News Archive

Vedanta’s Zambia unit seeks to shift liabilities to state

Vedanta Resources Plc's Konkola Copper Mines Plc unit has removed "a lot of money" from Zambia and wants the government to assume its liabilities that exceed $1.5 billion, said the nation's Vice President Guy Scott. "This is a matter of national importance," said Scott. "It's a matter concerned with billions and billions of dollars, tens of billions of kwacha, that we stand to lose if we don't stand together and show that we won't be taken for a ride."

Foil Vedanta responds to Tom Albanese on Vedanta in Zambia

Last week several articles were published in the Zambian media reporting on a press briefing held by Vedanta executive Tom Albanese following a ‘closed door meeting’ he held with Labour and Social Security Minister Fackson Shamenda in Lusaka, Zambia, on the 7th February. Mr Albanese met with the Minister to refute claims made in Foil Vedanta‘s report ‘Copper Colonialism: Vedanta-KCM and the copper loot of Zambia‘, released to the Zambian press on January 31st.

Powered by WordPress. Designed by Woo Themes