Vedanta Plans US Listing for Konkola Copper Mines, Seeks $1 Billion

Vedanta Resources is considering a U.S. public listing for its Zambian unit, Konkola Copper Mines (KCM), as one of several options to raise about $1 billion for mine development and expansion. The company, guided by investment banks Barclays and Citigroup, is still in early discussions without a finalized timeline, reflecting its broader strategy of leveraging global capital markets. Alongside a potential IPO, Vedanta is also evaluating other financing avenues, including debt, equity, and internal funding. This move aligns with Vedanta’s plan to ramp up copper production to meet growing demand driven by the global energy transition and underscores a broader industry trend of resource-rich firms seeking international investment. Vedanta recently regained full control of KCM after a lengthy legal battle and has established a U.S.-based entity to support its expansion ambitions. The outcome of these financing efforts could influence cross-border capital-raising strategies among mining companies worldwide.