The group produces aluminium, copper, zinc, lead and iron ore and also commercial energy. The protracted legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambia's state mining arm ZCCM-IH. 43628), whose registered office is at Stand M/1408, Fern Avenue, Chingola, Republic of Zambia (which shall include any permitted assigns or successors of the rights and obligations of Konkola Copper Mines plc) ("KCM"). KCM We mine. 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 Copper Mines Plc (KCM) is the largest mining and Metals Company in Zambia with annual capacity of 200,000 metric tonnes of copper. There are 6 companies in the KONKOLA COPPER MINES PLC corporate family. The Copperbelt Energy Corporation Plc (CEC) will, effective 1 June 2020, 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. ... an investor that broke the law,” Mr Musukwa told the annual Investment in Africa Mining Indaba. 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. July 20th 2016. We care. WHEREAS: 1. We Serve. Minister criticises group after state’s seizure of Konkola Copper Mines last year. For this, the investors have been downsizing the mine’s workforce apparently in an effort to stay afloat. 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. Join to Connect. 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 313c kcm technical assesment report.doc January 2008 IMC Group Consulting Ltd Technical Assessment Report of Konkola Copper Mines Plc as at 12th August 2005. The imported concentrates are required for smelter and blending operations. Konkola Copper Mines plc (operator) 100 %: Direct: Vedanta owned 79.4% of the share capital of KCM. Alongside its core work providing a platform for Human Rights advocates, the Resource Centre runs several focused programme areas and regularly releases briefings and … Vedanta Resources Limited Approach to Sustainability and CSR. Still, the company valued the assets at about $1.6 billion in its most recent annual report… ... company valued the assets at $1.6 billion in its 2018 annual report. Phone: +260-212-350604 KCM’s total mine production for the year was recorded at 177,035 tonnes (2018:144,664 tonnes). Sediment-hosted; Source: p.22. Loss after tax was ZMW3.72 billion (US$ 332.2 million) [(2018: ZMW1.102 billion loss (US$131.6 million)]. The Zambian mine was owned by Konkola Copper Mines, for which Janakaraj was head of operations. KONKOLA COPPER MINES PLC, a company incorporated in the Republic of Zambia (registered no. 1 shaft”) and the Kirila Bombwe North ore body (the “No. publish the report on its website. Over the 15-year period, KCM has employed, on average, … The proposed project is planned to produce 50,000 tonnes of finished copper per year. KCM is Africa’s largest copper mine and the largest mining … Konkola Copper Mines plc 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. SAFETY MAGEMENT TRAINEE at KONKOLA COPPER MINES Pcl (KCM) Zambia 404 connections. KONKOLA COPPER MINES PLC is located in Chingola, Zambia and is part of the Copper & Nickel Mining Industry. Konkola Copper Mines. 2. The company valued the assets at $1.6 billion in its last annual report. BACKGROUND1 Konkola Copper Mines plc (KCM) is the largest copper producer in Zambia, exporting copper and cobalt cathodes. KCM We mine. Vedanta Resources Limited has made substantial positive steps forward to … In 2013, the production was 739,291 metric tonnes of copper and 1,957 metric tonnes of cobalt. Konkola Copper Mines (KCM) is the largest copper producer in Zambia, exporting copper and cobalt cathodes. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. Kasola Jeff. Konkola Copper Mines (KCM) is a leading Zambian integrated copper producer, which operates underground mines and open pit mines as well as metallurgical plants with operations located on one of the highest-grade copper seams in the world at Nchanga, Konkola, Nkana and Nampundwe. Indian-based metals and mining group Vedanta Resources said on Thursday it will fight any attempt by the Zambian government to sell its Konkola Copper Mines (KCM) business to third parties. 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. Zambia determined to find another investor for Konkola mine - mines minister. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year. The assessment report follows the complaint in itemizing its responses to issues raised. 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; Freddy Muntete in his garden. The company only commenced production in October 2012 and is thus still in its nascent stages of operation. INTERNATIONAL - Zambia’s Konkola Copper Mines (KCM) smelter was on Wednesday shut down for annual maintenance two days earlier than planned after a … Konkola Copper Mines (KCM) has been reorganised and restructured into two subsidiary companies effective February 1, 2021 in a bid to increase efficiency, foster optimization and boost business opportunities. commodities produced in Zambia. Deposit Type. Konkola Copper Mines 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. Last year, efficiency improved and the Konkola Copper Mines (KCM, the country's largest) turned out a pound of copper for 85 cents. We Serve. There are 6 companies in the KONKOLA COPPER MINES PLC corporate family. Group’s sales by geographical market, … 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. 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. Speaking during a briefing in Chingola, … KCM Konkola Copper Mines MCM Mopani Copper Mines MMEWD Ministry of Mines, Energy and Water Development MoF Ministry of Finance MoL Ministry of Lands MoLGH Ministry of Local Government and Housing MSD Mines Safety Department Mt Metric tons MTEF Medium Term Expenditure Framework OAG Office of the Auditor General PAC Public Accounts Committee PFM Public Financial Management … 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. 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. Summary: The geological setting of the Zambian Copperbelt is … Manager Metallurgical ... WINA Head Env. 3 shaft”). Informing its employees, KCM stopped operations from 4 January due to a drop in the availability of acid. 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