CopperTech Metals Targets US$423 Million IPO to Fund Zambia Copper Expansion

Published: Jun 24, 2026 09:31

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CopperTech Metals has launched plans for a US initial public offering (IPO), seeking to raise approximately US$423.5 million through the sale of 23.5 million shares priced between US$16 and US$18 each. The offering could value the company at up to US$3.57 billion. CopperTech, established by Vedanta Resources, owns and operates Konkola Copper Mines (KCM) in Zambia. The company plans to invest approximately US$2.7 billion over the next five fiscal years to increase copper production at KCM, targeting average annual output of around 270,000 tonnes from fiscal year 2030 onward.

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