Search

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

Allen dreyfus Logo
© 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.

Recent Business

North west Namibia. Photo by Vicky Sim @ Unsplash
Namibia confronts reality as 58% rely on informal work
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Senegal’s hidden-debt crisis and Côte d’Ivoire’s $844mn IMF windfall: reform or risk?
Read More »
Luanda, Angola. © Unsplash
Angola cuts benchmark rate to 18.5% as inflation falls
Read More »

Recent Politics

Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »
Kenya's ODM split over age, factions and 2027 political strategy. Photo @ The ODM Party/Facebook
Can Oburu Oginga hold Kenya’s ODM together after Raila Odinga’s death?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin extends presidential term from five to seven years
Read More »

Latest Posts

Latest news insights