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Vedanta Resources Regains Control of Konkola Copper Mines, Seeks Partners for Expansion

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Vedanta Resources pays $245.75 million to regain control of Konkola Copper Mines
  • The company seeks partners for a $1 billion exploration and development plan

Vedanta Resources Ltd., an Indian mining company, has announced it paid $245.75 million to regain control of the Konkola copper mine in Zambia after years of legal disputes. The company is now seeking partners to develop the asset.

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