Loading...
Market
Vedanta Resources to face new legal challenges over Konkola Copper Mine by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Court records or official announcements from legal proceedings
Story
Anil Agarwal's Vedanta Resources to Regain Control of Konkola Copper Mine in Zambia After $250 Million Court Approval
Jun 29, 2024, 11:13 AM
Billionaire Anil Agarwal's Vedanta Resources is set to regain control of the Konkola copper mine in Zambia. The company has been trying to recover the asset since 2019. A court has approved a debt settlement plan, allowing Vedanta Resources to take back control of the mine. The Konkola copper project, a deep underground mine, has the capacity to produce 300,000 tons of copper annually. This victory for Agarwal comes with a $250 million price tag. Vedanta plans to ramp up output as the demand for copper is expected to surge in the coming years.
View original story
Similar markets
Court rules in favor of Vedanta • 25%
Court rules against Vedanta • 25%
Case dismissed without ruling • 25%
Settlement reached • 25%
No further action • 25%
New investigation launched • 25%
Fines imposed • 25%
Other penalties • 25%
Project approved • 25%
Project halted • 25%
Project modified • 25%
Ongoing litigation • 25%
Yes • 50%
No • 50%
