Maravi

Lumwana, Zesco settle case out of Court

Lumwana, Zesco settle case out of Court
Written by Maluba Jere
Sunday, May 31, 2009 11:37:58 PM

THE case in which Lumwana Mining Company had sued Zesco over its notice to terminate the Power Supply Agreement (PSA) and disconnect the mine from the electricity grid has been withdrawn from the Lusaka High Court. The parties decided to withdraw the matter after reaching a settlement.

Lusaka High Court judge Martin Imasiku acknowledged the withdrawal and said both parties would meet their own costs.

Zesco in July last year issued a 180-day notice to disconnect power from the mine from January 26, 2009.

Lumwana Mining managing director, Harry Michael stated in an affidavit filed in the Lusaka High Court that the mine wanted a protective relief against the threat to terminate the agreement pending arbitration hearing in the London Court of International Arbitration.

Labels: HARRY MICHAEL, LUMWANA MINING COMPANY, ZESCO

posted by MrK @ 10:41 PM