Mining conglomerate Vedanta Sources is exploring a possible itemizing of its Zambian asset, Konkola Copper Mines (KCM), on US exchanges as a part of a broader capital-raising technique.
With reserves and assets pegged at 16 million tonnes of contained copper and 412,000 tonnes of cobalt, the asset is being positioned as a future cornerstone of Vedanta’s progress.
Vedanta’s CFO Ajay Goel confirmed in an company report that itemizing KCM is likely one of the strategic choices into account. “We’re taking a look at a number of choices for elevating capital. Within the fullness of time, a list is certainly certainly one of them,” Goel advised PTI.
Nevertheless, he clarified that no last choice has been made but, and the present focus stays on ramping up operations.
KCM presently produces round 200,000 tonnes of copper every year, with plans to extend capability to 300,000 tonnes every year. Cobalt output, a essential ingredient in battery manufacturing, can be set to rise from 1,000 tonnes to six,000 tonnes every year, inserting KCM among the many prime 5 world cobalt producers.
“These are a few of the highest-grade copper deposits on the earth — in extra of two.4%. At present copper costs, this mine is a literal gold mine,” Goel stated, underscoring the strategic significance of the asset within the world power transition.
Copper is a key enabler within the inexperienced power shift — important for electrical automobiles, renewables, and digital infrastructure. With world demand hovering, Vedanta’s KCM stands out as a uncommon, scalable, high-grade asset that aligns with each geopolitical and sustainability imperatives.
Vedanta Sources Restricted is the holding firm for Vedanta Restricted and Konkola Copper Mines, with a various portfolio spanning oil & gasoline, zinc, lead, silver, iron ore, aluminium, nickel, energy, and glass substrate. The potential itemizing of KCM within the US is a part of Vedanta’s effort to unlock worth and appeal to long-term capital for progress throughout its essential mineral operations.
