Vedanta Resources aims to raise $1 bn via debt to fund Zambian copper mines

Quick Summary:

CAPE TOWN (Reuters) - Vedanta Resources VDAN.

NS> is trying to raise around $1 billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company's base metals unit, said.

It wants the $1 billion in funding to boost copper output at KCM to about 300,000 metric tons per year over the next five years.

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Category: BusinessFinance

Markets: IndiaUnited Arab EmiratesZambia

Topics: Vedanta Resources Vedanta Zambian copper mines Debt funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 22:02:25 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25934408

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