LME COPPER CASH
 End-of-day quote - 02/20 |
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| 5730 | -0.27% |
Vedanta wins Zambian appeal in Konkola Copper Mines case
| 11/20/2020 | 08:14am |
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LUSAKA (Reuters) - A Zambian court on Friday ordered a stay on liquidation proceedings for Konkola Copper Mines (KCM) to allow owner Vedanta and state mining investment company ZCCM-IH to proceed to arbitration, the provisional liquidator said in a statement.
The ruling by the Court of Appeal in Ndola, Zambia, represents a win for Vedanta, which had appealed to the court to strip the state-appointed liquidator of its powers.
(Reporting by Chris Mfula in Lusaka; Editing by David Goodman)
© Reuters 2021
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