Property seizure grounds Lafarge operations, Zambia

Property seizure grounds Lafarge operations, Zambia
11 September 2009

Lafarge Cement Plc has suspended operations after court bailiffs started seizing its property to execute a High Court ruling which awarded US $13 million to Citizens for a Better Environment (CBE) for environmental liabilities caused by the giant cement manufacturing company.

Head of Corporate Affairs Eugene Chungu said yesterday that the ruling had negatively affected the operations of Lafarge Cement Plc since last Friday when the execution of the ruling started, resulting in some properties for the company being seized by bailiffs.

Chungu did not immediately indicate whether Lafarge Cement Plc would resume operations after Kitwe High Court judge Catherine Makungu stayed the execution of an earlier ruling pending appeal in the Supreme Court.

Published under Cement News