May 21, 2019 / 3:21 PM / 8 months ago

Vedanta wins bids to explore and mine 2 Indian copper blocks

NEW DELHI, May 21 (Reuters) -

* Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India’s western state of Maharashtra

* The blocks require extensive exploration, Vedanta said, adding that this would start in due course

* The copper blocks have total area of 1584.9 hectares, and are located in Maharashtra’s Chandrapur district, the company said

* The news comes a day after Zambia said it planned to strip Vedanta-controlled Konkola Copper Mines of its mining licence for breaching deal terms

* Vedanta, which operates India’s second largest copper smelter, is in the middle of a lengthy legal battle to reopen its south Indian refinery which was shut following deadly protests last year (Reporting by Sudarshan Varadhan. Editing by Jane Merriman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below