KCM sues Z.R.A Over $586 Million Bill

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phili675

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Message Jeu 7 Nov 2013 09:03

Re: KCM sues Z.R.A Over $586 Million Bill

En plein bras de fer.Faudra bien qu'ils trouvent un terrain d'entente ,sinon ce sera du perdant perdant.
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phili675

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Message Ven 8 Nov 2013 15:45

le ton monte

Government deports KCM CEO Kishore Kumar

Time Posted: November 8, 2013 1:54 pm
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Konkola Copper Mine (KCM) Chief Executive officer Kishore Kumar
Konkola Copper Mine (KCM) Chief Executive officer Kishore Kumar has been deported.

Reports reaching QFM News indicate that Mr Kumar has been deported for defying President Michael Sata’s directive for the mining company not to layoff a single worker, after KCM went ahead to lay off 76 workers.

When contacted for a comment,Immigration Department public relations officer Namati Nshinka, told QFM that Mr Kumar left the country yesterday on his own without giving further details.

Mr Kumar had recently announced that KCM would lay off over 1,500 workers as they seek to mechanise their operations.

This announcement prompted President Sata to warn the mining giant not to dare lay off any worker or risk having its mining license revoked.

And MMD president Nevers Mumba has accused President Michael Sata of abusing his office by deporting the KCM chief executive officer.

Dr Mumba says issues such as the one involving KCM cannot be resolved by deporting people.

“We did not want to come out strong but at the same time investors must realised that effort of growing Zambia and distributing of its wealthy needs to be harmonised, I think there have been some careless talks by some investors,” said the Vice President.

He says the best way is for government to sit down with KCM management and union representatives and find the way forward.

Dr Mumba says such heavy-handed tactics may result in the loss of even more jobs.

And vice president Guy Scott when asked in parliament today what immediate measures government would take against KCM for going against the presidential directive said he expected tough measures to be taken.

The Vice President has said Government will soon take appropriate action on the firing of 76 workers at Konkola Copper Mine as reported in the media on Thursday.

The Vice President said this in Parliament during the Vice President Question and Answer time when responding to MMD Chadiza Member of Parliament (MP) if PF Government was failing to bring law and order in the country following the firing of 76 KCM workers despite the President warning that no single worker should be dismissed.

“The matter was reported yesterday and we have not yet made any appropriate decision, by if the Member asks this in two week time I will give you an appropriate answer because we would have made a decision,” Dr Scott said.

MMD Mafinga MP Catherine Namugala also questioned the Vice President if he does not think castigating investors in public was going to scare away potential investors and make Zambia undesirable investment destination.

In his response Dr Scott told the House that governance was a balancing act and that Government had the right to protect the people of Zambia in as much as it also had the right to protect investors.

He said Government cannot abandon workers when it thinks management was being unreasonable.

“We did not want to come out strong but at the same time investors must realised that effort of growing Zambia and distributing of its wealthy needs to be harmonised, I think there have been some careless talks by some investors,” said the Vice President.

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phili675

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Message Ven 8 Nov 2013 15:46

Re: KCM sues Z.R.A Over $586 Million Bill

Government warns KCM over polluting water sources

Time Posted: November 8, 2013 3:07 pm
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Government has expressed great concern over the continued pollution of sources of water supply by Konkola Copper Mines in the Copperbelt province.

Minister of Local Government and Housing Emerine Kabanshi said the pollution of water has resulted into the closure of two water treatment plants for Nkana Water and Sewerage Company.

Ms. Kabanshi disclosed this development during a press briefing at her office in Lusaka today.

She warned the mining company that government will deal with it if it fails to stop the excessive pollution levels which have affected Mwambashi dam in Kalulushi and Mutipa stream in Chingola in the Copperbelt province.
Ms. Kabanshi stated that government will be left with no option but to shut down KCM’s operations at their tailings leach plant until the company puts up remedial measures to protect people’s lives.

She further said government will not allow a situation where mining companies continue to deliberately fail to meet the environmental regulations.

Ms. Kabanshi has since directed KCM to take its environmental protection obligation seriously and stop discharging mining effluents carelessly.

