Controversy is building around Vedanta Resources’ investment in Zambia’s Konkola Copper Mines (KCM), as stakeholders and members of the public question the pace and transparency of the company’s capital injection. According to the Vedanta’s pledge to invest $1 billion over five years, outlined in the 2023 Shareholders Agreement with the Zambian government and ZCCM-IH, Vedanta has so far injected just $600 million into KCM since November 2023. The government, which holds a 20% stake in KCM through ZCCM-IH, returned control of the mining giant to Vedanta in August 2024 after a years-long dispute and the company’s renewed promise to boost...
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