Source - RNS
RNS Number : 6015T
Vedanta Resources PLC
13 October 2017
 

13 October 2017

Vedanta Resources plc

KCM 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.

 

Ends

 

For further information, please contact:

Communications

Finsbury

Arun Arora

Head, Corporate Communications

Tel: +91 124 459 3000

[email protected]

Daniela Fleischmann

Tel:  +44 20 7251 3801

Investors

 

Ashwin Bajaj

Director - Investor Relations

 

 

Sunila Martis

Associate General Manager - Investor Relations

 

Veena Sankaran

Manager - Investor Relations

Tel: +44 20 7659 4732

Tel:  +91 22 6646 1531

[email protected]

About Vedanta Resources

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland and Australia. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. To access the Vedanta Sustainable Development Report 2017, please visit http://www.vedantaresources.com/media/214366/vedanta_sd_report_2016-17.pdf. For more information on Vedanta Resources, please visit www.vedantaresources.com 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and/or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.


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