Zambia has agreed with Vedanta Assets Restricted to pause hearings on their dispute over Konkola Copper Mines for six months and search an “amicable settlement”, State mining funding agency ZCCM-IH stated on Tuesday.
Zambia in Might 2019 handed management of KCM to a State-appointed provisional liquidator, triggering a protracted authorized battle with proprietor Vedanta. Zambia’s mines minister stated in July that he had informed ZCCM-IH to hunt an out-of-court settlement.
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