Zambia

Vedanta Resources in stake sale talks with global investors for Zambia Copper mines

The move comes as the mining conglomerate seeks to raise funds to ramp up production at one of the world's largest high-grade copper deposits.

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Court approves billionaire Anil Agarwal’s plan to reclaim Zambia mine

A court in Zambia’s capital, Lusaka, on Friday approved a scheme of arrangement that was supported by Konkola Copper Mines Plc’s creditors, the southern African country’s mines minister, Paul Kabuswe, said on Facebook.

Vedanta, Tata group to scout for lithium mines in Zambia, Congo

State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia, mines secretary VL Kantha Rao has said. India is also looking to tie up with Chile for copper assets

India sends relief material to cholera-affected Zambia

The aid weighing approx 3.5 tons comprises water purification supplies, chlorine tablets and ORS sachets. Was handed over today by our High Commissioner to the Government of Zambia, Jaishankar said.

World’s oldest wooden structure, found in Zambia, predates modern humans

Archaeologists have discovered what is thought to be the world’s oldest known wooden structure near the border of Zambia and Tanzania.

Vedanta regains control over Konkola Copper Mines from Zambia govt

Vedanta Resources Chairman Anil Agarwal, welcoming Zambia government's decision said, the company recognises KCM as a valuable asset

Zambia poised for debt restructuring deal: Report

The head of the Paris Club of creditor nations Emmanuel Moulin said on Wednesday that Zambia's creditors were close to being able to propose the terms of a debt restructuring deal at the summit.

Janet Yellen urges Zambia debt restructure after talks with China

Janet Yellen added that Zambia's debt overhang was a drag on its whole economy and that China had been a barrier to resolving the southern African country's debt problem.

Vedanta challenges Zambia's appointment of new KCM liquidator

Zambia's previous government put KCM into the hands of liquidator Milingo Lungu in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM's parent company. read more

Vedanta offers Zambia investment commitments in return for copper-mine control

Zambia's previous government put KCM into the hands of liquidator Milingo Lungu in May 2019, triggering an ongoing legal dispute with Vedanta Resources, KCM's parent company.

As vaccines trickle into Africa, Zambia’s challenges highlight other obstacles

For months, the biggest challenge to vaccinating Africans against COVID, and protecting both the continent and the world from the emergence of dangerous variants, has been supply: A continent of about 1.4 billion people has received just 404 million doses of vaccine, and only 7.8% of the population is fully vaccinated.

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

The ruling is a blow to Vedanta, which has been locked in a legal battle since the Zambian government – which owns 20% of KCM through state mining investment firm ZCCM-IH – handed control of the business to a liquidator in May 2019.

Zambia deports top Zimbabwe opponent Tendai Biti, defying court order: Lawyer

Biti, a veteran figure in the Movement for Democratic Change (MDC), fled to Zambia yesterday claiming asylum, reportedly facing charges at home of inciting post-election violence.

Varun Beverages hikes stake in Zambia subsidiary to 90%

"Varun Beverages has increased its stake in its Zambia subsidiary, Varun Beverages (Zambia) Ltd, to 90 percent from 60 percent. VBL has been successfully running the Zambia operations since its acquisition in 2016," the company said in a statement.

UK court asks Vedanta to settle USD 100mn dispute with Zambian

Indian mining giant Vedanta Resources has been directed by London High Court to pay USD 100 million to a state-owned Zambian investment company related to a 2013 copper price agreement.

Miner Gemfields emerald auction delayed by demonetisation drive

Indian Prime Minister Narendra Modi in November decided to scrap 500-rupee and 1,000-rupee banknotes in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed.

Tata Power to invest in renewable energy sector in India

Tata Power currently runs 3,300-megawatt (MW) on non- fossil fuel out of 10,500-MW in operation.

Vedanta Resources aims to close Cairn India merger in early 2017

Vedanta is among the resource firms hit by a collapse in commodity prices and it is also facing legal action and activist protests over its operations in Zambia.

Maamba Collieries synchronises 150 MW unit with Zambian Grid

"Maamba Collieries Ltd (MCL)...has synchronised the first 150 MW Unit of the 300 MW power plant with the Zambian Grid," Nava Bharat Ventures Ltd said in a filing to BSE.

Cos must explore Africa for producing pulses, oilseed: Govt

India is dependent on import of pulses and edible oils due to a huge supply-demand gap. It imports 4-5 million tonnes (MT) of pulses and 13-14 MT of edible oils annually.

Tata Power's JV commissions 120 MW Zambia project

Itezhi Tezhi Power Corporation Ltd (ITPC), a joint venture with Zambian parastatal utility ZESCO Limited (ZESCO), is a special purpose vehicle, which has been set to build and operate a 120 MW hydro power plant in Itezhi Tezhi district on Kafue River in Zambia.