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Barloworld Equipment Zambia Limited has filed an application in the Lusaka High Court seeking an order compelling Konkola Copper Mines (KCM) to settle a debt of US$999,000 within seven days.
The amount stems from agreements entered into by the two companies in 2017 for the supply of parts and maintenance services.
According to Barloworld’s Senior Financial Manager, Naomi Kalumba, KCM made partial payments, but a balance of US$1,142,940.11 remained unpaid.
Read more: Court of appeal halts Copperbelt Energy’s seizure of KCM assets over $29.6 million debt
The dispute led to a Garnishee Order Absolute, which required KCM to pay US$1,167,662.32.
Despite this, the debt remained unsettled.
Following the High Court’s approval of KCM’s scheme of arrangement on June 28, 2024, Barloworld Equipment Zambia was identified as a Class 1 creditor.
Although KCM initially disputed the claim, an independent claims adjudicator ruled that the mining company owed Barloworld US$999,000.
Kalumba said KCM agreed to pay the sum within seven days from the execution of a consent settlement agreement dated October 31, 2024.
However, the mining company allegedly failed to meet this deadline.
“That the seven days lapsed and KCM has neglected to honour its obligation under the agreement and scheme of arrangement as a whole, in blatant disregard of this court’s ruling,” Kalumba stated in her affidavit.
Barloworld argued that KCM’s failure to comply was contemptuous and has caused undue delay and prejudice.
The application before the court seeks an order compelling KCM to make the payment within seven days.
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