Konkola Copper Mines plc | 15,247 followers on LinkedIn. 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. By 1999 copper … 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. See the video of the London demo here… and of the Delhi demo here. publish the report on its website. At stake are copper mines and resources in one of the world’s richest deposits, which stretches from Zambia’s Copperbelt region into southern Democratic Republic of Congo. The assessment report follows the complaint in itemizing its responses to issues raised. 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. The Konkola mine is situated about 26 km north of Chingola and is the most northerly of KCM’s Copperbelt mines. 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 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. In March 2014, Vedanta Resources chairman and majority owner Anil Agarwal boasted during the Jain International Organisation conference held in Bangalore, India, how he was making annual profits of around $500 million from Konkola Copper Mine which he bought for a paltry $25 million. Summary: The geological setting of the Zambian Copperbelt is … We care. Phone: +260-212-350604 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. VEDANTA distanced itself from allegations published in local Zambian media that it was involved in the sabotage of facilities owned by its Konkola Copper Mines (KCM).. Minister criticises group after state’s seizure of Konkola Copper Mines last year. The South Gauteng High Court granted Vedanta Resources an urgent interim order blocking minority shareholder Zambia Consolidated Copper Mines. The EMP for Anglo American’s subsidiary, Konkola Copper Mines (KCM), in which both the UK’s Commonwealth Development Corporation (CDC) and the World Bank’s International Finance Corporation (IFC) have equity shares, is the first to appear. Konkola Copper Mines plc is a subsidiary of Vedanta Resources plc ("Vedanta") a London Stock Exchange listed FTSE100 diversified metals and mining company, with revenues in excess of USD 6.5 billion. Konkola Deep resource in 1998 - 344 Mt @ 3.8% Cu (Northern Miner, Jan. 26, 1998); Lubambe (Konkola North) resources and reserves (included in resources) at the beginning of 2012 (ARM annual report, 2012) were: measured + indicated resources South Limb - 36.8 Mt @ 2.32% Cu; measured + indicated resources East Limb - 20.6 Mt @ 2.59% Cu; ZCI announced the deferral of KDMP in October 2001, following the completion of a feasibility study in mid 2001. In 2013, the production was 739,291 metric tonnes of copper and 1,957 metric tonnes of cobalt. 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”. Konkola Copper Mines, ... and 2010 Zambia lost $45 billion in potential income from copper, Eunomix said in a report. ... company valued the assets at $1.6 billion in its 2018 annual report. 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. 3 shaft”). There are 6 companies in the KONKOLA COPPER MINES PLC corporate family. Konkola Copper Mines. The imported concentrates are required for smelter and blending operations. KONKOLA COPPER MINES PLC is located in Chingola, Zambia and is part of the Copper & Nickel Mining Industry. The reduction in revenue was as a result of below budget custom production as well as below budget combined concentrate tonnage available for treatment in the smelter. 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. KCM We mine. Technical Assessment Report Page v Konkola Copper Mines Plc, Zambia IMC Group Consulting Ltd Project No. 1 shaft”) and the Kirila Bombwe North ore body (the “No. 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. Still, the company valued the assets at about $1.6 billion in its most recent annual report… Documents/ Stock valuation reports ) 100 %: Direct: Vedanta owned %. 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