Zambia’s Lungu seeks new investor in Vedanta-controlled copper miner
Zambia has started looking for a new investor in Vedanta-controlled Konkola Copper Mines (KCM), Zambia’s President Edgar Lungu said on state radio on Monday.
“We are not shaken in our resolve to divorce, starting with KCM, and we have filed that notification,” Lungu said on Zambia National Broadcasting Corporation radio, adding that he would brief the cabinet on the decision later on Monday.
London-listed Vedanta said in a statement that it was seeking an urgent meeting with Lungu over the future of KCM and that it had not received formal communication from the government on KCM.
(By Chris Mfula, Barbara Lewis, Alexander Winning and Louise Heavens)
More News
Trump signs executive order to help revive dying coal sector
US president also instructed the Interior Department to locate coal deposits on federal lands, remove barriers to mining, and fast-track leasing processes.
April 08, 2025 | 02:32 pm
US envoy sees Alphamin reopening Congo tin mine as rebels depart
Alphamin halted mining last month at its Bisie mine to protect its employees as M23 rebels neared the site.
April 08, 2025 | 01:51 pm
Sandvik improves underground bolting safety with new pumpable resin system
The latest pumpable resin system, featuring Mineral Bolt technology from Sandvik Ground Support, now supports three bolt types.
April 08, 2025 | 01:44 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments