They pointed to a previous case, U & M Mining Zambia Ltd v Konkola Copper Mines Plc [2014] EWHC 2146 (Comm), in which three English judges had found—in unusually strong terms—that KCM had ...
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Please contact customerservices@ ... U&M Mining Zambia Ltd -v- Konkola Copper Mines Plc [2014] ... This is the latest judgment to emerge from the ongoing dispute between U&M Mining Zambia Ltd (U&M ...
The court had explored the reasons KCM might want to hide its financial position and Justice Coulson refers to the case of Konkola Copper Mines Plc v U&M Mining Zambia Ltd heard in the London Court of Arbitration in 2014 in which Justice Eder found that KCM was close to bankruptcy and ‘ may not be good for the money ‘ (in that case $55 ...
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U&M Mining Zambia Ltd (“U&M“), the Claimant, was charged with the operation of one these mines. The terms and conditions for the provision of these services were set out in various contracts, including a Footwall and Hanging Wall agreement dated 15 December 2011 (the “ FW/HW Contract “), under which these proceedings were brought.
January 2012. Attorney General v Tembo (Appeal No. 4/2010) [2012] ZMSC 1 (7 January 2012); Kiddax Limited v Chavda and Zambia National Commercial Bank PLC (Appeal No. 139 of 2005) [2012] ZMSC 2 (16 January 2012);
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The 9 th Zambia International Mining and Energy Conference & Exhibition (ZIMEC 2019) will take place from 13– 14 June 2019, in Lusaka, Zambia. The event is organised by AME Trade Ltd, United Kingdom with the support of The Zambian Ministries of Mines and Energy and Zambia Chamber of Mines
Mining companies in Zambia are focused on extracting the country’s vast copper and uranium deposits, as well as the more limited gold, nickel and industrial deposits. For companies interested in conducting mining operations, or opening mining companies, in Zambia, Zambia’s Ministry of Mines, under which falls the Chamber of Mines, is the ...
May 31, 2016· In his judgment Mr Justice Coulson also referred to the judgment in U & M Mining Zambia Ltd v Konkola Copper Mines PLC (2014) where the English court had previously found that KCM had repeatedly acted in a dishonest and unjustified manner.
Lubambe Copper Mine is located within the Greater Konkola Area of the Zambia Copperbelt and consists of a large-scale mining license covering an area of approximately 240 square kilometers. The mine is a modern, world-class facility with fully mechanized underground operations.
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Konkola Copper Mines has been ordered to pay U&M Mining Zambia a sum of US$ 90 million by the London International Court of Arbitration for breach of contract.
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The claimant, U&M Mining Zambia Ltd (U&M) had a contract with the defendant, Konkola Copper Mines Plc (KCM), to operate a copper mine in Zambia. The contract was governed by Zambian law and provided for LCIA arbitration in London.
Personally, I also want to see improved monitoring of the mining sector, better compliance, a stable mining policy and fiscal regime, and improved budgetary allocation to the Ministry of Mines.
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Furthermore if there were any doubt about it, the findings of Eder J in Konkola Copper Mines Plc v U&M Mining Zambia Ltd [2014] EWHC 2146 (Comm); [2015] 1 CLC 314, firmly support the suggestion that there is a risk that KCM may not be able to honour their debts as they fall due.