2 KCM subsidiaries to hand back properties, licences
Published On July 16, 2024 » 543 Views» By Times Reporter » Latest News
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. Lungu

By PERPETUAL SICHIKWENKWE –
KONKOLA Mineral Resources and Konkola Copper Mine (KCM) Smeltrerco, subsidiaries of KCM which were created by former liquidator Milingo Lungu, have agreed to hand back 78 properties and 15 environmental mining licences to KCM.
In a consent judgment, it was stated that the 78 properties and licences, were hived off KCM and transferred to Konkola Mineral Resources and Smelterco by Mr Lungu without approval of the court as required by the Corporate Insolvency Act.

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