Vedanta weighs minority stake sale in Zambian copper assets to reboot mines
Thu, Feb 8, 2024 3:15 PM

Vedanta weighs minority stake sale in Zambian copper assets to reboot mines

A Flip by Shubhangi Gupta
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Vedanta Base Metals CEO Chris Griffith plans to raise $1.3 bn for a restart of its Konkola Copper Mines unit in Zambia. The company is seeking financing partners, including potentially selling a minority stake, with Vedanta retaining majority ownership and operational control. Griffith aims to increase copper output to 200,000 tons after investing $1 billion over the next five years in the mines.

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