Company Comment
SA must pay attention to damage Zambia has done to its mining industry
The last thing SA needs is an antagonistic relationship with a major mining company that spins out of control and beyond reason
16 July 2019 - 18:10
A strange battle is playing out in Zambia over the Konkola Copper Mine (KCM), and it has come to court in Johannesburg as India’s Vedanta and the Zambian government wrestle for control of the assets.
The forced liquidation process of KCM, which is backed by the government, and which was launched by ZCCM Investment Holdings — the state-owned mining company that holds a 20% stake in the mine — is odd...
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