Positive news for Large metal conglomorate

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In 2019, a dispute erupted over the ownership of Konkola Copper Mines (KCM) in Zambia, leading to authorities seizing the mines of Vedanta Resources

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The Zambian government owns a 20% stake in KCM.

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Vedanta Resources has pledged to invest more than $1.2 billion in KCM to increase output and repay outstanding debts

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The Zambian government accused Vedanta of failing to meet their investment plans to increase mining output

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Zambia's Mines Minister, Paul Kabuswe, announced on Tuesday that Zambia has agreed to return control of KCM to Vedanta Resources

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With the ownership dispute resolved and Vedanta's commitment to investment, the future of KCM and its mining operations in Zambia looks promising

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Big news alert from ITC

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Positive news for Large metal conglomorate

In 2019, a dispute erupted over the ownership of Konkola Copper Mines (KCM) in Zambia, leading to authorities seizing the mines of Vedanta Resources

The Dispute

The Zambian government owns a 20% stake in KCM.

Govt Ownership

Vedanta Resources has pledged to invest more than $1.2 billion in KCM to increase output and repay outstanding debts

The Zambian government accused Vedanta of failing to meet their investment plans to increase mining output

Soured relations

Zambia's Mines Minister, Paul Kabuswe, announced on Tuesday that Zambia has agreed to return control of KCM to Vedanta Resources

Dispute resolved

With the ownership dispute resolved and Vedanta's commitment to investment, the future of KCM and its mining operations in Zambia looks promising

Big news alert from ITC

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