 Logo | |
 Konkola sign, Chingola, Zambia | |
| Industry | Metal mining and smelting |
|---|---|
| Headquarters | Zambia |
| Parent | Vedanta Resources (~80%) ZCCM Investments Holdings (~20%) |
| Website | kcm |
Konkola Copper Mines (abbreviated to KCM) is a copper mining and smelting company in Zambia. It is 80% owned by Vedanta Resources, a mining conglomerate based in Mumbai and London. [1]
The company is 80% owned by Vedanta Resources and 20% owned by the state mining company of Zambia, [2] ZCCM Investments Holdings.
KCM produces 2 million tons of copper ore per year. The company's Konkola Deep Mining Project will expand its capacity to 6 million tons of ore per year.
Company assets include Konkola Copper Mine, Nchanga Copper mine near Chingola, Nampundwe Pyrites Mine and Nkana Refinery in Kitwe - the largest copper smelter in Zambia. [3]
Exports were transported to the ports of Dar es Salaam in Tanzania and Durban in South Africa. Principal markets included the Middle East and East Asia. Metal was also sold domestically, to Metal Fabricators of Zambia.[ citation needed ]
The company declared insolvency in early 2019. [4] Later that year, 1,826 Zambians obtained permission from the Supreme Court of the United Kingdom in its Lungowe v Vedanta Resources plc ruling to sue Vedanta for local water pollution caused by KCM that started in 2005. [5] Also in 2019, Lusaka High Court of Zambia blocked the sale of Konkola's assts by the company's liquidator. [6] [2] The court's judgement enabled the state controlled minority owner ZCCM Investment Holdings to enter arbitration with the majority shareholder Vendanta Resources. [7]
Vendanta agreed a financial settlement for all pollution claims, without admitting liability, in 2021. [8]
Chingola is a city in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 216,626. It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequently led to the development of two open pit operations, Chingola Open Pit and then Nchanga Open Pit.
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha.
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Teck Resources Limited, known as Teck Cominco until late 2008, is a diversified natural resources company headquartered in Vancouver, British Columbia, that is engaged in mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy. Secondary products include lead, silver, gold, molybdenum, germanium, indium and cadmium. Teck Resources was formed from the amalgamation of Teck and Cominco in 2001.
Chililabombwe is a small town in Copperbelt Province, Zambia. It is located near the Democratic Republic of the Congo border. The name Chililabombwe means 'place of the croaking frog' in the local language of Lamba. The town has a population of 87 000 based on census data from 2010, making it one of the largest towns in the Copperbelt. The town is on the T3 road, 26 km north of the neighbouring town of Chingola, and approximately 10 km south of the large border market of Kasumbalesa. It has also produced national heroes like the late soccer star Eston Mulenga and many others. It's a home for the bundu people.
The Bingham Canyon Mine, more commonly known as Kennecott Copper Mine among locals, is an open-pit mining operation extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, in the Oquirrh Mountains. The mine is the largest man-made excavation, and deepest open-pit mine in the world, which is considered to have produced more copper than any other mine in history – more than 19,000,000 short tons. The mine is owned by Rio Tinto Group, a British-Australian multinational corporation. The copper operations at Bingham Canyon Mine are managed through Kennecott Utah Copper Corporation which operates the mine, a concentrator plant, a smelter, and a refinery. The mine has been in production since 1906, and has resulted in the creation of a pit over 0.75 miles (1,210 m) deep, 2.5 miles (4 km) wide, and covering 1,900 acres. It was designated a National Historic Landmark in 1966 under the name Bingham Canyon Open Pit Copper Mine. The mine experienced a massive landslide in April 2013 and a smaller slide in September 2013.
KGHM Polska Miedź S.A., commonly known as KGHM, is a Polish multinational mining corporation headquartered in Lubin, Lower Silesia, Poland. Founded in 1961 as a state enterprise, the company is considered a major global producer of copper and silver. Since 1997, it has been listed on the Warsaw Stock Exchange (WSE). The company is also a component of the WIG30 stock market index.
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Vedanta Resources Limited is an Indian diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha and Punjab.
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ZCCM Investments Holdings is a successor company to Zambia Consolidated Copper Mines Limited, of Zambia.
Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.
Copper is one of the world's most important industrial minerals, and Africa is an important world producer. While output is traditionally dominated by Zambia, South Africa and Katanga Province in the south of the Democratic Republic of the Congo, many African nations contribute to copper production, and many African nations have undeveloped ore resources.
Konkola is an area of Zambia, near Chingola, on the border with Congo. It has large copper reserves.
The mining landscape in Zambia covers production of multiple mineral raw materials, including copper, cobalt, gold, nickel, manganese, emeralds, beryllium, myriad gemstones, sulfur, zinc, coal, iron ore, steel, limestone, uranium and other platinum-group metals. Mining has long been a significant primary sector industry and contributor to the Zambian economy by providing export income, royalty payments and employment.
Mopani Copper Mines PLC is a Zambian company owned by ZCCM Investment Holdings.
Peter Sinkamba is a Zambian entrepreneur and politician. He was the candidate for the Green Party of Zambia in the 2015 and 2016 presidential election.
Lungowe v. Vedanta Resources plc [2019] UKSC 20 is a UK company law and English tort law case, concerning business liability for human rights violations, environmental damage and the duty of care owed by a parent company.
Nchanga Copper mine, previously the Chingola Copper mine, is an underground and open-pit cobalt and copper mine in Chingola, in the Copperbelt Province of Zambia. It is the largest copper mine in Africa. It is owned by the Konkola Copper Mines, a joint venture between Vedanta Resources and the state mining company of Zambia.
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