Zambia court halts liquidation proceedings over Vedanta mines: Court
The Hindu
Vedanta has been locked in a dispute with the Zambian government since May 2019, when the Zambian government handed control of the mine to a liquidator
A Zambian court has stayed hearing by a state-appointed provisional liquidator for splitting up Vedanta Resources' Konkola Copper Mines (KCM) unit and selling the assets. The stay on KCM liquidation proceedings has been granted to allow Vedanta and the Zambian government to proceed to arbitration, Vedanta said in a filing to the Singapore Stock Exchange. Metals and mining firm Vedanta Resources held a 79.4% stake in KCM while the Zambian government through its state mining investment firm ZCCM-IH holds the remaining 20.6%.
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