Vedanta Resources has launched CopperTech Metals, a US-domiciled company that will own and operate Zambia’s Konkola Copper Mines (KCM), connecting America’s critical mineral needs with Zambia’s historic copper legacy.
The company also announced that CopperTech would invest $1.5-billion to expand and modernise Konkola’s operations, which already benefited from about $3-billion in historic investment.
CopperTech would use artificial intelligence- (AI-) driven resource identification and extraction technology to lift integrated copper production from 140 000 t in the 2026 financial year to 300 000 t by 2031, with long-term plans to reach 500 000 t/y, positioning Konkola among the world’s biggest copper producers.
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