Mines (KCM) reported total revenue of ZMW12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 [2018: ZMW12.2 billion (US$1,283.0 million)]. 3627 application/pdf Annual Report 2016-17 (English Version) (Document Start Date : 10-03-2017 - Document End Date : 09-03-2025 ) (Size: 10.88MB ) (Uploaded on : 10-03-2017 ) 3417 application/pdf वार्षिक रिपोर्ट 2015-16 Technical Assessment Report Page v Konkola Copper Mines Plc, Zambia IMC Group Consulting Ltd Project No. KCM Konkola Copper Mines MCM Mopani Copper Mines MMEWD Ministry of Mines, Energy and Water Development MoF Ministry of Finance MoL Ministry of Lands MoLGH Ministry of Local Government and Housing MSD Mines Safety Department Mt Metric tons MTEF Medium Term Expenditure Framework OAG Office of the Auditor General PAC Public Accounts Committee PFM Public Financial Management … Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Extract from 2014 annual report For the period ended 31 March 2014 Lubambe Copper Mine Limited (LCM) reported revenues of K1,483 million (US$237 million) and a loss for the period of K243 million (US$39 million). KCM operates the Konkola and Nchana open pit copper mines, the Numpundwe pyrite mine and a copper smelter. Phone: +260-212-358000, Technical & Environmental Consultancy Services, Misenge Environmental & Technical Services Ltd, ZCCM-IH to appeal court decision asking it to enter arbitration with Vedanta, UPDATE 1-Zambia to appeal court ruling backing Vedanta in KCM mine dispute, Why ZCCM IH cautionary notice on KCM is timely, Agarwal Mining Group Hit by Commodity Price Slump, KCM Employs 100 Workers on Permanent Basis, Zambia Extractive Industries Transparency Initiative, Visual Capitalist: Copper – The Essential Metal (Prt I), Visual Capitalist: Copper – The Essential Metal (Prt 2), Visual Capitalist: The Looming Copper Supply Crunch, Misenge Environmental Technical Services Ltd. We Serve. See the video of the London demo here… and of the Delhi demo here. The remaining 20.6% was owned by ZCCM Investments Holdings Plc, a Lusaka and Euronext listed company which is 77.53% owned by the Zambian Government and 22.47% publicly held. In January 2002, Anglo Gold, the owners of KCM, announced that they were resiling from the project. Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. This had an adverse impact on sulphuric acid production which in turn impacted on copper production at the Tailings Leach Plant. We care. ... an investor that broke the law,” Mr Musukwa told the annual Investment in Africa Mining Indaba. We Serve. Speaking during a briefing in Chingola, … There are then a series of specific allegations relating to the discharge of harmful effluent into the waterways and the local environment. KONKOLA COPPER MINES PLC has 400 total employees across all of its locations and generates $228,669 in sales (USD). This report explores the potential contribution that the copper mining industry could make to jobs and prosperity in Zambia, and what it would take to achieve this potential. Konkola Copper Mines - KCM annual celebration came to a joyous end as the final long service awards for Smelting & Refining and Corporate sections were held in Kitwe and Chingola today. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Konkola Copper Mines Plc, Vedanta Resources Plc’s Zambian unit, stopped producing at one of its open pits near Chingola after a mining contract was not renewed. business partners and suppliers and their employees; the communities where we operate; the people of the Copperbelt; and the people of Zambia. Project No. But that, sadly, … By 1999 copper … The company was urgently seeking information from the provisional liquidator of KCM regarding the status of the assets it owns which includes Konkola mine, an operation that requires constant dewatering in the absence of … A ‘them and us’ culture characterises the way the government thinks about the mining industry today, exemplified by the decision to seize control of Konkola Copper Mines last year – a measure which, no matter how popular among some residents of Chingola, has further eroded investor confidence in the country’s mining sector. Vedanta reported a $165 million operating loss at Konkola in the year through March. In October 2015 Foil Vedanta visited Vedanta’s Zambian subsidiary Konkola Copper Mines (KCM) for the second time to investigate the legacy of pollution that has destroyed the environment and livelihoods around Chingola since 2004, when Vedanta bought controlling shares in KCM. It is alleged that Vedanta and KCM were both aware of these; and reliance is placed on the result of a report in 2006 WHEREAS: 1. INTERNATIONAL - Zambia’s Konkola Copper Mines (KCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a … Konkola Copper Mines plc | 15,247 followers on LinkedIn. Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it … Phone: +260-212-350604 Zambia has ramped up the pressure on Konkola Copper Mines, ... reported annual results. Report this profile; … The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year. Konkola Copper Mines plc 313c kcm technical assesment report.doc January 2008 IMC Group Consulting Ltd Technical Assessment Report of Konkola Copper Mines Plc as at 12th August 2005. Chairman: E Silwamba; CEO: M Chipata Konkola Copper Mines (KCM) reported total revenue of ZMW 12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 {2018: ZMW12.2 billion (US$1,283.0 million}. Report this profile ... Stewardship of an annual operating budget of US$ 25million plus a capital budget of US$19millon. Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. Konkola Copper Mines (KCM) reported total revenue of ZMW12.25 billion (US$1,084.80 million) for the financial year ended 31 March 2019 [2018: ZMW12.2 billion (US$1,283.0 million)]. & Sustainability Assurance at Konkola Copper Mines Zambia. The imported concentrates are required for smelter and blending operations. KCM We mine. 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