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Vedanta willing to invest in Zambia copper mine, seeks 'right framework'

Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' KCM business.

Anil Agarwal
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Anil Agarwal, Chairman, Vedanta Resources

Reuters Lusaka
Vedanta's Chairman Anil Agarwal said on Wednesday he was prepared to invest in increasing Zambian copper production to 400,000 tonnes, creating another 10,000 jobs at Konkola Copper Mines (KCM), but said "the right framework" had to be in place.

Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' KCM business.

The government has accused KCM of breaching its operating licence.

Legal proceedings have been adjourned until June 4. In an announcement published in Zambian newspapers, Agarwal said he had told Zambia's president that, "with the right framework" Vedanta was prepared to increase output.

"I am prepared to

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First Published: May 29 2019 | 5:18 PM IST

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