https://newsletter.en.creamermedia.com
Business|Copper|Exploration|Mining|Refinery|Resources|Operations
Business|Copper|Exploration|Mining|Refinery|Resources|Operations
business|copper|exploration|mining|refinery|resources|operations

Vedanta seeks partners to develop Zambia mines it’s regaining

Mining equipment in operation at the Konkola Copper Mine

Photo by Bloomberg

25th July 2024

By: Bloomberg

  

Font size: - +

Vedanta Resources, the mining company that billionaire Anil Agarwal founded, is looking for business partners to boost output at the Zambian copper assets it’s regaining control of after years of legal battles.

The company seeks partners to carry out exploration, development and production as part of a $1-billion investment plan at the Konkola Copper Mines assets, it said in calls for expressions of interest in the state-owned Times of Zambia newspaper on Wednesday. The deadline is July 31.

The company lost control of Konkola, or KCM, in 2019 after the government placed the operations under provisional liquidation, accusing Vedanta of lying about expansion plans and not paying enough taxes. That sparked a years-long legal battle until Zambia agreed to the hand assets back. Agarwal sees KCM as a key source of copper for India, which has limited supplies of its own.

Vedanta seeks partners for:

* Mine exploration to increase reserves and resources to 21-million metric tons of copper equivalent, from 16 million tons;
* Enhancing cobalt production to increase output to 6 000 t/y; and
* Operating and maintaining concentrator plants, a smelter, a refinery and a tailings-leach plant.

Edited by Bloomberg

Comments

Research Reports

Latest Multimedia

Photo of Martin Creamer
On-The-Air (06/09/2024)
6th September 2024 By: Martin Creamer

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Unisa, Inqaba Biotec launch next-generation DNA
Unisa, Inqaba Biotec launch next-generation DNA
4th September 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.211 0.303s - 192pq - 2rq
Subscribe Now