ZANIS
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phili675

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Message Ven 8 Nov 2013 18:34

Re: KCM sues Z.R.A Over $586 Million Bill

KCM CEO has not been deported by Government, he could have fled the country-Lungu

Time Posted: November 8, 2013 4:51 pm
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Edgar Lungu
Konkola Copper Mine (KCM) Chief Executive Officer Kishore Kumar is reported to have fled the country.

Mr Kumar who has since left the country was quoted in some sections of the media to have alleged described President Michael Sata’s threat to revoke KCM’s license as a “mere rhetoric”.

Mr Kumar who also defied government orders went ahead and fired 76 KCM employees before he left the country yesterday.

Home Affairs Minister Edgar Lungu disclosed this development to Journalists in Lusaka today in an interview.

Mr Lungu said the KCM Chief left the country using the Kenneth Kaunda International Airport but could not state the exact time.

“We wanted to have an audience with him as Ministry of Home Affairs over the statement attributed to him but we didn’t because we’re told he left the country,” Mr Lungu said.

President Sata directed Minister of Labour and Social Security Fackson Shamenda to talk to Mr Kumar to which the minister managed on Wednesday this week but he is disappointed with the attitude and conduct of Mr Kumar.

The Home Affairs Minister also refuted some media reports that government has deported Mr Kumar to his country of origin, India.

He said Mr Kumar left the country on his own, adding that the government wanted to engage him into talks before he decided to leave without notice.

Mr Shamenda said government is not going to tolerate arrogance from any employers because they are not the only employers in the country.
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phili675

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Message Ven 8 Nov 2013 18:45

Re: KCM sues Z.R.A Over $586 Million Bill

Lescrozes.

Au vu des derniers développements concernant KCM, je pense qu'en cas d'entretien avec un journaliste, ou un représentant officiel , il te sera utile de manier avec habileté la langue de Shakespeare ,sinon ton séjour pourrait être très bref , ou bien durer bien plus longtemps que prévu.
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phili675

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Message Sam 16 Nov 2013 12:15

Re: KCM sues Z.R.A Over $586 Million Bill

KCM job cuts won’t happen tomorrow but over the next few years, Vedanta CEO

Time Posted: November 16, 2013 9:38 am
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Vedanta Resources PLC Chief Executive Officer MS Mehta
Vedanta Resources PLC Chief Executive Officer MS Mehta has confirmed the company’s commitment to Zambia and that it’s working with all stakeholders, including the Zambian government to resolve tensions over a proposal to layoff around 1,500 workers at KCM.

KCM, Vedanta’s majority-owned Zambian copper unit on November 5 announced plans to cut 1,500 jobs as part of a plan to turn around the operations and make them more cost competitive, in part by mechanizing operations.

The Zambian government responded to the proposed layoffs by threatening to revoke the company’s license if it goes ahead.

The Zambian government also cancelled the working permit of KCM’s CEO Kishore Kumar.

Mr M.S. Mehta said in a conference call on Friday after the group published interim results.

Mr. MS Mehta said there was miscommunication and the company remains committed to engaging with stakeholders, including the government of Zambia, to make sure these assets deliver to their full potential.

Vedanta has invested $2.8 billion in Zambia over the past nine years, but its current productivity is only eight tons an employee, compared with global benchmarks of 100 tons an employee.

Vedanta Chairman Anil Agarwal sought to diffuse tension by saying that no decision has been taken to dismiss any employees and the proposed redundancies, if they go ahead, would take place over a couple of years.

Mr. Agarwal noted that KCM employs about 18,000 workers in Zambia.

Mr. Mehta reaffirmed that the company plans to produce 140,000 tons of copper from its Zambian operations at a cash cost of $2.20 a pound in the fiscal year ending March 31, 2014.

He expects the company will be able to reduce its cash cost to $2.20 next year as it continues to ramp up output from its Zambian operations.

Vedanta wants to expand its Zambian copper production capacity to 400,000 tons a year.

KCM, produced 65,000 tons of copper in the first half of the current fiscal year ending March 31, 2014, down 22% on year, while cash costs inched slightly higher.

The Zambia copper division accounted for 4.5% of the group’s total earnings before interest, taxes, depreciation and amortization during that period.

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