Court orders Zambia Vedanta unit to pay state firm $139 million
LUSAKA, Jan 2 (Reuters) – A London court has ordered Zambia Vedanta unit KCM to pay a state mining company $139 million in a claim related to the copper price, raising by $36 million the amount it was originally ordered to pay, the state company said on Tuesday.
The claim relates to outstanding payments under a 2013 copper price participation settlement agreement between Konkola Copper Mines (KCM) KCM and Zambia Consolidated Copper Mines Investments Holdings (ZCCM-IH).
Vedanta officials were not immediately available for comment.
(Reporting by Chris Mfula; Editing by Ed Stoddard)