The South Gauteng High Court on Tuesday July 23 granted Vedanta an urgent interim interdict to stop the Zambian government from forcing through a liquidation of KCM, which
could involve a plan to sell the disputed assets which have received $3 billion of investment from Vedanta and is 79.4%-owned by the Indian company.
Vedanta welcomed the ruling from the South African court, saying on the same date in a media statement that the implication is that the KCM provisional liquidator could be discharged from the office.
The Nchanga...
