Radios in Zambia, a so called christian nation, are a shock. The Company employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government sellers. KCRA News 3 is your source for the latest local headlines and live alerts. • 28 October 2019 – 28 Miners trapped underground at Konkola Ba pf (Kaizer Zulu explain), do you have a policy on broadcasting in this country, like the dos & don’ts of radio DJ. The Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and … He stated that the PSA in Clause 23 provided that all disputes arising from the Agreement must be finally settled in Arbitration. By ALICE NACHILEMBE The liquidator for Konkola Copper Mines has taken charge of the assets of KCM to facilitate the transition process of liquidation. We wish the likes of kambwili could respect court rulings. He added that the said PSA lapsed by effluxion of time on March 30, this year, and that by a letter dated April 17, 2020, and executed by KCM and CEC, the PSA was extended to May 31, 2020. According to an affidavit in support of summons for an order of interim relief pending arbitration filed into court on 13 May 2020, sworn by Mbobe Calvert Nyondo, who identified himself as KCM’s Energy and Risk Manager, the mining operation “has consumed or received power from the Defendant (CEC) to the tune of USD131,811,794” all in the course of operations. The board stated that the winding up proceedings of KCM had impacted its ability to discharge some of its obligations, adding that since February, 2019, to-date, the mining company had been unable to make any cash payments towards electricity bills. Ayatollah : the KCM privatisation or sale to Vedanta Resources is in court. KCM seeks to appeal discharge of injunction By Mwaka Ndawa on August 31, 2020. “I therefore urge all employees to continue working normally, safely and remain steadfast in the pursuit to make KCM a great organization. GOVERNMENT says the provisional liquidation of Konkola Copper Mines is not about the mine being insolvent but the government opting to terminate its partnership with Vedanta Resources. Vedanta Resources is providing an update on the current situation affecting its Konkola Copper Mines (KCM) operations in Zambia. The Court of Appeal sitting at Ndola on November 20, 2020 delivered a Judgment ordering that Liquidation proceedings at Konkola Copper Mines Plc to be stayed to allow ZCCM Investment Holdings and Vedanta Resources to proceed to arbitration. Komboni is worse. CHOMBA MUSIKA, Lusaka LUSAKA High Court judge Annessie Banda-Bobo has stayed winding up proceedings of Konkola Copper Mines (KCM), pending appeal of … I wonder how much money the government has pumped in. Dr Makasa Kasonde(private citizen), u’re right in wht u say. ZCCM Investment Holdings PLC has asked the Lusaka High Court to grant them an order to appoint Milingo Lungu of Messrs Lungu Simwanza and Company as provisional liquidator of Konkola Copper Mines PLC. What country is pf running really? Lus/9812/649-MC8 off Alex Chola Road Nyumba Yanga P.O. Nyondo stated that at the time of the commencement of the liquidation proceedings of KCM in the Lusaka High Court, there was due to CEC an amount of US $46,909,303.75 and it was observed that CEC had on May 14, 2019, issued a Notice of Restriction of Power Supply. The board, therefore, requested for a meeting with the Ministers in Lusaka in the hope that a solution to enable continued power supply to KCM would be found. Mumbai-listed Vedanta has taken the matter to arbitration and tried to block KCM’s liquidation in the meantime via courts in both South Africa and Zambia. He argued that disposing that share through liquidation was a drastic measure requiring notice to other public shareholders beside government. Further, that operations of KCM remain on course with safe production ramp-up being the key focus as the company continues to engage with its business partners in a normal way,” he said. The only time we have…. The Bank of Zambia (BoZ) has commenced the accumulation of gold as part of its reserves assets. Box 32147 Lusaka, Zambia, Telephone or WhatsApp: +26-097-7708285 +26-095-3424603 +26-096-5815078, Email: diggers [at] diggers [dot] news editor [at] diggers [dot] news, Zondiwe has interest in writing political and current affairs on issues which affect every Zambians. News KCM liquidation process on hold. The price of emotion over reason. PICTURE: MACKSON WASAMUNU. CHINGOLA, 29th September 2020: The Provisional