Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
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)
