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What will be the copper output levels at Konkola Copper Mine by end of 2024?
5
Resolution / Starting Odds
Below 200,000 tons • 33%
Between 200,000 and 300,000 tons • 33%
Above 300,000 tons • 33%
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.
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Similar markets
Less than 100,000 tons • 25%
100,000 to 200,000 tons • 25%
200,000 to 300,000 tons • 25%
More than 300,000 tons • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than 10,000 tons • 25%
10,000 to 20,000 tons • 25%
20,000 to 30,000 tons • 25%
More than 30,000 tons • 25%
Less than 3 million ounces • 25%
3-3.5 million ounces • 25%
3.5-4 million ounces • 25%
More than 4 million ounces • 25%
Yes • 50%
No • 50%
Completion of starter plant • 25%
Completion of full expansion • 25%
Both completed • 25%
Neither completed • 25%
Below 2.5 million metric tons • 25%
2.5-3 million metric tons • 25%
3-3.5 million metric tons • 25%
Above 3.5 million metric tons • 25%