[miningmx.com] – ONE of the biggest challenges facing Vedanta Resources in Zambia was the high cost of electricity, said Reuters which cited the Indian firm’s Steven Dinn who is CEO of Konkola Copper Mines (KCM), a Vedanta-owned business.
“One of the big challenges that we have for the future, for us to be able to stabilize our operations, is to have affordable power,” said Din. “The other challenge that we have going into the future is just stable policies, whether its fiscal or regulations.”
The cost of electricity had trebled over the last 10 years from what was envisaged when Vedanta invested in the country, said Din. Zambia in April 2014 increased electricity prices by almost 29% for mining companies, said Reuters.
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