Edition:
United States

Chris Mfula

Abruptly appointed Zambian finance minister to review sales tax plan

Jul 15 2019

LUSAKA Zambian President Edgar Lungu abruptly fired his finance minister on Monday, appointing in her place the respected deputy head of the central bank, who said he might further delay a sales tax designed to rebalance its economy.

Zambian court lifts order blocking disposal of Vedanta unit assets

Jun 28 2019

LUSAKA A Zambian court on Friday lifted an order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of assets or making arrangements with creditor until a July 4 hearing.

UPDATE 2-Zambian court lifts order blocking disposal of Vedanta unit assets

Jun 28 2019

LUSAKA, June 28 A Zambian court on Friday lifted an order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of assets or making arrangements with creditor until a July 4 hearing.

Zambian court rejects Vedanta bid to join liquidation case

Jun 20 2019

LUSAKA Vedanta Resources said it would take urgent steps to protect its Zambian assets and pursue international arbitration if necessary after a Lusaka court on Thursday rejected its request to be included in liquidation proceedings.

UPDATE 2-Zambian court rejects Vedanta bid to join liquidation case

Jun 20 2019

* Vedanta says will challenge any sale of Zambian business (Updates with Vedanta statement)

Exclusive: Zambian government has no plans to seize First Quantum - sources

Jun 11 2019

LUSAKA/LONDON/TORONTO Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters.

Explainer: Zambia's moves on Vedanta, KCM alarm mining industry

May 31 2019

LUSAKA/LONDON - Zambia's decision to name a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM) business, one of the country's biggest employers, has rattled international miners concerned about rising resource nationalism.

Vedanta's Agarwal says willing to invest in Zambia

May 29 2019

LUSAKA Vedanta's Chairman Anil Agarwal said on Wednesday he was prepared to invest in increasing Zambian copper production to 400,000 tonnes, creating another 10,000 jobs at Konkola Copper Mines (KCM), but said "the right framework" had to be in place.

Vedanta's Zambia liquidation case adjourned until June 4

May 24 2019

LUSAKA/JOHANNESBURG A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.

UPDATE 2-Vedanta's Zambia liquidation case adjourned until June 4

May 24 2019

* Tax change plans have riled mining firms (Adds analyst, context, detail)

World News

Iran tanker heads to Greece, U.S. warns against helping vessel

An Iranian tanker at the center of an angry confrontation between Iran and Washington sailed for Greece on Monday after it was freed from detention off Gibraltar, as Washington called the release unfortunate and warned Greece and Mediterranean ports against helping the vessel.