Friday, October 25, 2024
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Guinea Take Control of CHAN Group D

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Guinea have taken control of Group D at the Cameroon 2021 CHAN after thumping Namibia 3-0 in the two teams opening match in Limbe on Tuesday night.

Zambia beat Tanzania 2-0 in the other Group D match played earlier on Tuesday

Guinea and Zambia are joint top of the group on three points apiece although the West Africans have a superior goal difference.

Tanzania and Namibia have zero points after losing their respective opening matches.

Zambia will face Guinea in their next group match on Saturday while Tanzania plays Namibia on the same day.

Micho Calm After Chipolopolo Victory

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Coach Milutin ‘Micho’ Sredojevic has chosen to remain calm despite engineering Chipolopolo’s 2-0 win over Tanzania in the opening Group D match of the Cameroon 2021 CHAN in Limbe on Tuesday.

Zambia and Guinea are joint top of Group D with three points each following their respective wins on Tuesday.

In a post-match media briefing, Micho said Zambia must improve as the CHAN progresses.

“No team wins the trophy after just winning the first game in the tournament,” said Micho.

“Winning the opening match is a good step, but we are still far from playing our best,” said the Serb.

Chipolopolo is now preparing to clash against Guinea on January 23 before facing Namibia on 27 January.

Tanzania coach Etienne Ndairagije said he regretted the loss to Zambia.

“The game was basically a 50/50 and our opponents Zambia managed to capitalize and take their chances,” said Ndairagije.

Makwaza Appointed Jumulo Coach

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Linos Makwaza has been appointed coach of FAZ Copperbelt Division One side Jumulo Football Club.

Makwaza, who has signed a one year contract, replaces Ghanaian coach Ernest Koffi who was fired on Sunday.

“Veteran coach and former Zambia national team player Linos ‘Socrates’ Makwaza has today signed on the dotted line as coach for Jumulo Football Club,” the club announced on Tuesday.

The Power Dynamos and Chipolopolo legend will be assisted by ex-Zambia defender Francis Kasonde, Lucky Chitalu and Thomas Ndhlovu.

Makwaza has previously coached Nkana, Napsa Stars and Konkola Mine Police.

Meanwhile, Jumulo have four points from the first two matches of the delayed 2020/21 season.

Mopani deal in simple terms

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Glencore has agreed to sell 90% of its shareholding in Mopani Copper Mines to the Government of Zambia(ZCCM-IH). At the completion of the transaction Mopani will be wholly owned(100%) by ZCCM-IH.

Terms of the Transaction:
ZCCM-IH will pay of US$1 for the assets and liabilities. The liabilities include the debt of US$1.5bn Mopani owes Glencore group. This will be a transaction debt on completion.
Glenmore will retain the off take rights of Mopani Copper production until the debt is fully settled.

The debt will be paid as follows;

  1. Interest of transaction debt will be capitalized for the first 3 months (simply meaning it will report to the balance sheet and not the income and expenditure statement) and thereafter paid quarterly at LIBOR+3%
  2. Principal outstanding payment(dual mechanism):
    (i) 3% of gross revenue of Mopani(2021-23) and 10-17.5% of gross revenue thereafter and (ii) 33.3% of EBITDA minus (tax +changes in working capital+royalty payments+interest+payment in first mechanism).

Is it a good deal?

The sponsor and shareholders on Glencore’s side love it, and they did not waste time to confirm it in writing. Glencore has a net debt of about US$15bn and if this deal goes through they would have managed to slice off their net debt by 10% by a stroke of a pen. This is killing two birds with one stone, getting rid of underperforming assets and improving the credit score in the process.

What exactly is GRZ buying in Mopani?

  1. Measured Mineral Resources at 207Mt @ 2.08%Cu and 0.08%Co(4.3MtCu and 165ktCo). NPV of US$1.9bn at metal production rate of 100kt over LOM of 43yrs at copper price of US$6800/t, discount rate of 5% and unit cost of US$3400.
  2. Proved Ore Reserves at 110Mt @ 1.98%Cu(2.2MtCu). NPV of US$2.6bn at metal production rate of 100kt over LOM of 22yrs at copper price of US$6800/t, discount rate of 5% and unit cost of US$3400. Take away the debt the NPV goes down to only US$1.1bn

Current Performance of Mopani

Mopani has produced 153.2kt of copper from its own sources in the last 45 months, that is an average of 3400tpm of copper. At the price of US$6800/t that is a revenue of only US$278m per year.

