Vedanta pulls copper unit’s US listing
VEDANTA Resources has postponed the New York stock market debut of its copper subsidiary CopperTech Metals, blaming volatile conditions in global mining equities, just one day…
CopperTech Metals seeks $3.6bn valuation in US listing
COPPERTECH Metals is targeting a valuation of up to $3.57bn through a US initial public offering, offering 23.5 million shares priced between $16 and $18 each to raise…
Mopani declines copper concentrate export allocation
MOPANI Copper Mines, the Zambian unit of Abu Dhabi-based International Resources Holding, will not export copper concentrate despite receiving the largest single allocation under…
Zambia extends copper concentrate export duty waiver
ZAMBIA has extended a suspension of its 10% copper concentrate export duty to 30 September, giving miners more time to clear stockpiles of unprocessed material while major…
Vedanta’s CopperTech files for New York listing
COPPER Tech Metals, the Zambian copper producer set up by Vedanta Resources, has filed for a US initial public offering, reporting a more than threefold rise in revenue as it…
Vedanta shifts Zambian copper mine to US entity
VEDANTA Resources is transferring its Zambian copper mine to a US-based subsidiary as it seeks to benefit from increased American government support for the mining sector, said…
Vedanta unit plans major Zambian smelter upgrade
KONKOLA Copper Mines (KCM) will overhaul its Zambian smelter facility as part of efforts to boost production following last year’s return to full operations under Vedanta…
Chris Griffith confirms resignation from Vedanta
CHRIS Griffith has confirmed his resignation from Vedanta, the Indian company where he was appointed about two years ago to lead its base metals division. “I can confirm I have…
Naidoo returns to Vedanta to oversee critical minerals drive
VEDANTA Resources, the London-based parent company of Vedanta Ltd, has appointed South African mining executive Deshnee Naidoo as its CEO. Naidoo was previously head of Vedanta…
Vedanta seeking partners for Konkola reinvestment
VEDANTA Resources is looking for business partners to boost output at the Zambian copper assets it’s regaining control of after years of legal battles, said Bloomberg News citing…
Vedanta says it has funds to pay Konkola Copper creditors
VEDANTA Resources said it had arranged funds required to start paying creditors of its Konkola Copper Mines (KCM) in Zambia as it takes steps to revive operations after regaining…
Drought forces cut in copper output at Zambia’s Chambishi
POWER shortages in Zambia have forced a one-fifth cut in copper production at the Chambishi facilities of Nonferrous Metal Mining Corp. (CNMC), said Reuters on Monday. The plant,…
Bristow’s life-long crusade against the dilutionary and the delusionary
BARRICK Gold CEO Mark Bristow sounded off long and hard on his favourite theme – organic growth – in yesterday’s presentation of Barrick’s results for the year to end-December…
Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper
VEDANTA Base Metal’s top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from the current 70,000 tons a…
First survivor pulled from collapsed mine in Zambia
THE first survivor of a landslide that inundated an open pit copper mine in Zambia has been rescued, said Reuters. The rescue team also retrieved two bodies, which were yet to be…
Chris Griffith back in mining as head of Vedanta Base Metals
Vedanta Resources, the global diversified natural resources group, has appointed a well-known South African executive, Chris Griffith, as CEO of its Base Metals division and…
Vedanta reinstated as owner of Konkola Copper ending four years of colourful sparring
VEDANTA has been reinstated as the owner of Konkola Copper Mines (KCM) ending four years of dispute which once saw the Indian firm’s executive chair Anil Agarwal publish an…
Vedanta near settlement with Zambia over in liquidation Konkola Mines
VEDANTA Resources was on the cusp of bringing four years of dispute with the Zambian government over Konkola Copper Mines to a close, said Bloomberg News. The newswire cited the…
Zambia close to resolving dispute with Vedanta over Konkola Copper Mines
ZAMBIA is close to resolving a dispute with Vedanta Resources over its Konkola Copper Mines (KCM), with a deal over the future of the partly state-owned unit “imminent”, said…
Zambia seeking equity partner for Konkola Copper Mines despite ownership dispute
ZAMBIA said it had started the search for an equity investor for its Konkola Copper Mines (KCM) even as a court case disputing its ownership is to be heard in January 2023. “The…