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Vedanta’s fund obligations to KCM take toll on ESL: raises $223M via loss-making subsidiary
04 Dec 20253MINS
SupplementAL
Vedanta Limited (VEDL), through its subsidiary, ESL Steel (ESL), is to raise INR 2 billion (USD 223 million) by using 10 to 12 per cent non-convertible debentures. The raise must meet its funding obligations of Vedanta Resources Limited (VRL) of USD 206 million to Konkola Copper Mines (KCM) by the e ...
How far is Europe from securing its rare earth future?
04 Dec 20256MINS
SupplementAL
China, which has been the long-standing dominator of rare earths and its supply chain, imposed strict restrictions on rare earth exports on October 8. Many dependents on China’s rare earth, including the US and the EU, faced impacts, but later on, managed to strike a year-long truce. Beside China, t ...

04 Dec 20252MINS
SupplementAL
As reported to the Parliament on Monday, the Geological Survey of India (GSI) informed that it is pushing its efforts in exploring essential and strategic minerals. This will include the launch of 230 projects in the current fiscal year, up from 195 last year.  As a reply to the question raised i ...
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