Reinsurance-Conflict of laws-Mine in Zambia insured by local and Bermuda insurers-Reinsurers placed in London market-Claim brought by mine owner against insurers in Zambia under specific perils cover and against insurers in England under all risks cover-Reinsurers joined as Part 20 defendants to English proceedings-Whether English
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Operations Nchanga Copper mine, 2008 The company is 80% owned by Vedanta Resources and 20% owned by the state mining company of Zambia, ZCCM Investments Holdings.KCM produces 2 million tons of copper ore per year. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year.
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· In the recent case of U&M Mining Zambia Ltd v Konkola Copper Mines plc [2013] EWHC 260 (Comm), the court examined the question of whether English… Toggle navigation Search
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The largest of the mine assets, Konkola, is the most northerly of the Copperbelt mines and is located 26 kilometres from Chingola. The mine has three operating shafts – Shaft No. 4, Shaft No. 3 and Shaft No. 1. Sinking of the No. 4 Shaft reached its desired depth of 1,500 metres in 2012. The mid-shaft loading was completed in April 2010 and
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· Get free access to the complete judgment in Konkola Copper Mines Plc v U&M Mining Zambia Ltd on CaseMine. I. Citation: U&M v. KCM, [Case No.-to be inserted] II. Court: To be inserted Plaintiff (Applicant): U&M Defendant (Respondent): KCM IV.
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· Documents of the case. Judgment of the High Court of Justice of England and Wales [2011] EWHC 260-15 Feb 2013. First Award-7 Nov 2013. Second Award-6 Jan 2014. Third Award-24 Mar 2014. Judgment of the High Court of Justice of England and Wales [2014] EWHC 2146-2 July 2014.
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· A week ago, the Zambian Court of Appeal issued an order to halt the liquidation of the public limited company Konkola Copper Mines (“KCM”). The liquidation proceedings were attempted by State Owned Entity ZCCM Investments Holdings, a successor company to Zambia Consolidated Copper Mines Limited (ZCCM Ltd).
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· The long-awaited agreement, sealed on October 23rd, 2023, marks a significant development in the copper-rich African nation’s mining landscape. The deal sees Vedanta, led by billionaire Anil Agarwal, acquiring a 79.4% stake in KCM for a reported $1.4 billion. The remaining 20.6% will be held by the state-owned Zambia Consolidated
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U&M argues that KCM's actions in Zambia are obstructive and in breach of the arbitration agreement, while KCM asserts it is protecting its contractual rights pending LCIA Arbitration in London. The court must determine whether the Zambian proceedings constitute a breach of contract and whether the English court has jurisdiction to grant interim relief.
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Konkola Copper Mines Plc (KCM) is one of the leading integrated copper producers in Africa, and aims to become a major global copper producer. KCM is primarily engaged in the exploration for, mining, production and sale of copper and copper by-products. KCM is a subsidiary of Vedanta Resources Plc, a London Stock Exchange listed and one of the
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Welcome to Konkola Copper Mines Konkola Copper Mines plc (KCM), one of Africa's largest integrated copper producers, is a subsidiary of Vedanta Resources Plc, one of the world’s largest diversified natural resources companies. More
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The Konkola mine comprises a large underground mine and an on-site concentrator. The Zambian government seized Vedanta's copper assets in 2019. On 6 November 2023, Vedanta Resources and the Zambian government sealed an agreement that restores the ownership of Konkola Copper Mines (KCM), ending a protracted ownership battle.
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Konkola Copper Mines plc | 21,273 followers on LinkedIn. Konkola Copper Mines plc is a subsidiary of Vedanta Resources plc ("Vedanta") a London Stock Exchange listed FTSE100 diversified metals and mining company, with revenues in excess of USD 6.5 billion. The group produces aluminium, copper, zinc, lead and iron ore and also
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KONKOLA COPPER MINES V U&M MINING ZAMBIA LTD We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to
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U&M MINING ZAMBIA LTD v KONKOLA COPPER MINES PLC We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By
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· This is an application by the respondent in an arbitration, Konkola Copper Mines Plc (KCM) under section 67 and section 68 of the Arbitration Act 1996. It is not untypical of applications of this kind made to the Commercial Court. The defendant, which is the claimant in the arbitration, is U&M Mining Zambia Ltd (U&M). 2.
