Vedanta turns to SA courts to protect Zambian business

Malaysia News News

Vedanta turns to SA courts to protect Zambian business
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines



Render Time: 2025-01-10 23:37:53