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