By GRACE CHAILE-LESOETSATHE Lusaka High Court has dismissed a matter in which Vedanta Resources Holdings Limited and two others sued Konkola Copper Mine (KCM) provisional liquidator, Milingo Lungu, challenging the reorganisation of the mining firm.High Court Judge Dr. Winnie Mwenda said the application for leave was improperly before the court and it had no jurisdiction to entertain it.But Vedanta says it is disappointed at the judgement and continues to believe that the provisional liquidator is currently contravening the limitations of its office and will be consulting its legal team as to its next steps.Last December 28, Mr Lungu issued a management brief to KCM employees, announcing the reorganisation of the giant mining firm.Under the reorganisation, Mr Milingo proposed to restructure KCM into two subsidiary companies effective February 1, this year.But the three, Vedanta Resources Holdings Limited, Vedanta Resources (Jersey II) Limited and Vedanta Resources Limited challenged the splitting of the firm in the Lusaka High […]
Vedanta lose suit against KCM liquidator
