Vedanta’s Copper Operation In Zambia Taps RMB To Help Raise Debt
Vedanta Resources Ltd.’s Zambian copper mining unit has hired Rand Merchant Bank to help raise as much as $1 billion in debt financing for the expansion of its operations in the country. The unit of Vedanta — owned by Indian billionaire Anil Agarwal — has tasked RMB with tapping lenders to fund investment at Konkola…