"The arbitration process around KCM is also ongoing. The KCM Shareholders' Agreement between Vedanta Resources and ZCCM-IH (and the government of Zambia) provides that disputes between the parties shall be dealt with by way of arbitration under the UNCITRAL rules. Vedanta contends that ZCCM-IH is in breach of that agreement since the point when, on 21 May 2019, ZCCM-IH sought and was granted an ex parte order from the Lusaka High Court to appoint a provisional liquidator of KCM, and to begin the winding up of KCM," read the statement. "The South African High Court granted Vedanta Resources' application for an injunction in support of the arbitration agreement in the KCM Shareholders' Agreement in July 2019 and ordered that the winding up of KCM be withdrawn. Neither ZCCM-IH nor the Provisional Liquidator have thus far complied with that injunction. Vedanta has since proceeded with the arbitration process, as envisaged under the Shareholders' Agreement.