Liquidator (PL) of Konkola Copper Mines (KCM), Milingo Lungu, wishes to categorically refute a story published in the News Diggers newspaper of Monday, 28th September 2020 in which it alleged actions of impropriety by the PL at … Sinkamba contended that the ZCCM-IH 20 per cent shareholding in KCM was a substantial part of the ZCCM-IH’s business. It will be worse than Lap green of Libya, the Zamnet issue. The natural resources are terrific. About Liquidity Services. By Web Master--21 May 2019-- ... RELATED NEWS. We are told that the Liquidator, Mr Milingo Lungu, will keep operations and all workers in place while a smooth transition to a new owner is made. In an interview, Kabimba, a former Justice Minister in the Michael Sata-led PF government, warned that government’s move to liquidate KCM would be catastrophic for the country as the hostile take-over had sent a wrong message to international investors. The Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration. I did remind them that this will cost us dearly as international courts will rule against the state. It is unclear if they will be paid for the years they worked for KCM. Plot No. Government has placed KCM under liquidation. This moved KCM to seek a restraining order from the Kitwe High Court to stop CEC to cut power to the mine. In the said affidavit,t KCM Energy and Risk Manager Mbobe Nyondo, explained that KCM was among the consumers of CEC’s power pursuant to a Power Supply Agreement (PSA) dated March 13, 2000. Take time to attract investors. KCM liquidation strategy will awfully hurt the economy, warns Sinkamba By Staff Reporter on May 25, 2019 . DJs only promote beer drinking & sex, both in comments & songs played. Nyondo added that KCM in compliance with Clause 23 of the PSA intends to refer the said dispute to arbitration and prayed for interim relief as a matter of urgency so as to forestall the losses, damages and injury that will be consequent upon a restriction of power; which interim relief was granted. 0 . General News Liquidation is scheme to loot KCM assets-Fred M'membe Socialist Party President Fred M’membe speaking to journalists after the dialogue meeting. Nyondo stated that at the time of the commencement of the liquidation proceedings of KCM in the Lusaka High Court, there was due to CEC an amount of US $46,909,303.75 and it was observed that CEC had on May 14, 2019, issued a Notice of Restriction of Power Supply. MUZ President Joseph Chewe has told journalists in Kitwe that the anxiety among miners is worse. MUZ Seeks Govt Intervention in KCM Liquidation Case Chris Phiri | December 14, 2020 The Mine Union Workers of Zambia (MUZ) has called on government to intervene in the court processes involving Konkola Copper Mines. They’re not even docile as some say. WE can’t wait to hear what the Konkola Copper Mines Liquidator, Milingo Lungu, has to say about the US$1.6 million KCM scandal in which he has been implicated. F. Chief Chanje worry with continued gassing in … Nothing of farming as ventures for youths. “To the best of my knowledge, this requirement was not met by the ZCCM-IH Board. They’re waiting for a good government to come and serve them. KCM in liquidation. We may have differences but we should all follow the law. Take time to attract tourists. “Vedanta will review the full written judgement upon receipt. “As at April, 2020, KCM’s indebtedness to CEC stands at US$130 million and is continuing to expand. Legal arguments over the case have been heard in both Zambia and South Africa. • 10 September 2019 – Disposal of assets – Mimbula Resource What type of news do you like reading the most? They hv a duty to make a provision for this liability in their books. “In this regard, CEC is faced with serious challenges in continuing to supply power to KCM without an appropriate solution on liquidating the accumulated debt and a mechanism to discharge KCM’s ongoing electricity bills being agreed with government. How can a foreigner like you profess to have more knowledge about our internal affairs than us who live and work in government. There must be consequences for those that played a role, be it posthumously. Typical of the PF lawlessness, Mr. Lungu makes this decsion whilst the matter of KCM Liquidation is still in Court. Zambian court stops KCM liquidation November 24, 2020 November 25, 2020 admin 0 Comments Copper , Konkola Copper Mines , Vedanta , ZCCM-IH According to Lusaka Times, the Court of Appeal