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What major operational changes will occur at Konkola Copper Mine by end of 2024?
2
Resolution / Starting Odds
Expansion of operations • 25%
Reduction in operations • 25%
Automation improvements • 25%
No significant changes • 25%
Official press releases from Vedanta Resources or industry reports
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.
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Major expansion • 25%
Minor expansion • 25%
No change • 25%
Reduction in operations • 25%
Illegal mining activities • 25%
Environmental concerns • 25%
Regulatory hurdles • 25%
Other operational issues • 25%
New project in Africa • 25%
New project outside Africa • 25%
Partnership with another company • 25%
No major developments • 25%
Yes • 50%
No • 50%
Regulatory issues • 25%
Technical challenges • 25%
Financial constraints • 25%
No significant challenges • 25%
Improved reliability of power stations • 25%
New capacity brought online • 25%
Government investment and oversight • 25%
Other • 25%
M23 rebels • 25%
DRC government • 25%
Another rebel group • 25%
Other • 25%
Increased production • 25%
New exploration projects • 25%
Cost-cutting measures • 25%
Other operational changes • 25%
Expand operations • 25%
Reduce operations • 25%
Maintain current operations • 25%
Exit Tamil Nadu market • 25%
Completion of starter plant • 25%
Completion of full expansion • 25%
Both completed • 25%
Neither completed • 25%
