Vedanta Resources v Zambian State Mining Company ZCCM-IH: Does Anyone Win?October 2019
With over $3 billion invested by Vedanta Resources in Zambia since it became a shareholder in Konkola Copper Mines (KCM) in 2004, it is a less optimistic turn of events with Vedanta Resources and fellow shareholder, the government-owned Zambian State Mining Company ZCCM-IH (ZCCM), being at loggerheads in arbitration.
In this post, we examine what led to this downward spiral in relations and what this means for investors in the mining industry in Zambia.
Click here to read this article.
This article was first published on the Kluwer Arbitration Blog by Sadaff Habib, Assistant Editor for Africa and Associate at Beale & Co in Dubai, and Abdul Jinadu of Keating Chambers.Download PDF