Vedanta's $250 Million Effort to Settle Zambian Copper Mine Debts
Friday, 5 July 2024, 17:39
Vedanta Secures $250 Million for Debt Settlement
Vedanta has managed to secure $250 million to settle debts related to the Zambian copper mine.
Additional Funds Needed for Full Mining Operations Revival
Vedanta still requires an additional $1 billion to completely revive the mining operations at KCM.
Significant Step in Financial Restructuring
The company's ability to secure this initial amount marks a crucial milestone in stabilizing operations in Zambia.
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