Vedanta Resources Plc is leading the race to acquire Zambia’s Luanshya copper mine, the Economic Times reported, without saying where it got the information.
Vedanta, which is competing with China’s Non-Ferrous Copper Mine, U.K.’s Lion Finance and South Africa’s Shanduka Group, submitted its bid on April 15, the report said. The Zambian government, which is selling the mine, expects an enterprise value of $230 million, the report said, citing a person familiar with the development.
Telephone calls to Vedanta spokesman Sumanth Cidambi went unanswered.
Source: Bloomberg
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