High Court throws out Vedanta’s application to refer KCM case to arbitration in South Africa
Lusaka High Court Judge Anessie Banda-Bobo has dismissed Vedanta Resources Holdings Limited’s application to stay the winding-up proceedings against Konkola Copper Mines (KCM) and refer parties to arbitration.
Justice Banda-Bobo has ruled that the matter is not a proper case to refer the parties to arbitration.
Vedanta said it is reviewing the ruling and will then make a decision on its next steps.
Justice Banda-Bobo has since given the 27th of August as the hearing date for the winding-up petition brought by ZCCM-IH – preliminary arguments will be heard on the 13th of August.