VEDANTA Resources has announced that it has arranged US$250 million funding to pay KCM creditors, as per a High Court decision rendered on June 28, 2024. In a joint statement, Friday, Vedanta and ZCCM-IH stated that additionally, KCM employees would receive a one-off payment of K2,500 and a 20 percent salary increment after board reinstatement. “In a significant development, Vedanta has arranged USD 250 million funding to pay KCM Creditors as per High Court decision rendered on 28 June 2024. With Vedanta Resources’ reinstatement, Konkola Copper Mines (KCM) is poised for a new era of growth and prosperity. Vedanta Resources, the Government of the Republic of Zambia (GRZ), and ZCCM Investments Holdings Plc (ZCCM-IH) are working in close collaboration to...