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Vedanta Agrees to Suspend Lawsuits Over Zambia Copper Mines.

Authors :
Cohen, Mike
Njini, Felix
Source :
Bloomberg.com; 5/11/2022, pN.PAG-N.PAG, 1p
Publication Year :
2022

Abstract

Vedanta will pay KCM suppliers as much as $220 million that was due at the time the provisional liquidator was appointed, give workers 20% wage increases and cash bonuses, the company said in a May 5 letter to Kabuswe. (Bloomberg) -- Billionaire Anil Agarwal's Vedanta Resources Ltd. confirmed it has agreed to suspend legal action to reclaim copper mines Zambia seized three years ago, pending talks to settle the dispute. [Extracted from the article]

Subjects

Subjects :
COPPER mining

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
156840390