Vedanta claims $124 million injected into Konkola Copper mines to support revamp of operations

Vedanta Resources has reportedly injected US$124 million into Konkola Copper Mines (KCM) to support the ongoing revamp of operations, bringing total investments since resuming management in August 2024 to over US$400 million.

KCM Chief Operating Officer, Malcolm Mewett, made the claims in a statement issued by Chief Corporate Affairs Officer, John Kunda, on Wednesday, noting that Vedanta fulfilled its initial investment commitment well ahead of the July 1, 2025 deadline under the shareholders’ agreement with the Government of Zambia.

“This milestone brings total investments in KCM operations to over US$400 million since Vedanta resumed management in August 2024,” Mewett stated.

He explained that the US$124 million forms part of Vedanta’s broader pledge to inject US$1 billion over five years to support the growth and revitalization of KCM.

“We are investing in key growth projects, especially the Konkola Deep Mining Project (KDMP), which is central to the future of KCM,” he said.

Mewett emphasized that the latest investments were focused on strengthening operations at the Konkola and Nchanga sites, aligned with the company’s long-term goal of producing 300,000 tonnes of copper annually by 2030.

He also revealed that a full shutdown and refurbishment of the smelter was planned to restore its structural integrity and improve operational efficiency—measures deemed vital to ramping up production.

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