Tuesday, 8 February 2011

KONKOLA COPPER MINES , THE ZAMBIAN UNIT OF LONDON-LISTED MINER VEDANTA, IS LIKELY TO LIST IN LONDON THIS YEAR

KONKOLA COPPER MINES , THE ZAMBIAN UNIT OF LONDON-LISTED MINER VEDANTA, IS LIKELY TO LIST IN LONDON THIS YEAR AFTER DELAYING ITS FLOAT FROM 2010, A BANKING SOURCE HAS SAID
THE LONDON-BASED BANKER TOLD REUTERS AT A MINING CONFERENCE IN CAPE TOWN THAT THE COMPANY EXPECTS  KONKOLA'S INITIAL PUBLIC OFFERING TO BE LISTED THIS YEAR, AND GIVEN WHERE MARKETS ARE, IT IS  EXPECT A GOOD DEAL FOR INVESTORS IN THE COMPANY,"
THE BANKER WHO IS NOT AUTHORIZED TO SPEAK TO THE MEDIA STATED THAT, THIS IS THE ONLY MAJOR COPPER ASSET IN AFRICA NOT YET LISTED
IN NOVEMBER, INDIA-FOCUSED VEDANTA POSTPONED THE LISTING, WHICH WAS MEANT TO RAISE ABOUT $1.1 BILLION TO BE USED BY KONKOLA TO EXPAND ITS OPERATIONS IN AFRICA'S BIGGEST COPPER PRODUCER

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