KCM appoints Messrs Makebi Zulu Advocates 

By Staff Reporter

 

KONKOLA Copper Mines Plc has appointed Makebi Zulu & Advocates to act on its behalf in a case in which ZCCM-IH has asked the court to wind up the mining firm.

And Vedanta Resources Holding Limited, the intended second respondents have appointed Mulenga Mundashi Kasonde Legal

Practitioners and Corpus Legal Practitioners to represent them.

According to appointment notices filed into the Lusaka High

Court principal registry, KCM stated that it has appointed Messrs Makebi Zulu Advocates as their lawyers and advised that all correspondence relating to the matter be addressed and sent to the lawyers.

On Tuesday, ZCCM-IH asked the Lusaka High Court to wind up KCM

on grounds that it was insolvent as it had failed to pay outstanding invoices to suppliers and contractors as and when they fall

due among other issues.

ZCCM-IH also alleged that KCM engaged in massive tax evasion

through mis-pricing and that the mine failed to run the mining areas in Chingola and Chililabombwe where they carried out mining operations in breach of section 35(10 (b) of the Mines and Minerals Development Act of 2015.

The High Court has since appointed lawyer Milingo Lungu as

provisional liquidator.

Lungu has been given powers to carry on the business of KCM so far as

it is necessary for the beneficial winding up and other responsibilities.

However, the majority shareholder, Vedanta Resources Holding Limited has applied for a joinder, arguing that they have locus standi

to be joined to the proceedings as it was likely to be affected with

the outcome of the case.

The application will be heard Friday, tomorrow.