Loading...
Market
Vedanta Resources to meet 300,000 tons production target at Konkola by end of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available production reports from Vedanta Resources or official statements
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
Expand operations • 25%
Reduce operations • 25%
Maintain current operations • 25%
Exit Tamil Nadu market • 25%
Yes • 50%
No • 50%
Court rules in favor of Vedanta • 25%
Court rules against Vedanta • 25%
Case dismissed without ruling • 25%
Settlement reached • 25%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Increase by less than 5% • 25%
Decrease • 25%
