EXCLUSIVE: Zambian court halts sale of KCM copper assets until July

摘要

The Lusaka High Court in Zambia ruled on Wednesday June 26 that the appointed liquidator of Vedanta-owned Konkola Copper Mines (KCM) could not dispose of the assets, which include the country’s largest copper smelter Nchanga, according to a court document seen by Fastmarkets. The ruling - titled “Ex-parte order to stay some of the powers of the provisional liquidator” - stated that certain acts could not be performed by the liquidator during the wind-up petition, which has excluded majority shareholder Vedanta from the legal proceedings.