Vedanta, Zambia Nearing Deal over KCM Copper Mine Dispute

Published: Jul 6, 2023 15:27

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Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines (KCM) and the future of some state-owned mines.

SHANGHAI, Jul 6 (SMM) – Zambia is close to resolving a dispute with Vedanta Resources (VEDJB.UL) over its Konkola Copper Mines (KCM) and the future of some state-owned mines.

Both sides want to see a deal to mine production, according to Reuters.

KCM has struggled to attract investment since Zambia's relationship with Vedanta broke down a few years ago, culminating in state seizure of KCM assets and mandatory liquidation in May 2019.

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