By Ruth Kamwi
Konkola Copper Mines -KCM- Provisional Liquidator Milingo Lungu says the restructuring and re-organisation of KCM, as announced on December 28 , 2020, will now resume following the discharge of an injunction by Vedanta Resources Limited.
Lungu says the Human Capital Management department will resume the distribution of letters of employment offer to employees, who will be employed by either the Konkola Mining Resources Limited or KCM Smelter Company Limited.
He has noted that other relevant departments and functions will proceed to effect their respective and appropriate actions regarding the restructuring.
This is in the wake of the Lusaka High Court dismissing the case and further discharging the injunction obtained by Vedanta Resources Limited, on January 18, 2021 in which it sought to stop the ongoing restructuring and reorganization of Konkola Copper Mine Plc.
High Court Judge Winnie Sithole Mwenda dismissed the matter with costs to be paid by Vedanta, noting that filing of the injunction was irregular.
Lungu further noted that the restoration of KCM’s technical health remains the key objective to which all efforts must be directed.
He notes that this will increase efficiency and business opportunities, as well as asset and resource optimization in the restructuring of the mine.
This is contained in a statement issued to ZNBC News by KCM Acting Public Relations and Communications Manager, Victoria Zimba.