VEDANTA Resources says it is exploring various options for the best corporate structure to raise the US$1.3 billion required to expand and modernise KCM without losing control of its stake in the asset. Recent reports indicated that Vedanta was looking to sell a minority stake in Konkola Copper Mines (KCM). And in a statement, Sunday, Vedanta Corporate Manager Masuzyo Ndhlovu, while quoting Vedanta Base Metals CEO Chris Griffith, indicated that the company had not yet finalised the fundraising mechanisms which would be deployed to fund the $1.3 billion of investment. “The Vedanta Group continues to chart and create more value to build new pathways of growth in all its operations to the benefit of all stakeholders in their host countries....

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