Johannesburg’s high court has reserved judgment in Vedanta Resources’ application for an urgent interim interdict against the Zambian government’s appointment of a provisional liquidator to wind up Konkola Copper Mine (KCM) operations. The Indian-owned mining company is challenging Lusaka’s decision, through Zambia Consolidated Copper Mines (ZCCM), to appoint provisional liquidator Milingo Lungu after accusing Vedanta of breaching the terms of its licence, failing to exploit the Nchanga underground mine and paying creditors on time.
