Vedanta Resources and the Zambian government have finalised an agreement which will restore the ownership and management of Konkola Copper Mines to the conglomerate.
The agreement was signed on Monday between state firm ZCCM-IH and Vedanta’s head of base metals Chris Griffith in Lusaka, according to Reuters. Zambia seized the Konkola mine from Vedanta in 2019.
The agreement will pave the way for the re-appointment of the KCM board and the withdrawal of all legal challenges in court.