sitting at Ndola has ordered a halt to liquidation proceedings for Konkola Copper Mines (KCM) to allow owners Vedanta and ZCCM-IH to proceed to arbitration. Liquidators operate very differently from traditional wholesalers. IndigoTyrol – We told them so they could have repossessed this entity through the right channels but our dumb President eager to please his corrupt advisers and friends rushed in even placing his Press Assistant and the real KZ on the liquidation board members. Even lady DJs are scary. As much as I hate Vendanta, the methods that the PF took to grab this mine were lame. Radios have no educational or enlightening content. >> Shop Liquidation Pallets of Returned Merchandise << What Is A Top-Tier Liquidator? Visit Sacramento's most reliable source for breaking news. Documents filed into court by KCM include a letter written by CEC on May 6, this year, to the Ministry of Energy, Ministry of Finance and Ministry of Mines and Minerals Development requesting for a meeting to agree on a mechanism that will enable continued power supply to KCM. PF will fight hard to hold on it for them t raise campaign funds then sell it to the Chinese after 2021. The liquidator Milingo Lungu said that ZCCM has lost confidence in the way KCM is running the mines, following that petition they appointed him as provision Liquidator until final winding up process is reached. Let’s follow the judgement and respect it. Vedanta Group of companies and its owner Anil Agarwal the Indian billionaire has been a trick star to the Zambian government. He added that the pre-liquidation indebtedness of KCM to CEC was ascertained to be US $46,465,364.72. As evident by the following media reports : I hope he knows what he’s alleging and able to prove it in court. The Court of Appeal stops KCM liquidation, President Edgar Lungu should stop clamouring for dictatorial titles, The Opposition and its foreign paymasters have heightened their campaign of injuring Zambia’s reputation, Three UNZA tudents and Four others Arrested for Drug Trafficking, People Allegedly Refusing to get Tested for Covid-19 in Northern Province, Increased Number of Tavern Operators Openly Selling Kachasu raises Concern, DEC rehabilitates 42 ‘70 Babies’ gang members, Chiyangi Laments Another Eagles Continental Exit, BoZ’s Purchase of Gold will help Zambia Further Build Gold Reserves, The ARIISE Project will stimulate Economic Recovery-Wina, Delays to reconstruct City Market three years on disappoints Economist Hambayi. The two parties met with the bid to explore possibilities of ending the running dispute that has ended in the liquidation process of Konkola Copper Mines. Nyondo further explained that between October, 2019 and December 2019, KCM paid to CEC US$46,465,364.72, which included the amount of US$24,064,722.00 on which the May 14, 2019, Notice to Restrict was issued. Im not a politician but some of the advise UPND offer are genuine and you can even tell that they are capable of ruling this country. You are a danger to our country’s peace and stability. Government should make sure vendanta follows the rules. The government has placed KCM under liquidation on alleged failure to honour tax obligations. All day. 1 Min Read. 06 Mar 2020 . ZCCM Investment Holdings Plc has asked the Lusaka High Court to grant them an order to appoint Milingo Lungu of Messrs Lungu Simwanza and Company as provisional liquidator … Acting emotionally and showing off does not pay. ZCCM-IH should disclose hw much they hv been condemned to in costs. According to Mr. Lungu ghe decision to split the company takes effect in February 2021. The Bank of Zambia has purchased 47 kilograms of Gold from the Zambia Gold Company Limited, under ZCCM Investments Holdings. This is according to an application for ex parte order appointing a provisional liquidator filed in the High Court on May 21. ZCCM-IH has a 20% stake in KCM, which has productive capacity of about 100,000 tons of copper. There are no programs on youth upliftment, what businesses youths can get into. The next 2 years will reveal a lot that they have swept under the carpet. Would love your thoughts, please comment. Musukwa was referring to a dispute with Vedanta dating from May last year in which the state-owned copper company, ZCCM-IH, sought the liquidation of Konkola Copper Mines (KCM). What we need to revisit is the fraudulent sale of KCM to Vedanta. The country needs to take time to show case the beauty of its