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Vedanta to sell stake in KCM

By NATION REPORTER

VEDANTA Resources is considering to sale minority stake in Konkola Copper Mine (KCM) once it fully takes over the operation of the giant copper mine.

And Vedanta Resources has announced that it has embarked on a fundraising campaign meant to raise US$1.3 billion for the recapitalisation of KCM.

Vedanta Base Metals Chief Executive Officer, Chris Griffith said the company was owning 80 percent shares in the giant mine and selling a minority share was one of the options. CLICK HERE TO READ MORE

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