Copper: Humanity’s first and most important future metal
Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.
LUSAKA, Jan 2 (Reuters) – A London court has ordered Zambia Vedanta unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.
The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines (KCM) KCM and Zambia Consolidated Copper Mines Investments Holdings (ZCCM-IH).
Vedanta officials were not immediately available for comment.
(Reporting by Chris Mfula; Editing by Ed Stoddard)
