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Vedanta's Zambian arm to set up new processing plants

London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil Agrawal and Zambian President Edgar Lungu.

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