To be able to pay off the debt Mopani needs to go back to the production performance levels of 2011 when it produced 101.4kt of Cu and 0.6t of Cobalt and pray hard that the prices of these two commodities go up and match those prevailing at the time.

In 2011 Mopani grossed US$893.6m from copper and US$21.2m from Cobalt, making total revenue of US$914.8m(yes almost a billion dollars!!). The average copper price in that year was unprecedentedly high at US$8813/t and Cobalt at US$35242/t, almost everyone made money in that year.

Was it a fools paradise at Mopani? Are good times on the horizon?

Yes, good times are back but not as good as 2011, with Covid-19 you just don’t know.

I am not a fan of the government, any government, especially our GRZ running any business, especially serious businesses like mining where reputation with suppliers, financial institutions, and customers is a treasured commodity. I have every confidence in the technocrats at Mopani to pull it off, that is getting Mopani to above 9ktpm but the problem is, will they get the financial and governance support they need?

In the current state in which Mopani is right now, Glencore has scored, it is very good on their side because they know very well how much money is needed to get Mopani to a 100ktCu per year operation, its not a small change.

The government will need to spend serious money on development which might need some shafts and turn the measured mineral resources into proved reserves and increase the Mopani NPV to US$3bn.

By B.Mushikita

(Facebook post)

Mine Workers Union of Zambia Welcomes Government’s 100% acquisition of Mopani Mine

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Mine Workers Union of Zambia and the National Union of Mines and Allied Workers have Welcome Government’s 100% acquisition of Mopani Mine.

Mine Workers Union of Zambia president Joseph Chewe said the acquisition of 100 percent shares in Mopani by ZCCM – IH comes as a relief to the mineworkers. Mr. Chewe thanked President Edgar Lungu for taking into consideration the plight of the workers. He said it is the desire of the workers that Government carefully scrutinizes potential equity partners for the Mine as it is a pillar of the country.

And National Union of Mines and Allied Workers President James Chansa said the mineworkers will support the candidature of President Lungu as he has listened to their plea.

Yesterday Glencore Plc has agreed to sell its stake in Mopani Copper Mines Plc to the Zambian government for $1.5 billion, but will get just $1 upfront. Once the deal is complete, Mopani will owe its previous owners $1.5 billion that will be repaid from sales and profits going forward. Glencore, will retain offtake rights for Mopani’s copper production until the debt has been paid.

UPND Parliamentary whip and Liuwa Member of Parliament Situmbeko Musokotwane
UPND Liuwa Member of Parliament Situmbeko Musokotwane

However, United Party for National Development (UPND) Mp and Former Finance Minister Situmbeko Musokotwane has told the UK’s Financial Times that the terms of the Mopani takeover meant that “history is repeating itself” with a mine nationalisation that was a bad deal for Zambians.

Dr Musokotwane said that Mopani would be devoting a share of revenue to pay off the Glencore debt.

“Whether Mopani makes profit or not, the first call on revenue is to pay Glencore. It is therefore easy to see that there will be times when core business activities in the mines will not be funded so that Glencore gets paid.”

Funeral gatherings pose challenge in combating Covid-19

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Overcrowding at funerals has continued to pose a challenge to efforts aimed at containing the spread of Covid-19 in Chipangali district.

And members of the District Epidemic Preparedness Committee have expressed concern with the practice that has continued despite the rising numbers of Covid-19 positive cases in the country.

Reformed Church in Zambia (RCZ) Reverend, Joseph Soko noted that the church was finding it difficult to tell people not to attend funerals in large numbers because of the tradition which was attached to those rites in the area.

Rev. Soko said there was so much tradition attached to funerals especially in rural areas, making it difficult to encourage people to gather in smaller numbers in order to protect themselves from contracting coronavirus.

Rev. Soko was speaking during the Covid-19 weekly update meeting held at Kasenga primary school in Chipangali district yesterday.

He observed that people did not even follow health guidelines of masking up, frequent washing of hands and observing social distancing.

“I wonder what can be done for one to lessen that. People have attached a lot of tradition to funerals and when you advise, you are told that you cannot prevent them from mourning their loved ones,” Rev Soko said.

And chairperson of the committee Peter Msimuko said according to health guidelines, only 50 people are supposed to attend a funeral but at village setup that is not being followed.

Mr. Msimuko, who is also Chipangali District Commissioner, has meanwhile appealed to churches to reduce preaching time at funeral services to allow people to disperse in good time.

