Diversified miner Vedanta Resources on Wednesday obtained an ex parte order in the High Court of South Africa, granting the company leave to institute an urgent interim interdict application against ZCCM Investments Holdings.
In terms of the urgent application, served on both Zambian company ZCCM and provisional liquidator Milingo Lungu for Konkola Copper Mines (KCM), Vedanta declared that ZCCM had breached the KCM shareholders’ agreement by pursuing winding-up proceedings against KCM in Zambia.