Africa-Press – Zambia. KCM ‘Provisional’ Liquidator Suspended The Official Receiver has suspended Konkola Copper Mines (KCM) provisional liquidator Milingo Lungu pending the outcome of an inquiry instituted pursuant to section 69(1) of the Corporate Insolvency Act
No. 9 of 2017. Mr. Lungu has been notified of the suspension, which has been made following receipt of a complaint lodged by ZCCM Investment Holdings PLC relating to contract mismanagement, financial
mismanagement, and asset mismanagement. It is important to note that Mr. Lungu’s suspension shall neither stop the liquidation process nor lead to a handover of the mining operations to Vendata Limited.
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