{"id":2517,"date":"2022-03-21T13:54:33","date_gmt":"2022-03-21T13:54:33","guid":{"rendered":"https:\/\/qiraatafrican.com\/en\/?p=2517"},"modified":"2022-03-21T13:54:33","modified_gmt":"2022-03-21T13:54:33","slug":"zambia-provisional-liquidator-konkola-copper-mines-resigns","status":"publish","type":"post","link":"https:\/\/qiraatafrican.com\/en\/2517\/zambia-provisional-liquidator-konkola-copper-mines-resigns\/","title":{"rendered":"Zambia: Provisional liquidator Konkola Copper Mines resigns"},"content":{"rendered":"

The provisional liquidator of Zambia<\/a>‘s Konkola Copper Mines (KCM), a company over which Vedanta Resources and the government have been locked in a long dispute, has resigned, he confirmed to Reuters on Sunday.<\/p>\n

Zambia’s previous government, which owns 20% of KCM through state mining investment firm ZCCM-IH, handed control of KCM to liquidator Milingo Lungu in 2019, triggering the dispute with Vedanta, which owns the other 80%.<\/p>\n

It was not immediately clear what Lungu’s resignation would mean for KCM’s future.<\/p>\n

Vedanta has said it is keen to resolve the dispute over KCM and has pledged to invest $1.5 billion into its operations.<\/p>\n

In a letter seen by Reuters dated March 17 and addressed to KCM official receiver Natasha Kalimukwa, Lungu said he had resigned, but he did not give any reason for his decision.<\/p>\n

“This serves to inform you that I have with immediate effect resigned as provisional liquidator of Konkola Copper Mines,” read the letter, whose authenticity Lungu confirmed to Reuters.<\/p>\n

Kalimukwa had moved on March 11 to suspend Lungu after receiving a complaint from ZCCM-IH relating to mismanagement. Lungu refused to go, however, saying Kalimukwa had no power to remove him as he had been appointed by a court.<\/p>\n","protected":false},"excerpt":{"rendered":"

The provisional liquidator of Zambia‘s Konkola Copper Mines (KCM), a company over which Vedanta Resources and the government have been locked in a long dispute, has resigned, he confirmed to Reuters on Sunday. Zambia’s previous government, which owns 20% of KCM through state mining investment firm ZCCM-IH, handed control of KCM to liquidator Milingo Lungu […]<\/p>\n","protected":false},"author":1,"featured_media":2518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"Reuters","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":""},"jnews_social_meta":[],"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,30],"tags":[519,394],"class_list":["post-2517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-southern-africa","tag-konkola-copper-mines","tag-zambia"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/2517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=2517"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/2517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/2518"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=2517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=2517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=2517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}