The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters ...
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Manoj K Agarwal's Post ... Copper mining stocks rose 9.38% in April, leading to a 27.24% year-to-date increase. ... reflects strong confidence in copper's long-term fundamentals, despite the ...
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Billionaire Anil Agarwal's Vedanta has been trying to regain the major copper asset since 2019, when KCM was put into provisional liquidation after the previous government accused its owner of ...
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Vedanta informed Bloomberg this week that it is prepared to start the payments. Additionally, Agarwal's firm has committed to investing $1 billion over five …
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Bloomberg. 13 November, 2020. Zambia's plan to sell the copper mines it seized last year from billionaire Anil Agarwal's Vedanta Resources is bogged down in legal challenges that are discouraging buyers. …
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Agarwal's firm has also committed to investing $1 billion over five years to complete expansion projects. Although Konkola's annual production capacity exceeds …
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The company is talking to a range of financing partners to raise money for a restart of its Konkola Copper Mines unit. ... of an African mining conference in Cape Town. ... Anil Agarwal, ending a ...
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Vedanta said it would also grant KCM workers a 20% salary increase and once-off payment of 2,500 Zambian Kwacha (about $102). Vedanta will still need to raise an additional $1-billion revive the ...
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Vedanta informed Bloomberg this week that it is prepared to start the payments. Additionally, Agarwal's firm has committed to investing $1 billion over five years to complete expansion projects. Despite Konkola's annual production capacity exceeding 300,000 tons of copper, its output plummeted to less than 40,000 tons in 2023.
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Billionaire Anil Agarwal is the founder and chairman of Vedanta, India's largest mining company. ... Vedanta's international operations are copper mines in Zambia and Vedanta Zinc, with ...
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Half of the employees of the emerging Prieska Copper Zinc Mine in South Africa's prospective Northern Cape were, as of June 30, made up of members of the host community towns of Prieska ...
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Agarwal has been one of the mining sector's most dynamic dealmakers in recent years. ... The London-listed company owns about 80 percent of Zambia's Konkola Copper Mines and just over 50 ...
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A court in Zambia's capital, Lusaka, on Friday approved a scheme of arrangement that was supported by Konkola Copper Mines Plc's creditors, the southern …
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Anglo American Plc (LON:AAL) has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources Ltd (LON:VED), Anil Agarwal, the Telegraph ...
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Agarwal, who is looking to reduce the parent company's massive debt load, has also pledged to invest $1 billion in Konkola and more than double copper production from the operation.
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Anil Agarwal was born and brought up in a Marwadi family in Patna, Bihar, India.His father Dwarka Prasad Agarwal had a small aluminum conductor business. [6] [7] He studied at Miller High School, Patna. [8] [9] He decided to join his father's business, making aluminium conductors instead of going to university. [10] At 19, the "metal king" left Patna for …
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Vedanta Resources Ltd., led by Indian billionaire Anil Agarwal, has won court approval to take back control of Konkola Copper Mines (KCM) in Zambia. This decision comes after a long legal and financial …
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The implication is that Mr Agarwal, the charismatic owner, will have the final say on Vedanta's future growth. The mining mogul's investors hope the new recipe will include improved ...
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Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world's largest copper mines from the Zambian government. After Agarwal, the Vedanta Group chair, in an uncharacteristic move, shared his views, …
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With Anil Agarwal's Vedanta chosen as the preferred bidder for two copper mines, brokerages are of the view that the company is fitting the missing piece in its business. "Mining is an entirely different business and selling of copper concentrate can also be a good business for Vedanta.
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Piyush Agarwal's Post ... Controller - Minerals & Mining, Hindalco at Aditya Birla Group 5y ... How Satish Pai charted Hindalco's path to long-term growth in aluminium and copper sectors
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A video has emerged online in which the owner of an international mining company reveals that he was shocked and pleasantly surprised that the Zambian government sold him one of Africa's largest copper mines for a song, about a decade ago.. …
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Vedanta Resources Ltd. can take back control of the Konkola copper project in Zambia after a court sanctioned a plan to settle debts owed to the mine's creditors. A court in Zambia's capital, Lusaka, on Friday approved a scheme of arrangement that was supported by Konkola Copper Mines Plc's creditors.
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Vedanta, owned by Indian-billionaire Anil Agarwal, wants to sell a stake in the copper mines to raise about $1.2-billion required to revive operations and boost copper output.
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Agarwal's debts are at the heart of the battle being fought by Vedanta and the Zambian state, which considers that it suffered heavy losses while the group was managing KCM between 2015 and 2019. …
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Billionaire Anil Agarwal's Indian zinc maker will give 6 rupees a share, or a total of 25.4 billion rupees, in a second interim dividend for the financial year that started on April 1, the ...
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From scrap metal trader to a $1 billion university in your name & The Soviet era's ultimate mine turnaround story 2012 Mining Billionaires: #31 Anil Agarwal, #32 Andrei Guriev, #33 Vladimir Kim ...
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Indira Agarwal's Post ... with #renewablediesel at its Kennecott copper operation in #Utah from 2024, the mining company has confirmed. Kennecott's fleet of 90 haul trucks and all heavy ...
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Gold prices: Mining mogul Anil Agarwal advocates for India to become a major gold producer by privatising PSUs Bharat Gold Mines and Hutti Gold Mines. He emphasizes the need to reduce gold imports, boost domestic production, and create jobs. Agarwal suggests divesting government equity in Hindustan Copper Ltd to further save …
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The acquisition of further shares will be done through Volcan Investments Ltd., the family trust of Agarwal, who is the founder and chairman of Vedanta (LON:VED), India's largest mining company.
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