Johannesburg - Vedanta Resources will on Tuesday argue its application for an urgent interim interdict against Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) and provincial liquidator Milingo Lungu in the South Gauteng High Court.
The Indian-owned miner has been at loggerheads with the Zambian government over the closure of the Konkola Copper Mine (KCM) operations.
The company is challenging the government's decision to appoint a provisional liquidator, through ZCCM-IH, to wind up KCM on allegations that it breached the terms of its licence, failed to exploit the Nchanga underground mine and did not pay creditors on time.
Vedanta is seeking an interim court order declaring that ZCCM has breached the KCM shareholders' agreement by pursuing winding-up proceedings against KCM in Zambia, and directing ZCCM to withdraw those proceedings, thus removing the provisional liquidator.
Should this application succeed, and an interim order be granted, the order will remain in place until an arbitration - to be instituted in due course - has been finally resolved.