💨 Abstract

Vedanta Resources aims to raise $1 billion in debt financing for the development of Konkola Copper Mines in Zambia. The Indian company, which owns 80% of the mines, is less likely to sell a stake and prefers to continue owning 80%. The funds will boost copper output to 300,000 metric tons per year over the next five years.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