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Vedanta explores US listing for its Zambian copper mines to boost production and raise capital.
Vedanta Resources is exploring the option of listing its Zambian copper mining business, Konkola Copper Mines (KCM), on US markets to raise capital.
KCM holds significant copper and cobalt reserves, aiming to boost copper production to 300,000 tonnes annually from 200,000 tonnes and increase cobalt output to 6,000 tonnes from 1,000 tonnes.
The move comes amid rising copper prices due to high demand from the electric vehicle and renewable energy sectors.
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Vedanta explora el listado de EE.UU. para sus minas de cobre de Zambia para impulsar la producción y recaudar capital.