“I am appealing to the church mother bodies to help share the message of reducing on preaching time so that people can go back to their homes in good time. This time around, funerals should not be avenues for showing how good you can preach where you spend a lot of time but should be brief so that you allow people to disperse,” he said.

He also challenged traditional leaders to help control the number of mourners at funerals if the district was to fight Covid-19 with consented effort.

Meanwhile, Chipangali Council Secretary John Mwanza said there was need for more sensitisation about Covid-19 in villages to make people understand and reduce the days of mourning.

Mr. Mwanza said some families mourn for more than five days as they waited for their relatives who could still be traveling long distances.

He observed that this puts those that are at the funeral house at risk of contracting coronavirus because of many people frequenting the place.

ZEMA calls for Legal Sand Mining

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The Zambia Environmental Management Agency (ZEMA) has called on people that want to venture into quarrying or sand mining to consult the agency on how best they carry out their businesses without harming the environment.

ZEMA acting Manager for Corporate Affairs Friday Phiri said the environment is a common heritage that supports life and every kind of activity taken would have an impact on people in one way or another.

Mr. Phiri explained that ZEMA is one of the authorities in terms of all mining activities hence those who have been granted mining licences should get in touch with the agency for further guidance.

He said the agency has environmental experts that would give guidance on whether an activity needs an Environmental Impact Assessment (EIA) in order to give conditions on what should or should not be done.

“Basically the EIA process is supposed to be undertaken before the implementation of every development project and an approval or rejection would be given depending on the results,” he explained.

He said the agency ensures that the environment is protected and sustainably used so that the future generation can also benefit from the same.

Commenting on concerns that were raised on illegal sand mining going on along the Kafue river in Magoye, the ZEMA acting Manager for Corporate Affairs said the agency will work with the Ministry of Mines and the local authority in the area to quickly bring the activities to an end.

He said the Magoye river flows into the Kafue River which supports a lot of people and activities that would suffer if it was blocked.

Mr. Phiri further called all those involved in illegal environmental activities to stop because the same actions will eventually haunt them.

“We need to engage in sustainable livelihood activities that will not only be to our benefit but also take care of the needs of the future generations,” he said.

Mr. Phiri said the agency does not condone illegal sand mining or putting up of developmental projects without following procedure.

He warned that those that will be found wanting would face the law as stipulated in the Environmental Management Act of 2011.

Lack of transport, fuel, airtime impedes Covid-19 follow-ups

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A public health specialist at the Lusaka Province Health Office says inadequate vehicles, fuel and airtime have continued to pose a challenge in making contact tracing relating to Covid-19 in the region.

Dr Bushimbwa Tambatamba stated that the province does not have adequate resources to follow-up known contacts of patients saying it takes time for health officers to trace the contacts of the patients.

Speaking during a Covid -19 multi-sectoral response meeting, Dr. Tambatamba said there was need for stakeholders to intervene and ensure that all known contacts are tested in order to prevent the further spread of the disease.

And Lusaka Province Permanent Secretary (PS) Elias Kamanga has called on the Lusaka province finance committee to be innovative and come up with ways of mobilising resources to supplement government efforts in the fight against the Covid-19 pandemic.

Mr. Kamanga observed that most local authorities and health centres in the province are faced with financial difficulties hence the need for the committee to engage different stakeholders that will help in providing requirements such as airtime, masks, and transport.

He noted that there have been reports from the districts where health personnel have been failing to keep track of the people who test positive for Covid-19 owing to lack of airtime.

The PS said it was unacceptable for health personnel to fail to acquire airtime and find transport to check on people who have been put on self-isolation.

Mr. Kamanga noted that there were a lot of partners who are willing to help and the provincial finance committee should write letters to them to address the problems of airtime and transport.

“I wish to challenge the Lusaka provincial finance committee to write to different stakeholders to come on board and partner with the councils and the Disaster Management and Mitigation Unit (DMMU),’’ he said.

Mr. Kamanga has since urged both the council and the health personnel to partner with mobile phone network companies so that they could also provide them with airtime.

Chibamba Kanyama’s quick Thoughts on on the Government acquisition of Glencore owned Mopani Copper Mines

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1. This deal was somewhat unavoidable given the threats made by Glencore to shut down some of the operations under its care. This would have led to loss of about 13,000 jobs. Given the context of high unemployment levels in the country, the shut down would have had serious economic, social and political consequences.

2. ZCCM IH showed determination to go ahead with this transaction despite strong voices not to proceed. This somewhat demonstrates the company and government itself have better information on the whole deal than the rest of us. We only hope that the country will not come back ten years from now questioning the wisdom of the transaction/negotiation team and advisors. I should add that I saw great leadership over the whole Mopani issue in past one year.

