British court orders Vedanta's Zambia unit to pay government $100m

Konkola Copper Mines (KCM), owned by Vedanta Resources, has been ordered by a London court to pay the Zambian government more than $100-million for a claim related to the copper price, the State-owned company said in a statement. The claim relates to outstanding payments under a 2013 copper price participation settlement agreement entered into between Zambia Consolidated Copper Mines Investments Holdings (ZCCM-IH) and KCM, the company said late on Monday.