Reinsurance-Conflict of laws-Mine in Zambia insured by local and Bermuda insurers-Reinsurers placed in London market-Claim brought by mine owner against insurers in Zambia under specific perils cover and against insurers in England under all risks cover-Reinsurers joined as Part 20 defendants to English proceedings-Whether English
Operations Nchanga Copper mine, 2008 The company is 80% owned by Vedanta Resources and 20% owned by the state mining company of Zambia, ZCCM Investments Holdings.KCM produces 2 million tons of copper ore per year. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year.
The largest of the mine assets, Konkola, is the most northerly of the Copperbelt mines and is located 26 kilometres from Chingola. The mine has three operating shafts – Shaft No. 4, Shaft No. 3 and Shaft No. 1. Sinking of the No. 4 Shaft reached its desired depth of 1,500 metres in 2012. The mid-shaft loading was completed in April 2010 and
U&M argues that KCM's actions in Zambia are obstructive and in breach of the arbitration agreement, while KCM asserts it is protecting its contractual rights pending LCIA Arbitration in London. The court must determine whether the Zambian proceedings constitute a breach of contract and whether the English court has jurisdiction to grant interim relief.
Konkola Copper Mines Plc (KCM) is one of the leading integrated copper producers in Africa, and aims to become a major global copper producer. KCM is primarily engaged in the exploration for, mining, production and sale of copper and copper by-products. KCM is a subsidiary of Vedanta Resources Plc, a London Stock Exchange listed and one of the
Welcome to Konkola Copper Mines Konkola Copper Mines plc (KCM), one of Africa's largest integrated copper producers, is a subsidiary of Vedanta Resources Plc, one of the world’s largest diversified natural resources companies. More
The Konkola mine comprises a large underground mine and an on-site concentrator. The Zambian government seized Vedanta's copper assets in 2019. On 6 November 2023, Vedanta Resources and the Zambian government sealed an agreement that restores the ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle.
Konkola Copper Mines plc | 21,273 followers on LinkedIn. 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. The group produces aluminium, copper, zinc, lead and iron ore and also
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U&M Mining Zambia Ltd v Konkola Copper Mines plc-Keating Chambers. Citation: CILL 3328; [2013] All ER (D) 193 (Feb); [2013] 2 Lloyd's Rep 218; [2013] 1 CLC 456;
the. basis for the grant of leave. We stated (at J56) as follows: Where leave to appeal is granted on the basis that the. appeal raises a point of law of public importance and it is. possible to isolate such point of law of public importance. in the proposed appeal, this court will confine itself to.
The Konkola mine is situated in Chililabombwe, approximately 26 kilometres north of Chingola, and is the most northerly of the KCM’s Zambian Copperbelt mines. These mining operations currently exploit the Chililabombwe ore body by underground methods and have historically been focused on two existing shaft systems, No. 1 shaft and the No.
U&M Mining Zambia Ltd v Konkola Copper Mines Plc [2014] EWHC 3250 (Comm) (10 October 2014) Practical Law Case Page D-027-6293 (Approx. 1 page) Ask a question
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KCM addresses 28th International Copper Conference in Brussels Sets out challenges and opportunities in Zambia’s Copperbelt. February 27, 2015. Brussels, 26th February, 2015 – Despite current challenges affecting the copper mining industry, Konkola Copper Mines (KCM), Zambia’s largest integrated
U&M Mining Zambia Ltd v Konkola Copper Mines Plc. Smart Summary (Beta) Court and Jurisdiction: High Court of England and Wales. Summary: U&M obtained an anti
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