3. The transaction has happened at a time the price of copper is over US$8,000/ tonnes, implying we are in for good returns should this price be sustained for longer periods or even exceed the projected US$10,000/tonne.

4. This is a significant step on the part of government to own strategic assets and the transaction reduces the existing suspicions around transfer pricing as well as private (undeclared) foreign currency remittances from which government would have gained in foreign exchange reserves. The mine under total government ownership will now directly improve the country’s fiscal position albeit in the long term.

5. The real winner in the transaction is Glencore. They wrapped up the deal well. On one hand, this is a leveraged or debt financed deal from which Glencore will start earning interest after a period of time and will also have other gains accruing to it on the principle amount (being US$1.5 billion it has borrowed from itself!) Second, until all outstanding amounts are repaid, Glencore will have control of copper sales through a purchase offtake and this presumed to be at a fixed price of copper. The arrangement is beneficial to government given the huge fluctuations in the copper price.

6. Loosely and to bring the above point home, I liken the deal to an ‘Outgrower Scheme’ where farmers are financed through fertiliser, seed, technical advice and chemicals to grow tobacco. The financier is also the buyer at a fixed price. Both teams are winning but the financier/buyer is the absolute winner and that’s why this whole deal works well for Glencore.

7. It also means Zambia has acquired a new debt worth about US$1.5 billion (take away other costs) for the ownership of Mopani Copper Mines. The consolation is that we will not pay this money from tax revenue. The asset is projected to finance itself. What worries me though is that it all depends on what happens to copper production and the price during the life of this deal. The comparison is an American mortgage which you service over 25 years without having absolute ownership to the property. First, it makes it difficult for you to access fresh capital to recapitalize the building because someone has absolute ownership to it. Second, a lot of things will change before you finish paying and that’s how many American mortgagees have lost property on which they had already serviced a significant portion.

8. I am sure the IMF and other creditors are following this transaction very closely and how it affects the planned programme negotiations. Though government will have a case to explain the debt is not on the treasury but on ZCCM IH, those Washington colleagues read between the lines and they will still bring the number on the government loan book and prove to government that Zambia has moved deeper into debt unsustainably.

9. On the whole, I congratulate government for saving the mine, keeping the jobs, owning the Mopani asset totally and all we can do now is to continue to advise about how to manage this asset and make it more profitable than Glencore did. We can learn from the mistakes of the old ZCCM and build on the previous failures to beef up our national coffers. Let there be no political interference in the operations of this mine. Otherwise, seven years from now, it will be the same old sad story. I wish all the people of Zambia well in this deal. It should be good for the country.

Chipolopolo Roar to Win in CHAN Opener

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Forward Collins Sikombe scored a goal and created another as Zambia kicked off its Cameroon 2021 CHAN campaign with a 2-0 win over Tanzania in Limbe on Tuesday night.

The Milutin ‘Micho’ Sredojevic coached Chipolopolo side turned the Group D opener on its head after the two teams went to the half time break with a goalless draw.

Sikombe of Lusaka Dynamos put Zambia in front after 64 minutes when converting penalty to beat Tanzania keeper Aisha Manula.

Striker Emmanuel Chabula put the scoreline beyond the Taifa Stars reach when shaking the net with a spectacular volley after receiving a cross from his Dynamos team mate Sikombe in the 78th minute.

“We have come here to get the cup,” declared Sikombe after picking the man of the match award.

Zambia’s next match is against Guinea on January 23 before wrapping up Group D action on 27 January against Namibia.

Zambia Line Up: 18. Allan Chibwe, 5.Luka Banda, 23. Zachariah Chilongoshi, 4. Clement Mwape, 3.Benedict Chepeshi, 22.Golden Mafwenta, 21. Paul Katema, 14. Collins Sikombe, 7. Kelvin Mubanga, 17. Emmanuel Chabula.

North-western province requires 30,000 blood units annually

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The Zambia National Blood Transfusion Services (ZNBTS) has expressed optimism that North-western province will be self-sustainable in terms of blood banks.

ZNBTS Northern Regional Director Masiku Phiri said he was hopeful that the province will reach zero stock out.

Dr. Phiri was speaking when he paid a courtesy call on Northwestern Province deputy Permanent Secretary, Emmanuel Chihili in Solwezi today.

