The Kitwe High Court has discharged an interim injunction it granted to Konkola Copper Mines -KCM- which sought to stop Copperbelt Energy Corporation (CEC) from restricting power supply to the mining giant.
This is in a matter where CEC started restricting power to the firm after it allegedly failed to settle over 1-hundred million dollars debt it owes the energy firm.
This now means CEC can continue restricting power to KCM as it pushes for the mining firm to settle its debt.
Passing ruling this morning, Kitwe High Court Judge Evaristo Pengele stated that he sees no basis for granting KCM an interim relief pending arbitration because they have not demonstrated that there is any serious dispute to be determined at arbitration.
This is in a matter where KCM applied in the Kitwe High Court for an order of interim relief pending arbitration.
The mining firm also sought an interim injunction to restrain CEC from effecting a power supply restriction to KCM, as the move would have irreparable damage on the operations of the mining firm.
In May, the court granted KCM an ex-parte order for interim relief pending arbitration.
But lawyers representing CEC urged the court to vacate the interim injunction because it had been overtaken by events.
However, Justice Pengele said in order for an application for injunction to succeed, the applicant must establish that they have a clear right to relief in the main matter.
PF Forcibly took over a company, KCM, which they cannot manage – what was the point?
Government-created mess. I see a possible appeal by KCM, read: the Attorney-General. The government to come after PF has big job on its hands. Hope they manage to correct some of the problems they will inherit from the PF. Zambia simply cannot afford anything worse than the current mess: the shambles in public finances, indiscipline on the road, corruption in government procurement and all manner wrong.
What is going on mwebantu? This is day 4 without a scandal. Are we in Zambia?
You cannot try and sabotage a countries source of income and livelihood and think you will get away with it. This shows the criminals that are running CEC. Good riddance as we can live without them but they cannot manage without us.
ON THE DAY THAT THEY RESTRICT POWER GOVERNMENT SHOULD LOCK UP THE UNPATRIOTIC CEC DIRECTORS FOR SABOTAGE. THE GAOL KEYS SHOULD BE THROWN IN LAKE KARIBA..
AND THEN CEC SHOULD BE NATIONALISED SAME DAY
END OF STORY
ON THE DAY THEY RESTRICT POWER GOVERNMENT SHOULD LOCK UP THE UNPATRIOTIC CEC DIRECTORS FOR SABOTAGE.
ON THE SAME DAY THEY RESTRICT POWER GOVERNMENT SHOULD NATIONALISE CEC
END OF STORY
We told you fooooools but you chose to listen to drunkards like SG Mwila and Aunty Maggie….this is going to cost ZESCO and taxpayers big time. PF will soon run KCM into the ground like termites chewing through a plank of wood.
Yeah Guys,
Mining is a STRAGETIC industry.
I remember working in Luanshya and Chililabombwe from 1981 to 1994, it was stresses how important mining was to the economy….And we worked accordingly
Look at the ignorant comments above….this is why PF officials have been known to camp on people’s land and start demarcating it. You cancelled the contract with CEC but didn’t have a plan on how to transport power to the customer
PF are undoubtedly the biggest bunch of *****s that I have ever known. But is it any wonder that they have a President who has never achieved anything in his whole life, a failure who couldn’t manage a marriage. These chaps have however managed to run the country’s economy into the ground – bravo – and are continuing to do so git the foreseeable future. What a bunch of clowns
It serves these thieves good. In business you don’t bully your way kwati no ntemba ye bange kucibolya especially when you are so ignorant of everything including your own sex whether you are male or female.
People have invested and grown the company over a long period elo bangwele ati sangwapo? You should be ashamed if not for anything but of your curse.
We told you kaili, but in the meantime, wait for the next plea where KCM will claim losses & injuries to their profits & business. Guess how much that ll be? hahahaha.
This is about electric power supplied to them which they’re not paying for. It has nothing to do with the receivership. CEC aren’t party to it.
Charles Banda, the minister of local government is on Sunday interview right now. Hear it for yourself how some PF local authorities are mismanaging things. Unbelievable!