{"id":58425,"date":"2024-02-21T22:32:15","date_gmt":"2024-02-21T22:32:15","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=58425"},"modified":"2024-02-21T06:59:47","modified_gmt":"2024-02-21T06:59:47","slug":"kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv","title":{"rendered":"KCM Provisional Liquidator Corrects Misleading Media Report by Diamond TV"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zambia. <\/strong><\/span>Celine Nair, the Official Receiver and Provisional Liquidator for Konkola Copper Mines Plc (KCM), has moved to clarify a recent report aired by Diamond Television news bulletin on 15th February 2024. Nair emphasized that the report contained inaccuracies and selectively presented information from an ongoing court matter.<\/p>\n<p>Nair asserted that she had not issued any official statement regarding the transitional matters concerning KCM, particularly concerning the resolution between the government and Vedanta Resources Limited. The current focus is on the implementation of the Scheme of Arrangement, which aims to facilitate Vedanta\u2019s complete takeover of KCM.<\/p>\n<p>Addressing the ongoing process, Nair highlighted that the transition to Vedanta\u2019s ownership is proceeding through a court-monitored procedure. She reassured stakeholders that once finalized, all creditors would be duly compensated in accordance with the agreed scheme.<\/p>\n<p>Nair informed creditors to ensure their records are updated, as meetings will soon commence for verification and payment processes. She noted Vedanta\u2019s contribution of $25 million as bridging finance to support KCM\u2019s short-term operations.<\/p>\n<p>In light of these developments, Nair urged stakeholders not to panic, emphasizing collaboration between the government, Vedanta Resources Limited, and KCM management to ensure a smooth transition.<\/p>\n<p>Regarding the Diamond TV report, Nair criticized its misleading headline and stressed the importance of accurate reporting, especially considering the efforts to revitalize Zambia\u2019s mining sector. She cautioned the public against adopting the narrative of KCM\u2019s imminent closure.<\/p>\n<p>Shapi Shachinda, General Manager Corporate Affairs, issued this statement on behalf of KCM, underlining the commitment of all parties involved to facilitate Vedanta\u2019s full takeover of KCM and restore stability to the mining industry.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Celine Nair, the Official Receiver and Provisional Liquidator for Konkola Copper Mines Plc (KCM), has moved to clarify a recent report aired by Diamond Television news bulletin on 15th February 2024. Nair emphasized that the report contained inaccuracies and selectively presented information from an ongoing court matter. Nair asserted that she had [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":58424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-58425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KCM Provisional Liquidator Corrects Misleading Media Report by Diamond TV - Zambia<\/title>\n<meta name=\"description\" content=\"Celine Nair, the Official Receiver and Provisional Liquidator for Konkola Copper Mines Plc (KCM), has moved to clarify a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KCM Provisional Liquidator Corrects Misleading Media Report by Diamond TV\" \/>\n<meta property=\"og:description\" content=\"Celine Nair, the Official Receiver and Provisional Liquidator for Konkola Copper Mines Plc (KCM), has moved to clarify a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-21T22:32:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708485997.624548.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KCM Provisional Liquidator Corrects Misleading Media Report by Diamond TV\",\"datePublished\":\"2024-02-21T22:32:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1708485997.624548.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/kcm-provisional-liquidator-corrects-misleading-media-report-by-diamond-tv\",\"name\":\"KCM Provisional Liquidator Corrects Misleading Media Report by Diamond TV - 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