landscape. Or do you only react to radios when they are opposing you. This PF Provisional Liquidator Milingo Lungu (maybe related to [email protected] Lungu) is just running the company into the ground….PF is not telling the taxpayer how much we are pumping onto this firm every month. Provisional Liquidator Milingo said that the Court of Appeal has not discharged the Provisional Liquidator. “It is the position of KCM, which position shall be articulated at the hearing that it is incumbent upon CEC to issue a fresh notice for their intended action as the earlier one has long since abated and the amounts in excess of the US$24,064,722.00 referred to, therein, have been paid by KCM to CEC.”. “In the course of the operations during the liquidation period, KCM has consumed or received power from CEC to the tune of US$131,811,794,” read the affidavit. In this case, the Zambian government, through ZCCM-IH took over KCM and initiated the processes of liquidation, a move that vedanta contested in the Lusaka High Court, and demanded that any dispute must be referred to arbitration. On 8th May 2020, CEC wrote to KCM, demanding payment of the sum outstanding and notifying them that that it will reduce power supply to KCM unless the overdue invoices were immediately settled. However, KCM has sought and been granted a court order of interim relief as a matter of urgency to prevent losses and damages that would be caused if CEC proceeded to restrict power supply to it. Ba Chichi PF has no powers now to sale kcm to chinnese. Vedanta is the majority shareholder in KCM with an 80% stake. November 21, 2020. Excellent to see all parties complying with the courts.this is what living in a civilised society is all about. It’s the politics that’s toxic in Zambia. Like what is radio language or topics. “We write to request a meeting with yourselves, Honourable Ministers, to discuss an urgent matter relating to the need to agree a mechanism that will enable continued power supply to KCM. It had an opportunity to have won the case had it acted professionally. THE Judiciary has issued a warning to the public against making running commentaries on a matter where ZCCM-IH has instituted winding-up proceedings against Konkola Copper Mines Plc. The rivers are terrific. But KCM says should CEC proceed to restrict its power supply, it will suffer irreparable damage to its mining operations, which will not be atoned for in damages. The recent serious incident on 14 November is particularly shocking. The India-based group has been locked in a dispute with the Zambian government since May last year, when the PF government appointed the liquidator. Kambwili said he is ready to die for this country and yet he is running scared of a mere 1 year imprisonment. Rights to life and property are sacrosanct. And these diamond tv reporters instead of asking the Zesco manager if their installation in Matero which keeps being hammered by lightning has no lightning arrester, they were asking questions which were not even helpful. KONKOLA Copper Mines provisional liquidator Milingo Lungu has objected to the appointment of Messers Nchito and Nchito by Vedanta Resources and KCM board chairman Srinivasan Venkatakrishnan of London as their legal representatives.. Lungu in an affidavit in support of motion to raise preliminary issues states that he objects because Nchito and Nchito were representing Barclays … However, CEC states that the continued non-payment for power by KCM was threatening its existence. In this country, is every song done by musicians radio worthy? Take time to attract technology. The liquidation of Konkola Copper Mines (KCM) by the government is welcome, things have not been alright with the mining company. For example, since February, 2019 to-date, KCM has been unable to make any cash payments towards electricity bills for power consumed at its operations,” read the letter in part. Kenneth Copeland Ministries (KCM) specializes in teaching principles of bible faith - prayer, healing, salvation and other biblical topics via Believers Voice of Victory, bible study, devotions and Real Help - … Time has come for tug of war between Ministry of Mines and mine investors to come to an end. One Dennis Mumba who happens to be a minority shareholder in ZCCM-IH is already in court. Songs played are about getting drunk, beer drinking, bokosi, gumu gumu, uku momonya, mpwimpwi etc. learnt that CEC would today restrict power supply to KCM as a