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Indian billionaire Anil Agarwal’s Vedanta seeks $500 million for Zambia copper...
22 Dec, 2025 08:34 145 min read
Vedanta Resources is negotiating a new $500 million loan from a consortium of major international banks to refinance debt and fund its crucial Konkola copper mine in Zambia. The deal, expected to close early next year, would be secured against the predictable cash flow from brand fees paid by Vedanta's profitable Indian subsidiaries. This financing effort is part of a broader debt-reduction strategy that has already cut the company's gross debt by over $4 billion since 2022. The move supports Vedanta's strategic focus on expanding copper production in Zambia, where it plans a $1.5 billion investment to boost output by 2031.... More