BREAKING: S/Africa Court orders ZCCM-IH to Withdraw KCM Liquidation Case

BREAKING: S/Africa Court orders ZCCM-IH to Withdraw KCM Liquidation Case

The South Gauteng High Court in Johannesburg has granted Vedanta Resources an urgent interim injunction against ZCCM-IH and liquidator Milingo Lungu.

This means that ZCCM-IH is obliged to withdraw the winding up process of KCM from the Lusaka High Court and resolve all shareholder disputes through formal arbitration in South Africa as was stipulated in the shareholders agreement.

More details later.