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U&M Mining Zambia Ltd v Konkola Copper Mines plc-Keating Chambers. Citation: CILL 3328; [2013] All ER (D) 193 (Feb); [2013] 2 Lloyd's Rep 218; [2013] 1 CLC 456;
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the. basis for the grant of leave. We stated (at J56) as follows: Where leave to appeal is granted on the basis that the. appeal raises a point of law of public importance and it is. possible to isolate such point of law of public importance. in the proposed appeal, this court will confine itself to.
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The Konkola mine is situated in Chililabombwe, approximately 26 kilometres north of Chingola, and is the most northerly of the KCM’s Zambian Copperbelt mines. These mining operations currently exploit the Chililabombwe ore body by underground methods and have historically been focused on two existing shaft systems, No. 1 shaft and the No.
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· U&M Mining Zambia Ltd v Konkola Copper Mines Plc [2014] EWHC 3250 (Comm) (10 October 2014) concerns the issuance of world wide freezing orders (“WFO”) against a losing party to an arbitration. By way of background, a dispute had arisen out of a contract entered into by the parties for the provision by U&M Mining Zambia (“
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· 2:38. Vedanta Resources Ltd has approached trading houses as it seeks to raise capital to revive the Konkola copper mining and smelting complex in Zambia. Billionaire Anil Agarwal ’s Vedanta has
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· Second Award-6 Jan 2014. Third Award-24 Mar 2014. Judgment of the High Court of Justice of England and Wales [2014] EWHC 2146-2 July 2014. Judgment of the High Court of Justice of England and Wales [2014] EWHC 2374-15 July 2014. Judgment of the High Court of Justice of England and Wales [2014] EWHC 3250-10
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U&M Mining Zambia Ltd v Konkola Copper Mines Plc [2014] EWHC 3250 (Comm) (10 October 2014) Practical Law Case Page D-027-6293 (Approx. 1 page) Ask a question
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KONKOLA COPPER MINES PLC v U&M MINING ZAMBIA LTD We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By
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· U&M, which is a subsidiary of a Brazilian mining conglomerate, carries on business as a mining contractor in Zambia. Between April 2007 and December 2011, KCM and U&M entered into a number of contracts which were, in essence, for the provision by U&M of open pit mining and related services at KCM's mines in the Nchanga area of
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· In U&M Mining Zambia Ltd v Konkola Copper Mines Plc [2014] EWHC 3250 (Comm), the Commercial Court considered an application to continue a worldwide freezing order in support of an award in an arbitration seated
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· 5. Alphawell Limited v Woodward [1972] A.C. 824. 6. Cambridge Water Company Limited v Eastern Countries Leather PLC [1993] ABC CR 12/09. 7. Continental Restaurant and Casino Limited v Chulu (2000) Z.R.
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KCM addresses 28th International Copper Conference in Brussels Sets out challenges and opportunities in Zambia’s Copperbelt. February 27, 2015. Brussels, 26th February, 2015 – Despite current challenges affecting the copper mining industry, Konkola Copper Mines (KCM), Zambia’s largest integrated
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U&M Mining Zambia Ltd v Konkola Copper Mines Plc. Smart Summary (Beta) Court and Jurisdiction: High Court of England and Wales. Summary: U&M obtained an anti
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· Konkola Copper Mines plc Corporate Center – Lusaka. Abacus Square, Thabo Mbeki Road, Lusaka, Zambia. Phone: +260-212-358000. Mining Assets. Konkola Copper Mines is Zambia’s largest integrated copper producer, with an entire production value chain comprising of open pit and underground mines, concentrators, a state-of-the
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