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Vedanta’s holding company welcomes South African court decision to block sale of Zambia mines

26 Jul 2019 Evaluate

Vedanta’s holding company -- Vedanta Resources has welcomed a South African court's decision to block sale of its mines in Zambia. The company is committed to resolving the current situation through arbitration.

Earlier, South Africa's high court ordered Zambia to halt sale of Vedanta Resources' Konkola Copper Mines (KCM) until a final decision is made through arbitration.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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