Vedanta turns to SA courts to protect Zambian business

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The firm is seeking an urgent order to prevent the winding up of its Konkola Copper Mines over a licence dispute

A man walks past the Vedanta headquarters in Mumbai, India, on January 31 2018. REUTERS/DANISH SIDDIQUI

Vedanta is locked in a dispute with the Zambian government, which accuses KCM of breaching the terms of its licence. Vedanta said in a statement it had obtained a temporary order in an SA high court allowing it to make an urgent request on July 16 for an injunction against ZCCM and a provisional liquidator at KCM. Vedanta holds a majority stake in KCM, with ZCCM holding a minority stake.

 

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