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Vedanta wins Zambian appeal in Konkola Copper Mines case

11/20/2020 | 08:14am

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)

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