1 / 5

Vedanta ropes in Worley for $1 billion copper-cobalt blitz in Zambia

Mining mogul Anil Agarwalu2019s Vedanta Resources u2013 the UK-based company u2013 has roped in global EPCM major Worley for project management as it eyes expansion of mining and processing operations of critical minerals like copper, cobalt at its Konkola Copper Mines (KCM) in Zambia. bWorley, an Australia-based engineering, procurement and construction management player, will also u201cengage with international expertsu201d for backward integration and identifying partners for critical mineral extraction projects.

vedantaupdate
Télécharger la présentation

Vedanta ropes in Worley for $1 billion copper-cobalt blitz in Zambia

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. VEDANTA ROPES IN WORLEY FOR $1 BILLION COPPER-COBALT BLITZ IN ZAMBIA

  2. INTRODUCTION Mining mogul Anil Agarwal’s VedantaResources – the UK-based company – has roped in global EPCM major Worley for project management as it eyes expansion of mining and processing operations of critical minerals like copper, cobalt at its Konkola Copper Mines (KCM) in Zambia.

  3. Worley, an Australia-based engineering, procurement and construction management player, will also “engage with international experts” for backward integration and identifying partners for critical mineral extraction projects.

  4. Worley – with a near $11,616 million turnover in FY24 - is amongst the major global players and is a publicly traded company (shares are listed on Australia Securities Exchange).

  5. Final Words Nearly a year back, Vedanta Resources Holdings Limited, the diversified global mining, metals, natural resources, energy and technology conglomerate, secured control of KCM. It paid $271 million in line with its commitment under the KCM shareholders agreement which allowed reinstatement of the Board of Directors of the KCM and the return of full management control to Vedanta. READ MORE :-https://www.thehindu.com/news/national/tamil-nadu/expert-panel-engaged-by-vedanta-recommends-green-restart-of-sterlite-copper-plant-in-thoothukudi/article69771735.ece

More Related