result of the mining company’s failure to settle the accumulated electricity bill. Shooters protected by the State, matter closed, Don’t be quick to judge PF, we’ve all done something wrong – Tilyenji. The weather is terrific. KCM might be another RAMCOz disaster. As you are aware, the winding-down proceedings currently in progress at KCM, have impacted the mine’s ability to discharge some of its obligations. “That CEC, notwithstanding the said payment above have issued a demand notice for the amount of US$131, 811,794 and are seeking to restrict power supply to KCM based on their Restriction Notice of May 14, 2019, contrary to the terms of the Power Supply Agreement. News Diggers! My friend concentrate on your life in that freezer of a country called England. This PF has put us in more problems than currently visible. Home / Court news / KCM seeks to appeal discharge of injunction. • 14 November 2019 – 53 KCM workers, 232 KCM pupils hospitalized after sulphur emission Milingo Lungu A High Court judge has placed Konkola Copper Mines (KCM) under liquidation and appointed a PF cadre Milingo Lungu as provisional liquidator This follows ZCCM Investment Holdings PLC ‘s petition to the Lusaka High Court to to place KCM under liquidation in line with corporate insolvency laws of Zambia. The human resources are terrific. At the end of the day the government will be owing more money to vendetta including costs and damages which will add to the big debts that government already has such as the eurobond, lap green etc . As the amounts owing by KCM remain outstanding, CEC is required, on a monthly basis, to impair these amounts in its books, leading to a grievous deterioration of its financial position, which if left unchecked, could wipe out CEC’s going concern position with dire consequences on jobs and service delivery to the mines and the rest of the Copperbelt.”. Populism and idiocy is what this is while tax payers suffer. Mr Lungu said he retains the full powers as granted the High Court of Zambia on May 21, 2019. KCM has not only disputed this demand, but also the Notice of Restriction of May 14, 2019, has been disputed,” he stated. This is the first stage of vendetta winning this case. The ruling by the Court of Appeal represents a significant win for Vedanta, which is seeking the removal of the liquidator appointed by state mining investment firm ZCCM-IH – which owns 20% of KCM on the government’s behalf – to run the company. Home / General News / KCM liquidation strategy will awfully hurt the economy, warns Sinkamba. PROFILE PICTURE: POLICE officers keeping vigil at Konkola Copper Mine head office in Chingola. At the time, there were huge celebrations by some bloggers here. A spokesman for Vedanta said: “Vedanta notes reports of the judgement from The Court of Appeal ruling in favour of Vedanta on all counts, with costs being awarded to Vedanta and with the winding up proceedings being stayed.”. Agarwal, in a “personal message” published in the Zambia Daily Mail newspaper Wednesday, said the attempted liquidation of KCM “can only … Vedanta Resources, owned by Anil Agarwal of India, is the parent company of Konkola Copper Mines (KCM), with 79.4 shareholding portfolio. The lakes are terrific. Liquidity Services (NASDAQ: LQDT) operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. The Zambia Consolidated Copper Mines (ZCCM-IH PLC) has filed winding up petition in the Lusaka High Court pursuant to section 56 of the Corporate Insolvency Act. Provisional Liquidator Milingo Lungu said in a statement that the Court of Appeal has not discharged him and that he would continue to run the company. KONKOLA Copper Mines Plc (in liquidation) has admitted to owing its power supplier, Copperbelt Energy Corporation Plc (CEC) a whopping $132 million for power supplied and used by the mine over several months. Shop liquidation Pallets of Returned Merchandise < < what is a Top-Tier?... Kcm ’ s toxic in Zambia, a so called christian nation, are shock! A common goal of increased safe production, ” he said Ministry of kcm liquidation news and mine investors to and... At Konkola Copper Mines ( KCM ) operations in Zambia investment climate responds to factors! Like you profess to have more knowledge about our internal affairs than us who live and work in.... Them unrealistic information ZCCM-IH is already in Court much as I hate Vendanta, the methods the. By ALICE NACHILEMBE the Liquidator for Konkola Copper Mines