Konkola Copper Mines Plc v U&M Mining Zambia Ltd, Court of Appeal - Commercial Court, July 02, 2014,  EWHC 2146 (Comm)
1. On 20 June 2014, I heard two related applications on behalf of the defendant (``U&M'') for (i) security for costs pursuant to s70(6) of the Arbitration Act 1996 (the ``1996 Act'') in relation to challenges made by the claimant (``KCM'') to an arbitration award dated 6 January 2014; and (ii) security for certain sums due under such award pursuan...
...KCM operates a number of copper mines on the Zambian copperbelt. U&M is a subsidiary of a substantial Brazilian mining conglomerate and carries on ...(d) The evidence (both from a respected news source Bloomberg and from the official records of the Zambian parliament) suggests that KCM is ...
U&M Mining Zambia Ltd v Konkola Copper Mines Plc, Court of Appeal - Commercial Court, October 10, 2014,  EWHC 3250 (Comm)
1. On 17 June 2014 Eder J. granted the Claimant a world wide freezing order (``WFO'') ex parte. The Claimant has now applied inter partes to continue the WFO. The Defendant opposes the continuation of the WFO. The WFO was granted in support of sums awarded by a London arbitration tribunal so there is no dispute either as to the Claimant's cause of
...The remaining interest in KCM is owned by a company which, as to 87.6%, is owned by the Zambian government. In addition the Zambian government has a ``special share'' which entitles it to certain ...Anil Agarwal (the chairman of Vedanta), reports in Bloomberg News, enquiries made in Zambia by Mr. Hirst of Clyde and Co. (who act for U&M), a report by Grant ...
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