At least three companies lent a total of more than 500 million yuan ($75 million) against stockpiles of the metal stored in a warehouse in the southern province of Guangdong that turned out to be worth significantly less than that.
Zambia in May 2019 handed control of Konkola Copper Mines (KCM) to a state-appointed provisional liquidator, triggering a legal battle with its previous owner Vedanta.
Report recommends that new tailings facilities must not be constructed if the operator cannot ensure the safe and timely evacuation of communities in the area.
With the aim of rebalancing its portfolio towards metals needed for the energy transition, Teck Resources will look to finish constructing its biggest ever project by the end of 2022 and double its copper production.