The “Gold Mine” in Vidanita may be soon in Wall Street. Here is what is planned for it

Vedanta Resources explores mining blocs in a possible list of Zambian assets, Konkola Copper Mines (KCM), on American stock exchanges as part of a wider capital strategy.

With reserves and resources that are tied to 16 million tons of copper content and 412,000 tons of cobalt, assets are placed as future rooms in the growth of Fidana.

Ajay Goel, Vedanta Financial Director, confirmed in an agency report that KCM’s narration is one of the strategic options under consideration. “We are looking at multiple options for capital raising. In the full time, the menu is definitely one of them,” Joel told PTI.

However, he made it clear that no final decision has been taken yet, and the current focus on increasing operations is still.

KCM currently produces about 200,000 tons of copper annually, with plans to increase capabilities to 300,000 tons annually. Cobalt output, a decisive element in the manufacture of batteries, is scheduled to rise from 1000 tons to 6000 tons annually, which puts KCM among the five best producers of international cobalt.

Joel said: “These are some of the world-class copper deposits-more than 2.4 %. With current copper prices, this mine is a literal gold mine,” Joel said.

Copper is a major empowerment factor in the transformation of green energy – necessary for electric cars, renewable energy and digital infrastructure. With the rise in global demand, KCM appears in Vidanita as a rare, high -quality and high -quality origin that corresponds to both geopolitical necessities and sustainability.

Vedanta Resources Limited is the Holding Company for Vedanta Limited and Konkola Copper Mines, with a varied wallet that stretches on oil, gas, zinc, silver, silver, iron ore, aluminum, nickel, energy and glass. The potential menu of KCM in the United States is part of Vedanta’s efforts to cancel value insurance and attract long -term capital for growth through its critical metal processes.