VEDANTA Resources has applauded the High Court’s approval of the creditor scheme of arrangement. Vedanta has reaffirmed its commitment to pay $250 million to KCM contractors and suppliers and to award a 20 percent salary increment to employees. In a statement issued by its Corporate Communications Office, the company stated that the unlocking of Konkola Copper Mines would pave way for the appointment of a Board of Directors and facilitation of payment of all commitments made by the firm. “Vedanta Resources applauds the High Court of Zambia’s approval of the creditor scheme of arrangement, paving the way for the revitalisation of Konkola Copper Mines (KCM). We are committed to working collaboratively with the government, employees and the local communities to...