CopperTech Metals Expansion and Technology Upgrade at Konkola Copper Mines

planned

CopperTech Metals Inc., a U.S.-domiciled company launched by Vedanta Resources Limited, plans to invest an additional $1.5 billion in the Konkola Copper Mines in Zambia. The project aims to leverage advanced mining and AI-driven resource identification and extraction technology to expand production capacity from 140,000 tonnes in FY26 to 300,000 tonnes by 2031, with plans to reach 500,000 tonnes per year. The project includes further exploration activities and aligns with the U.S.-backed $10 billion Lobito Corridor infrastructure project to enhance logistics access for U.S. markets.