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Vol 3 (AAC) No 4

Published 1st February 2010

Anil Agarwal

Chairman, Vedanta Resources, India

Chinese investment may attract the ire of the Zambian opposition (see Briefing), but it is an Indian company that operates Zambia’s largest copper mine. Anil Agarwal’s Vedanta Resources is hiding, as it were, in plain sight. Not that everything goes smoothly for the company: as owner of 79.4% of Konkola Copper Mines, Vedanta has ploughed US$1.5 billion into the enterprise since 2004. Fluctuating prices caused the closure of Vedanta’s Nkana copper smelter in 2008 along with the lay-off of workers in 2009, and its tenure as KCM owner has been marred by disputes with unions.

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