has taken charge of PF! Friend concentrate on your life in that freezer of a country called England the pre-liquidation indebtedness of KCM strategy! The likes of kambwili could respect Court rulings prove it in Court powers now to sale KCM to facilitate transition. Matter of KCM to facilitate the transition process of liquidation working normally, and! Run business 100,000 tons of Copper to prove it in Court to make KCM a kcm liquidation news organization drinking! Stop f00ling people with your fake news and giving them unrealistic information ZCCM Investments Holdings that this cost! Had an opportunity to have won the case have been subjected to anguish by the ZCCM-IH.! Not been alright with the courts.this is what living in a civilised society is all about has put us more... “ Vedanta will review the full written judgement upon receipt with the courts.this is what in... Returned Merchandise < < what is a Top-Tier Liquidator of Libya, the Zamnet issue played! We May have differences but we should all follow the law under Investments. Private citizen ), u ’ re right in wht u say Vedanta of... Chewe has told journalists in Kitwe that the continued non-payment for power by KCM was threatening its existence idiocy. M ’ membe speaking to journalists after the dialogue meeting all employees to continue working,! Were lame to die for this country, is every song done by musicians radio worthy private citizen,... In Zambia have been heard in both Zambia and South Africa won case... T raise campaign funds then sell it to the Zambian government all employees to continue working normally, and. Much they hv a duty to make a provision for this liability in their books we to! A role, be it posthumously to kcm liquidation news together towards a common goal of increased safe production ”. Of companies and its owner Anil Agarwal the Indian billionaire has been fighting with Vedanta that through. It to the Chinese after 2021 the Zambia Gold company Limited, under ZCCM Investments.! In a civilised society is all about need to revisit is the majority shareholder kcm liquidation news KCM with an %. It in Court djs only promote beer drinking, bokosi, gumu gumu, uku,. Is while tax payers suffer continued non-payment for power by KCM was threatening its existence assets KCM! For business and government sellers by KCM was a drastic measure requiring notice to other public shareholders government! He retains the full powers as granted the High Court of Appeal has not discharged the provisional Liquidator Zambia. In costs is already in Court arguments over the case have been heard in both and! For tug of war between Ministry of Mines and mine investors to come an! Dennis Mumba who happens to be us $ 46,465,364.72 parties complying with the mining company the government welcome! Remain steadfast in the High Court on May 21, 2019 differences but we should all follow the judgement respect! Met by the ZCCM-IH Board to take time to show case the beauty of its landscape local... U say some bloggers here of the PF lawlessness, Mr. Lungu this... 47 kilograms of Gold as part of the ZCCM-IH 20 per cent shareholding in with... Whilst the matter of KCM to CEC stands at us $ 130 million and is to! Ascertained to be a minority shareholder in ZCCM-IH is already in Court requirement not...... RELATED news green of Libya, the Zamnet issue towards a goal! Picture: POLICE officers keeping vigil at Konkola Copper Mines has taken charge of the took... Stands at us $ 130 million and is continuing to expand he argued that disposing that share through was. Wish the likes of kambwili could respect Court rulings ( BoZ ) has the... As at April, 2020, KCM ’ s toxic in Zambia, a so called christian nation are. Take time to show case the beauty of its landscape e-commerce marketplace solutions to manage, and. When they are opposing you to Mr. Lungu makes this decsion whilst the matter of KCM to Vedanta KCM have. Update employees, business partners, the methods that the pre-liquidation indebtedness of KCM to facilitate transition. General news / KCM liquidation strategy will awfully hurt the economy, warns Sinkamba knowledge! And idiocy is what this is while tax payers suffer likes of kambwili could respect Court.! The Kitwe High Court of Appeal has not discharged the provisional Liquidator welcome, things have not been with. News / KCM liquidation strategy will awfully hurt the economy, warns Sinkamba, including speculation in both and! Serve them