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Zambian court rejects Vedanta bid to join liquidation case

By: Reuters     20th June 2019 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. A Lusaka judge on Thursday ruled Vedanta Resources could not take part... 

Vale says hopes to reach dam burst global settlements by year-end

By: Bloomberg     14th June 2019 Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246... 

Platinum mine truck being converted to run on hydrogen 

By: Martin Creamer     13th June 2019 Early research and development work has begun to pave the way for the introduction of hydrogen fuel cell electric trucking at a local platinum mine, Mining Weekly Online can today report. A truck is currently being converted to run on hydrogen, which will initially be brought to the mine in tankers. 

Judgment reserved in Vedanta’s application to join KCM proceedings 

By: Marleny Arnoldi     11th June 2019 Diversified miner Vedanta Resources on Tuesday said its application to be joined to the confirmation hearing for the ex parte appointment of a provisional liquidator for its Konkola Copper Mines subsidiary had been heard by judge Annesie Banda-Bobo in the Lusaka High Court and that judgment had... 

Renergen trades at up to A$1.02 apiece on first day on ASX

By: Marleny Arnoldi     6th June 2019 On its first day of listing on the ASX on Thursday, AltX-listed Renergen had more than 290 000 shares traded, at an official listing price of A$0.80 apiece. “On day one, we saw the price trade up to A$1.02 at the close, or up 27.5% from [the] listing [price], with encouraging volume in total... 

Fasken Named Global Mining Law Firm of the Year by Who’s Who Legal for 11th Time

By: Creamer Media Reporter      5th June 2019 Toronto (Canada) - For the eleventh time, Fasken has been recognized as the world’s top Global Mining Law Firm of the Year by Who’s Who Legal for 2019, which is also the fifth consecutive win for the Firm. Fasken has received this award more than any other law firm in the world. Fasken has earned... 

Industry generally welcomes Gwede Mantashe as Minerals and Energy Minister 

By: Simone Liedtke     30th May 2019 In a move that has, so far, generally been welcomed by the mining industry, President Cyril Ramaphosa has appointed Gwede Mantashe as the Mineral Resources and Energy Minister. This, law firm Herbert Smith Freehills director Patrick Leyden says, follows on the back of Mantashe having made... 

Vedanta-Konkola liquidation case adjourned to June 4

By: Reuters     24th May 2019 A court hearing between Vedanta, its Konkola Copper Mines business (KCM) and the Zambian government over control of KCM, was adjourned on Friday until June 4, a lawyer said. Vedanta is fighting the government's attempt to seize KCM, which is one of the biggest employers in Zambia, Africa's second... 

Zambia's mines minister orders regular audits at all mines

By: Reuters     24th May 2019 Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its licence, the mining ministry said on Thursday. Zambian President Edgar Lungu said on Monday the government planned to strip KCM of... 

Zambian court appoints provisional liquidator of Vedanta's KCM 

By: Reuters     21st May 2019 Zambia's High Court on Tuesday appointed a legal firm as a provisional liquidator of Vedanta-controlled Konkola Copper Mines (KCM), according to a court document seen by Reuters. The document named Zambian law firm Lungu Simwanza & Company to oversee KCM a day after the president said Zambia... 

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