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Zambia, Vedanta Resources agree to seek out-of-court settlement

27th September 2022

By: Reuters

  

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Zambia has agreed with Vedanta Resources Limited to pause hearings on their dispute over Konkola Copper Mines for six months and seek an "amicable settlement", State mining investment firm ZCCM-IH said on Tuesday.

Zambia in May 2019 handed control of KCM to a State-appointed provisional liquidator, triggering a protracted legal battle with owner Vedanta. Zambia's mines minister said in July that he had told ZCCM-IH to seek an out-of-court settlement. 

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Edited by Reuters

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