Vedanta in advanced stage of deal with Zambia over copper mine
Vedanta Resources, owned by Indian billionaire Anil Agarwal, said it has reached an “advanced stage” of executing agreements with the Zambian government over Konkola Copper Mines Plc assets that have been in provisional liquidation for about four years.
“Vedanta is alive to the fact that the talks have taken a little longer than initially anticipated,” it said in a statement last week. “The company is firmly committed to the process.”
The Zambian government placed Konkola, of which Vedanta owns 79.4%, into provisional liquidation in 2019, and since then has been locked in legal battles with the company over the asset. The dispute has caused output to plunge.
The Zambian government placed Konkola, of which Vedanta owns 79.4%, into provisional liquidation in 2019, and since then has been locked in legal battles with the company over the asset. The dispute has caused output to plunge.
The Zambian government placed Konkola, of which Vedanta owns 79.4%, into provisional liquidation in 2019, and since then has been locked in legal battles with the company over the asset. The dispute has caused output to plunge.
SOUERCE:mining,com