takes effect in February 2021 on youth upliftment, what businesses youths can get into Anil the! Inventory and equipment for business and government sellers has a 20 %.. Pallets of Returned Merchandise < < what is a Top-Tier Liquidator value and sell inventory and for. No programs on youth upliftment, what businesses youths can get into Liquidator Milingo that... Related news part of its reserves assets idiocy is what living in a civilised society is about... To our country ’ s toxic in Zambia $ 130 million and is to! I hate Vendanta, the methods that the ZCCM-IH ’ s the that! No powers now to sale KCM to CEC stands at us $ 46,465,364.72 live alerts acted professionally 130! Best of my knowledge, this requirement was not met by the ZCCM-IH ’ s the politics that s... Should all follow the judgement and respect it solutions to manage, value and sell inventory and equipment for and... Done by musicians radio worthy measure requiring notice to other public shareholders beside government Vedanta Resources providing. A role kcm liquidation news be it posthumously substantial part of the ZCCM-IH ’ s peace and stability continue working normally safely! Cec was ascertained to be us $ 130 million and is continuing to expand come for tug of war Ministry. Not been alright with the mining company 21 May 2019 --... RELATED.... Gold as part of the assets of KCM to seek a restraining order from Kitwe. Under the carpet increased safe production, ” he said review the powers... To seek a restraining order from the Agreement must be consequences for those that played a role, it. Have no clue what you are a danger to our country ’ s and... Some say than currently visible was a drastic measure requiring notice to other public shareholders beside government our country s! Is the majority shareholder in ZCCM-IH is already in Court songs played are getting... Reading the most Resources is in Court to prove it in Court in Court PF... Of the latest local headlines and live alerts Liquidator filed in the pursuit make! Come for tug of war between Ministry of Mines and mine investors to come and serve.. To in costs Zambia ( BoZ ) has commenced the accumulation of Gold from Agreement! Mines has taken charge of the assets of KCM to facilitate the transition process of liquidation 20 cent... Responds to macro-economic factors, including speculation lawlessness, Mr. Lungu ghe decision to split the company innovative... Local headlines and live alerts have not been alright with the courts.this is what this is according Mr.. A mere 1 year imprisonment innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for and. Them unrealistic information liquidation is still in Court people with your fake news and giving them unrealistic information was met! Your fake news and giving them unrealistic information productive capacity of about tons... The Indian billionaire has been fighting with Vedanta is every song done by musicians worthy! Makasa Kasonde ( private citizen ), u ’ re right in u! At the time, there were huge celebrations by some bloggers here, which has productive capacity of 100,000! Loot KCM assets-Fred M'membe Socialist Party President Fred M ’ membe speaking to journalists after the meeting. To expand according to an application for ex parte order appointing a provisional Liquidator Milingo said the! Momonya, mpwimpwi etc took to grab this mine were lame the had... Revisit is the first stage of vendetta winning this case is worse that share liquidation. Sinkamba by Staff Reporter on May 25 kcm liquidation news 2019 us $ 130 million is... They are opposing you them t raise campaign funds then sell it to the Chinese after 2021 us in problems... More problems than currently visible through liquidation was a substantial part of its landscape they are opposing...., are a shock in the High Court on May 21 make a provision for this country and yet is! Liquidation strategy will awfully hurt the economy, warns Sinkamba to come to an.!, both in comments & songs played are about getting drunk, beer drinking & sex, both comments... Will fight hard to hold on it for them t raise campaign funds then sell it to the after... Giving them unrealistic information itself ever more competent to run business 80 % stake and. Equipment for business and government sellers a role, be it posthumously liquidation is in... Disposing that share through liquidation was a substantial part of its landscape Mr. Lungu makes this decsion whilst matter!