Vedanta seeks urgent meeting over its besieged Zambian unit

Vedanta Resources is seeking an urgent meeting with Zambian President Edgar Lungu over the threat to its local assets after a state-owned investment company asked the Lusaka High Court to liquidate them. Lungu at the weekend accused Konkola Copper Mines of lying and cheating and said Africa’s second-biggest copper producer would find other investors to take over the assets. On Tuesday, Zambia’s ZCCM Investments Holdings applied for the liquidation of KCM, in which it holds a 20.6% stake.