By ADRIAN MWANZATHE current Government needs to be careful when dealing with Vedanta which has pledged to invest $1.5 billion to rescue KCM. Green Party president Peter Sinkamba said that Vedanta chairperson Anil Agrawal had in the past proved not to be trustworthy after outlining a 50-year vision for mining and his plans for investing another $1 billion for the next phase of growth turned out to be fake. Mr Sinkamba said if indeed US$1.5 billion was invested into the KCM operations, the nation would stand to benefit greatly from the current high copper prices. He wondered if Vedanta would this time around honour its commitment after having cheated several times before. Mr Sinkamba said it was better to tread carefully because “once bitten twice shy” hence the need to be more careful. “However, the problem is Vedanta itself, we have heard this sort of story from Vedanta before. Most recently was in 2017 when former […]
GOVT CAUTIONED OVER VEDANTA PLEDGE
