KCM [Konkola Copper Mines] Announcement
Vedanta Resources Plc ("Vedanta") and Konkola Copper Mines ("KCM") announced that they have challenged the jurisdiction of the English courts to hear and adjudicate the claims by Zambian residents in relation to KCM's operations in Zambia. On 27 May 2016, the English High Court of Justice, Queen's Bench Division, Technology and Construction Court ruled that the English courts have jurisdiction to hear and adjudicate the claims. Vedanta and KCM appealed this ruling.
The English Court of Appeal today released a judgment, dismissing this appeal and ruling that the English courts have jurisdiction to hear and adjudicate the claims.
This judgment relates solely to the jurisdiction of the English courts to hear these claims. It is not a ruling or a determination on the merits of the claims.
Vedanta and KCM are examining the Court's judgment and will seek permission to appeal the Court's decision.