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Maamba Collieries Limited, Zambia discharges overdue loan instalments

Maamba Collieries Limited, Zambia, Subsidiary of Nava limited, has leveraged upon the improved operational cash flows and receipts against the Arbitral Award to discharge completely the overdue loan instalments aside from meeting regular debt service from ....

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Nava Limited announces remarkable turnaround with Debt Reduction and Enhanced Cash Flows

Nava Limited, a diversified conglomerate and the parent company of Maamba Collieries Limited has announced a significant turnaround on financial position of MCL. ....

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Nava Ltd updates on consent arbitral award for Maamba Collieries Limited, Zambia

The Consent Arbitral Award has since been registered in the High Court of Zambia for any further course of action that the Claimants could pursue. ....

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Nava Ltd's subsidiary gets 1st payment of $10 mn as per arbitration proceedings

NAVA Ltd has reported that ZESCO has effected the first payment of US$ 10 Million to MCL as per the agreed payment plan in the Award. ....

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Maamba Collieries Ltd updates on arbitration against ZESCO

Nava Ltd has announced that The Arbitral Tribunal has issued a Consent Award settling all the claims and confirming the Payment Plan to liquidate the outstanding arrears following an agreement reached between MCL and ZESCO. ....

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