By CHARLES MUSONDAVEDANTA Resources Limited says it is ready to invest US$1.5 billion in Konkola Copper Mines (KCM) and is keen to engage ZCCM-Investment Holdings to restore the mine.Vedanta Group chief executive officer Sunil Duggal said in a statement yesterday the investment of US$1.5 billion in the operations at KCM will include US$200 million to pay local suppliers of the mine.Mr. Duggal said the investment will also include US$400 million to bring in best in class environmental, social and governance practices to improve health, safety and working conditions for employees as well as the allocation of US$100 million for community projects.He said the investment will go into continuing to operate the integrated asset, leading to a significant improvement in business and stability in jobs for employees which will positively impact the lives of many Zambians.He said this will help in rejuvenating the country’s economy and will place Zambia firmly on the map as one of […]
VEDANTA READY TO PUMP $1.5BN IN KCM
