Biz & CorporateBusiness

Vedanta raising funds for KCM

VEDANTA Resources has stated that it is in the process of raising funds to operationalize the Konkola Copper Mine (KCM) and is exploring ways for the best corporate structure that would help to raise financing without losing control of its stake the Zambia’s giant copper mine.  

Masuzyo Ndhlovu, the Vedanta Resources Director Corporate Communications says Vedanta shall remain a majority shareholder in KCM and has so far put in place business strategies that would result into an investment of us$1.3 billion to expand and modernize the copper mine.

Responding to press query yesterday, Mr Ndhlovu said the US$1.3 projected investment into KCM was likely to boost copper production to 300,000 tonnes from the current CLICK HERE TO READ MORE


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