THE Copperbelt Energy Corporation (CEC) has confirmed receipt of a partial payment of USD 10.36 million from Konkola Copper Mines (KCM) towards the USD 11.84 million court order. However, CEC says that contrary to KCM’s recent press release, it has under no circumstances agreed to be classified as a Class Two Creditor under the Creditors Scheme of Arrangement (CSA). On Tuesday, in a statement, Konkola Copper Mines Plc (KCM) had confirmed that it had paid CEC as a Class II creditor, in accordance with the High Court of Zambia’s approved Scheme of Arrangement (CSA). But in a statement issued, Wednesday, CEC Head of Corporate Communications and Investor Relations Verona Mwila Nkolola said CEC’s position remained that it was a preferential...