“We know that the province needs at least 30,000 units of blood to be self-sustainable annually and therefore, a plan will have to be put in place to ensure that we are able to collect such amount of blood,” he said.

Dr. Phiri said the ZNBTS is in the province to scale up blood collection activities and strengthen capacity.

He added that ZNBTS also wants to roll out blood transfusion National Health Insurance Management Authority (NHIMA) programme for local sustainability as part of health care financing.

“The major beneficiaries of blood are women before, during and after labour, children under the age of five with malaria, sickle cell patients and bone infestation,” Dr. Phiri explained.

Meanwhile, Mr. Chihili said he was happy that the challenge of blood shortages was being addressed in the province.

He said the population increase in the province has affected everything including service provision in the health sector.

“As you might be aware, North-western has seen a surge in the recent past of so many people coming here from other places, so that has also equally affected just almost everything in terms of the services that we provide to the people,” Mr. Chihili said.

He said such interventions are of paramount importance especially coming from the year where people were scared to donate blood due to the gassing activities.

“We have continued engaging various stakeholders, so that we try as much as possible to sensitise our people because, imagine, the donor wants to give blood but you take them away on other suspicions that are not even real, then you end up losing a life,” Mr. Chihili said.

Meanwhile North-western Province Health Director, Charles Msiska said there are teams in Ikeleng’i and Mwinilunga districts that will target to collect 900 units of blood.

Ministry of Health to revise COVID-19 testing strategy

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The Ministry of Health says it is revising the COVID-19 testing strategy due to the increase in the numbers, in geographical and community spread of the disease.

Minister of Health Jonas Chanda has explained that the revision in the strategy will be done on the criteria on who qualifies to be tested in the country.

He added that the tests will be done based on who needs it the most, to ensure that they are accorded the necessary health attention.

“I wish to update the public that the ministry is revising the COVID-19 testing strategy, that is, the criteria on who qualifies to be tested in the nation. The revision of the testing strategy has been necessitated by the increase in case numbers, geographical spread, generalized community spread of COVID-19 and the resultant increased laboratory turnaround time. This will result in prioritizing testing for those among us who need it the most, to ensure they are accorded the necessary health attention, “he said.

And Dr Chanda stated that government is aware of the importance of having a healthy nation by ensuring the physical, mental and social well-being of every individual in the country remains an important agenda.

He said this is why government has made it a priority to fight all diseases including COVID-19, which is affecting the country’s population.

Meanwhile, in the last 24 hours the country has recorded 1,308 new cases of COVID-19 out of 12,123 tests done.

Dr Chanda said the cumulative number of cases nationally is now 39,516 with a total of 389 patients admitted to health facilities, 280 on oxygen therapy, with 26 in a critical state and 13 mortalities.

“A total of 739 cases have been discharged from our facility and home-based management bringing the cumulative recoveries are 28,066. Sadly, 13 mortalities were recorded in the healthcare facilities while Six (6) deaths were recorded in the community (BID), Lusaka (5), Kalulushi (1),” he explained.

The Minister noted that 13 deaths recorded in the last 24 hours were classified as 5 COVID-19 deaths, 3 associated death and 5 which were yet to be classified, adding that the cumulative COVID-19 related deaths are now 578 (221 COVID-19 deaths, 339 associated and 18 yet to be classified.

He has since encouraged health care workers and all aligned personnel in the response to remain committed in the fight against the pandemic.

Nkwazi Tests Zesco United’s Appetite For Number One

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Zesco United have an opportunity to go top of the FAZ Super Division log and open a two point lead on Wednesday when they host Nkwazi at Levy Mwanawasa Stadium in Ndola.

Zesco are currently second with 22 points, one behind leaders and promoted Prison Leopards from 12 and 13 games played respectively.

The hosts head into the match in fine form armed with a seven match unbeaten run with four victories and three draws and stretching back to November 25 when the lost 3-1 away to Zanaco.

Zesco’s good spell includes a 2-1 away win in Kitwe over defending league champions Nkana on January 17.

“Of course it is a good motivation to the team going seven games without a loss, they are doing a commendable job,” Numba said.

“It is something that we appreciate from the players so we just need to keep encouraging them so that we try as much as possible not to drop points.”

But Nkwazi head to Zesco with a win and draw in their last two meetings and have lost just once to the latter in their previous four games.

“I must say it will be a tough game playing a determined and well organized Nkwazi FC, they play as a unit so for us to get a victory we really need to work hard,” Numba said.

However, Nkwazi have collected just two points from their last three games so far this season that have seen them hovering at the top four part of the relegation zone.

