MINES and Minerals Development Minister Paul Kabuswe has confirmed that International Resources Holdings (IRH) has submitted an unsolicited bid to Vedanta to purchase shares in Konkola Copper Mines (KCM). IRH recently acquired a 51 percent stake in Mopani Copper Mines. When asked about Delta Mine’s interest, a subsidiary of IRH, to buy shares in KCM during his appearance on Prime TV’s One on One programme, Wednesday, Kabuswe said Vedanta had not yet responded to the offer. “I want to clarify something that I saw I think in the media where they are saying that IRH, you know, is it Vedanta, [that it] has offered 51 percent of its shares to [IRH], no! That is not the position. The position is...

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