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Court orders Zambia Vedanta unit to pay state firm $139m

3rd January 2018

By: Reuters

  

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LUSAKA – A London court has ordered Zambia Vedanta unit KCM to pay a state mining company $139-million in a claim related to the copper price, raising by $36-million the amount it was originally ordered to pay, the state company said on Tuesday.

The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines (KCM) and Zambia Consolidated Copper Mines Investments Holdings.

Vedanta officials were not immediately available for comment.

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Edited by Creamer Media Reporter

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