US listing, among options as Vedanta Resources eye $1-b fundraise for Zambian mine development 

Discussions are in early phases, and no timeline has been finalised
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DANISH SIDDIQUI

Mining mogul Anil Agarwal’s Vedanta Assets might have a look at a doable US public itemizing for its Zambian unit, Konkola Copper Mines (KCM), amongst “different financing choices”, because it seems to be to boost roughly $1 billion for mine growth. 

Talks are on with a few funding bankers, sources stated, including that New York is amongst the possible itemizing choices. 

Discussions are in early phases, and no timeline has been finalised. The truth is, “all financing choices are on the desk”, the supply stated .

“We proceed to guage a variety of financing choices, together with inside accruals, debt devices, and fairness choices, as we make investments and develop our operations the world over. That is a part of our routine working process,” a Vedanta Useful resource spokesperson advised businessline. 

Vedanta Assets, the supply stated,  can also be evaluating different financing choices, together with debt and fairness, in addition to inside accruals. 

A US-based entity, International Transition Assets Inc has been established. “We will discover one, many or all of the financing choices,” the supply stated. 

The fund-raising plans aligns with Vedanta’s technique to fund the Konkola Deep Mining Venture, leveraging high-grade copper and cobalt reserves amid rising demand for vitality transition minerals. 

Vedanta Assets goals to supply 300,000 tonnes of copper every year from the Konkola Copper Mines (KCM) by 2030 .

In July final 12 months, Vedanta Assets Holdings confirmed that it has paid $245.75 million in step with its dedication beneath the KCM scheme of association. This paved the way in which for the upcoming reinstatement of the Board of Administrators of the KCM and the return of full administration management to Vedanta, which was a needed first step earlier than the miner ramps up manufacturing. 

With high-grade Copper deposits in extra of two.4 per cent, KCM is likely one of the largest deposits of high-grade copper on the earth.

Vedanta Assets Ltd has raised $3.1 billion in US greenback bonds since September 2024.

Revealed on April 23, 2025