· Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Vedanta will take back ownership of a key Zambian copper mine four years after Africa’s second-largest
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· The Konkola mine has reserves and resources of 16 million tonnes (mt) of contained copper. According to Vedanta Resources, the mine has a copper grade of 2.3 per cent which compares very favourably with the global average of 0.4 per cent.
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Project No. 313c kcm technical assesment report.doc January 2008 IMC Group Consulting Ltd Technical Assessment Report of Konkola Copper Mines Plc as at 12th August 2005. Prepared for N M Rothschild & Sons Ltd. By IMC Group Consulting Ltd
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Konkola Copper Mines plc (KCM), one of Africa's largest integrated copper producers, is a subsidiary of Vedanta Resources Plc, one of the world’s largest diversified natural
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· Konkola Copper Mines plc is a subsidiary of Vedanta Resources plc ("Vedanta") a London Stock Exchange listed FTSE100 diversified metals and mining company, with revenues in excess of USD 6.5 billion.
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· Before then, Hichilema has to reverse his predecessor’s biggest mistake: the costly state takeovers of the Copperbelt’s largest mines, Konkola and Mopani, between 2019 and 2021. Mopani posted
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· Zambia strives to become the world’s second-biggest copper producer after Chile by the year 2030, and its government believes that copper mining has the potential to transform the country’s economy. In 2022, Zambia produced 770,000 metric tonnes (mt) of the metal, but the government would like to raise production to 3mn mt by
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· Vedanta Resources aims to double the annual integrated production of copper to 100,000 tonnes, with the potential to 200,000 tonnes in the medium term. Separately, Konkola Copper Mines has forged a deal with Copperbelt Energy over a debt the mining company owed it. Under the agreement, Konkola Copper Mines will pay the
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The Konkola section of the Zambian Copper Belt comprises a near continuous, NW-aligned, close to 20 km long by 2 to 4 km wide ribbon of ore within the Neoproterozoic Lower Roan Subgroup. It extends from the northern margin of the regional 'Kafue Anticline' basement block, and is down-folded, to emerge again on the rim of the Konkola
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:Konkola Copper MinesVedanta Resources · Zambia’s government has agreed a deal that will return ownership of the Konkola Copper Mines (KCM) to Vedanta, four years after the group left the mine, as part of new initiatives to drive massive growth in the mining sector. In 2019, then-President Edgar Lungu’s pursuit of nationalised mining invo
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:Konkola Copper MinesKonkola Mine · Vedanta Resources and government have finally sealed an agreement that restores the firm’s ownership of Konkola Copper Mines (KCM). This development puts
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· The long-awaited agreement, sealed on October 23rd, 2023, marks a significant development in the copper-rich African nation’s mining landscape. The deal sees Vedanta, led by billionaire Anil Agarwal, acquiring a 79.4% stake in KCM for a reported $1.4 billion. The remaining 20.6% will be held by the state-owned Zambia Consolidated
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· According to Vedanta, KCM has resources and reserves of 16 million tonnes of contained copper, and its copper grade is 2.3 percent, which is significantly higher than the 0.4 percent average for
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· Konkola Copper Mine. Located approximately 26 km north of Chingola, the Konkola Mine is a flagship copper project in Zambia with inferred reserves of 265.6 million tons of copper grading 3.36%. Owned by Vedanta Resources and ZCCM Investment, it operates both underground and open-pit mines and metallurgical plants.
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· Mr. Muyangwa outlined the significant copper ore reserves at Konkola Deep in Chililabombwe, emphasizing the potential for this world-class asset to contribute to Zambia’s copper production targets. He confirmed that Vedanta’s transition to assume KCM operations would take place in the coming months, following the finalization of necessary
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· Zambia has ramped up the pressure on Konkola Copper Mines, the copper company controlled by metals tycoon Anil Agarwal’s Vedanta Resources. A day after President Edgar Lungu said
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:Abiton Ngwira Konkola Copper Mines PlcKonkola Copper Mines Latest Newsreserves, resources and extended the life of the mines by over 50 years. Notable investments include: • Sinking of a 1,500 metres deep shaft at the agship Konkola Deep
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:Konkola Copper MinesVedanta ResourcesLUSAKA, Nov 6 (Reuters)-Vedanta Resources and the Zambian government on Monday sealed an agreement that restores the Indian company's ownership of Konkola Copper
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· Konkola Deep mine has copper ore reserves of roughly 250 million tons. "Zambia and the world have been waiting for a long time for this mine to be properly developed," the company stated. Chinedu Okafor Chinedu is a
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· LUSAKA (Reuters) -Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in KCM through
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· The Konkola mine is one of Zambia’s flagship copper projects and holds inferred reserves of 265.6 million tons of copper grading 3.36%. The mine is situated roughly 26km north of the city Chingola and serves as the northernmost mine in
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· ZCCH-IH. ZCCM-IH and Vedanta Resources have officially signed a shareholders and implementation agreement aimed at regulating the operations of Konkola Copper Mines (KCM). This agreement outlines
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The Konkola section of the Zambian Copper Belt comprises a near continuous, NW-aligned, close to 20 km long by 2 to 4 km wide ribbon of ore within the Neoproterozoic Lower Roan Subgroup. It extends from the northern margin of the regional 'Kafue Anticline' basement block, and is down-folded, to emerge again on the rim of the Konkola
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· Vedanta Resources, the mining conglomerate owned by Indian-British billionaire Anil Agarwal, aka the "Metal King", should regain control of Konkola Copper Mines (KCM) in a matter of weeks. Earlier in January, Zambia Consolidated Copper Mines-Investment Holdings (ZCCM-IH) decided to prosecute Vedanta before the High Court of
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:Konkola Copper MinesVedanta ResourcesThe Konkola mine is one of the wettest mines in the Zambian Copperbelt, with inflow volumes of approximately 400,000 m3 of water per day. The water from all pump stations
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· Aim-listed Tertiary Minerals has highlighted the promise of its Konkola West copper project, in Zambia, thanks to its close proximity to the Bill Gates and Jeff Bezos-backed KoBold Metals
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Konkola Underground Copper Mine is located in the Copperbelt Province of Zambia and has the largest known ore reserves of all the eight operating mines owned by Zambia Consolidated Copper Mines Limited. Konkola has long been recognised as one of the wettest, if not the wettest mine in the world. An average of 360,000m3/d is pumped from
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The copper division (Sterlite Copper) at Vedanta Ltd. is a custom smelter at Tuticorin, India. In addition, the company also owns the Mt. Lyell copper mine in Tasmania, Australia, which provides a small percentage of the copper concentrate requirements of the Tuticorin smelter. Vedanta Resources owns a controlling 62.9 % stake in Vedanta Limited.
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· The Konkola Deep Mine Project (KDMP) started to bring copper ore from its mid-level in 2010 and from the bottom of the shaft in 2014. Now the deep mine is ramping up to full production, he says. “Last year we mined just under 1.5 million tonnes of ore and this year we expect over 2 million tonnes.”. It’s a busy place with 6,000 people
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:Konkola Copper MinesVedanta ResourcesMining Review AfricaKCM’s world class assets have reserves and resources of 16 million tonnes of contained copper. It has a copper grade of 2.3% which compares very favourably with the global
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