Zambian court withdraws order blocking disposal of Vedanta unit assets

A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta’s Konkola Copper Mines (KCM) business from disposing of KCM’s assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between Vedanta and the Zambian government, which says KCM breached its operating licence.