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Zambia court hearing on Vedanta copper mines biz adjourned for a week

In a statement, Vedanta said the judge had considered preliminary issues brought by ZCCM and reserved judgment until June 11

Reuters 

A court hearing following Zambia's decision to name a provisional liquidator to run Vedanta Resources’ Konkola Copper Mines (KCM) business was adjourned for a week on Tuesday without tackling Vedanta’s demands to be involved, the firm said. Vedanta Resources, part-owner of the Mumbai-listed Vedanta group of companies, is KCM’s majority shareholder while Zambian state mining firm ZCCM-IH holds a stake of about 20 per cent. In a statement, Vedanta said the judge had considered preliminary issues brought by ZCCM and reserved judgment until June 11. The judge did not ...

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First Published: Tue, June 04 2019. 21:37 IST
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