And in Wednesdays other rescheduled fixture, third from bottom Napsa Stars host Forest Rangers at Woodlands Stadium in Lusaka.

Napsa will be hoping to bounce back from a two match winless round in which space they have summoned just a point while Forest are bruised following a 2-0 away loss at leaders Prison last Saturday in Kabwe.

London Judge approves Vedanta’s out of court settlement request in Nchanga’s pollution case

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A Judge in London yesterday approved a settlement reached by Vedanta Resources covering 634 Zambian children in group litigation claiming that residents were harmed by discharges of toxic water connected to the mining giant’s copper operations.

Judge Edward Murray said after reading submissions to the High Court from lawyers for the claimants and Vedanta Resources Ltd. that he was satisfied that the settlement is “fair and reasonable” and in the best interest of the child claimants.

The details of the settlement are confidential.

The overall litigation, brought on behalf of the 3,730 individuals, arises from alleged harmful emissions from the Nchanga Copper Mine in Chingola, causing environmental and health concerns for the farming community residents.

The pollution from the mining operation has harmed the residents, their counsel, Richard Hermer QC of Matrix Chambers, told the court on Monday.

Vedanta is liable because it is Konkola’s parent company, he added.

Hermer said the case has already gone to the U.K.’s Supreme Court, which ruled in April 2019 that the claim for negligence and breach of statutory duty and its English parent company could be heard in England’s courts.

As part of that decision, Britain’s highest court backed a lower court’s ruling that Vedanta had assumed a duty of care over the operation of Konkola’s mine.

The overall case is still very much in its procedural infancy because of the detour to the Supreme Court, Hermer told Judge Murray on Monday.

“But the parties, as my lord will have seen, have constructively engaged in alternative dispute resolution and that has led to this morning’s application in respect of the children, there are 634 for whom we seek approval,” he said.

Representatives known as litigation friends for nine additional children are still being tracked down.

The judge agreed to Hermer’s request for the court to simply add the others to the order later if they approve of the deal on the basis of paper filings.

Counsel for Vedanta, Ognjen Miletic of Henderson Chambers, asked for the details of the settlement to be kept confidential, saying it could affect negotiations with the other claimants.

“It would be potentially prejudicial to Vedanta further down the line, in negotiating in relation to those claims if certain terms of these agreements…become publicly known,” Miletic said.

“Confidentiality is also required to protect the interests of children,” Vedanta’s lawyer said.

Judge Murray said confidential details of the deal didn’t need to be publicly disclosed, as he had read about them in written submissions before the hearing.

Hermer asked for the settlement to be sealed after he signed it off.

“It’s the start of the school year in Zambia and my lord would have seen that we’re quite keen for the wheels to be set in motion for funds to be released as soon as possible, in order to enable as many children as possible to be able to go to school,” Hermer said.

The judge said he would arrange with his clerk for that to happen straight away.

According to the Supreme Court’s April 2019 judgment, the claimants say that their health and their farming activities have been damaged by repeated discharges of toxic matter from the Nchanga Copper Mine in Zambia into their water, starting in 2005.

The Zambian citizens are, “by any standards, very poor members of rural farming communities served by watercourses which provide their only source of water for drinking (by themselves and their livestock) and irrigation for their crops,” the judgment notes.

The Nchanga Copper Mine has an open-pit excavation that is said to be the second largest in the world, according to the judgment.

Konkola Copper Mines PLC is Zambia’s largest private employer, providing jobs to some 16,000 people, mainly at the mine.

Vedanta, incorporated and headquartered in London, employs some 82,000 people worldwide.

The claims against both defendants include negligence and breach of statutory duty, the 2019 judgment states.

The causes of action against Vedanta arise by reason of the “very high level of control and direction that [Vedanta] exercised at all material times over the mining operations of the second defendant and its compliance with applicable health, safety and environmental standards,” according to the case’s particulars of claim.

The claimants are represented by Richard Hermer QC of Matrix Chambers, instructed by Leigh Day.

Vedanta is represented by Ognjen Miletic of Henderson Chambers, instructed by Herbert Smith Freehills.

The case is Nchanga Copper Mine Group Litigation v Vedanta Resources Ltd and another, case number QB-2020-001976, in the High Court of Justice of England and Wales.

Kay Figo is back with ‘No Other’

 

Kay Figo relased the video for her latest single ‘No Other’.

Song produced by Kekero , Video by Bang Bang Media,  Directed by Sammie Dee & Dpaper.