Vedanta seeks to pump $382 million into KCM from proceeds of one of its companies

By Angela Moonga Vedanta is intending to raise US$429 million from the sale of shares in one of its companies, of which $382 million would be channelled towards the development of Konkola Copper Mines (KCM). According to Bloomberg, the mining company would put up 11.8 percent, about 23.5 million shares of CopperTech Metals Inc, from...

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