July 23, 2019 / 8:26 AM / a month ago

South African court grants urgent interdict halting disposal of Vedanta unit assets

JOHANNESBURG, July 23 (Reuters) - South Africa’s High Court on Tuesday granted an urgent interdict halting the wind-up proceedings by a provisional liquidator at Vedanta’s Konkola Copper Mines (KCM).

Vedanta has been locked in a dispute with the Zambian government, which accuses KCM, which is around 20% owned by Zambia’s state mining company and majority owned by Vedanta, of breaching the terms of its licence. (Reporting by Tanisha Heiberg and Helen Reid; editing by Jason Neely)

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