SPECIAL Assistant to the President for Economic, Investment and Development Affairs Jito Kayumba says its normal for Vedanta Resources to sell some of its shares in its quest to raise capital. And Kayumba says Zambia has about eight live mining transactions in motion at the moment. On Sunday, Vedanta Resources said it was 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. This was after reports indicated that Vedanta was looking to sell a minority stake in Konkola Copper Mines (KCM). Commenting on this in an interview, Monday, Kayumba said people could use their equity, backed by a project, to sell shares and...

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