The High Court in Kitwe has placed Handa Resources Ltd, majority-owned by Anglo American Exploration, into receivership following a debt claim by Zambia Mineral Exchange Corporation Ltd.
The Ex-Parte Order, dated July 14, 2025, invokes Sections 4 and 12 of the Corporate and Insolvency Act. A court-appointed Receiver has assumed control of Handa’s assets pending debt recovery .
Despite this material event, no disclosure has been made by Anglo or ARC Minerals on the London Stock Exchange, where both are listed—raising serious questions of non-compliance with disclosure obligations under UK securities law.
This development underscores growing concerns about double standards by foreign-listed entities operating in Zambia under political protection.