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Zambia Plan to Sell Billionaire’s Mines Stuck in Legal Mire

  • Legal arbitration is deterring KCM’s potential investors
  • Bondholders rejected Zambia’s request for debt relief
Mining For Copper At Konkola Copper Mines Plc's Nchanga Mine
Photographer: Waldo Swiegers/Bloomberg
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Zambia’s plan to sell the copper mines it seized last year from billionaire Anil Agarwal’s Vedanta Resources Ltd. is bogged down in legal challenges that are discouraging buyers.