KONKOLA COPPER MINES owner, Vedanta Resources, has asked the government and provisional liquidator Milingo Lungu to engage with it in the best interests of all stakeholders involved.
It says it would never, under any circumstances, involve itself in nor countenance the “sabotage” of any mining or processing operation.
Vedanta, in press release dated July 13, 2019, said allegations currently making the rounds in Zambia implying its involvement in certain problems being experienced at KCM’s operations are baseless.
“Vedanta denies these allegations, reportedly made by members of the government of Zambia. Vedanta would like to point out that it has not had access to any KCM operational site or office nor has it been able to contact KCM staff, for over three weeks – since the appointment of the Provisional Liquidator for KCM,” reads the statement in part. “Vedanta has, from the outset of what it feels is an unfair and unjust process, been deeply concerned about the very real risks posed by the ex parte Provisional Liquidator appointment and winding-up process to KCM, its operations, employees and local communities.”
Vedanta said with such concerns in mind, it wrote to the Milingo Lungu on May 31, flagging a number of areas of concern.
“These included the need to maintain security to ensure asset theft did not occur, and the risk to operational infrastructure should assets stand idle or underground water pumping cease,” it said. “Given the allegations, Vedanta has been trying to contact the Provisional Liquidator to discuss these concerns, as well as to request an update on the current status of KCM’s operations as a whole. Vedanta would urge the Provisional Liquidator and the government of Zambia to engage with us, in the best interests of all stakeholders involved.”
Vedanta said it would never, under any circumstances, involve itself in nor countenance the “sabotage” of any mining or processing operation.
“Vedanta is absolutely committed to resolving the current situation using all available means. It urges the government of Zambia, ZCCM-IH and the Provisional Liquidator to take the same approach,” said Vedanta