Vedanta Resources: Abu Dhabi s International Resources Holding (IRH) offers to acquire a majority stake in Vedanta s Zambian copper assets, reflecting a strategic move in the African copper mining sector.
The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines (KCM) from Indian billionaire Anil Agarwal-owned Vedanta, the sources said.
The mining investment arm of Abu Dhabi s most valuable company has offered to buy a majority stake in Vedanta Resources Zambian copper assets, two sources familiar with the matter told Reuters,.
Zambia : First Quarter,2024 Economic Performance Analysis lusakatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lusakatimes.com Daily Mail and Mail on Sunday newspapers.
Copper prices are surging to a 15-month high, driven by supply concerns and optimistic demand forecasts. Jubilee Metals Group plc is poised to benefit from this trend in the market.