Zambian news provider The Independent Observer
reported that the license key for the software that controls the smelter’s computerised systems had “disappeared”, leading to a complete stoppage of the smelter.
The Nchanga smelter has capacity for 311,000 tonnes per year and is a core asset of KCM, but it was seized by liquidators after the Zambian government filed a liquidation order on May 21 with the intention of forcing India-based Vedanta out of the African country, a source with direct knowledge of the matter confirmed to Fastmarkets.
The apparent takeover, the first of its kind, has sent shockwaves through the Zambian copper industry
When Fastmarkets approached a Vedanta spokesperson for comment about the situation at Nchanga, our questions were directed to Milingo Lungu,...