Global mining giant, Vedanta Resources Plc., said it looking to engage in talks to prevent the liquidation of its Konkola Copper Mines.
Vedanta’s global CEO, Srinivasan Venkatakrishnan, said in a statement tracked by Reuters that:
“While Vedanta intends to fully defend its legal rights, we remain open to dialogue,”
“We hope to meet with the Zambian government in the near future to discuss a mutually agreeable solution to the current situation as well as the broader challenges faced by KCM.”
KCM ran into trouble after a lawsuit was instituted in a Zambian court to liquidate the company over allegations that KCM polluted the land of nearly 2,000 Zambian villagers.
KCM’s Zambian business consists of three mines and a refinery and produced 195,300 tonnes of
Vedanta said it is seeking to be part of the KCM liquidation proceedings from which it has been excluded.