Diversified miner Vedanta Resources says Lusaka High Court presiding judge Justice Annes Banda-Bobo on Wednesday granted it an order to stay the powers of the Konkola Copper Mines (KCM) provisional liquidator to sell or dispose of KCM’s assets through public tender, or to make any arrangements with creditors. This relates to court proceedings launched by the State to have KCM, in which Vedanta holds an 80% interest and State-owned ZCCM-IH 20%, wound up.
