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Vedanta is seeking to gradually invest in increasing copper output at the Konkola mines over the next five years, Griffith said. The company is close to securing an additional $270 million it needs to pay off outstanding KCM creditors and meet social commitments, the CEO added.

The Sale was created in 2007.

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The Abu Dhabi company wants to build up its copper mining business in Zambia after buying a 51% stake in Mopani Copper Mines in a deal worth $1.1 billion. IRH offered to buy a 51% stake in the KCM assets for more than $1 billion, Reuters reported in April, citing sources.

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LONDON, June 26 (Reuters) - International Resources Holding (IRH), the mining investment arm of United Arab Emirates' richest company, is among investors holding talks on buying into Vedanta Resources' Zambian copper assets, a senior Vedanta executive told Reuters.

IRH, a unit of Abu Dhabi's International Holding Company which holds about $244 billion in assets, is interested in acquiring a stake in Konkola Copper Mines (KCM) and is conducting due diligence on the assets, dmt carts for sale Chris Griffith, Vedanta's chief executive for base metals, said.

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Fortescue on Monday posted steady iron ore shipments in the March quarter, while costs jumped 12%, but retained its full year shipment guidance despite a cyclone this month that disrupted exports from Australia's iron ore hub.

It did not confirm if shipments would go ahead by June. Fortescue said it produced the first wet concentrate from its Iron Bridge Magnetite processing facility in Western Australia on April 22, after several delays and cost blowouts.

Shares in the world's fourth largest iron ore miner fell as much as 5.3%, underperforming a 2.2% drop in the broader mining sector amid a drop in iron ore prices to near four-month lows on demand concerns.

The company's C1 cost, representing the direct production costs of iron ore, rose to $17.73 per wet metric tonne (wmt) from $15.78 in the quarter, while it retained its cost forecast for hematite at $18.00-$18.75 per wmt.

Vedanta waged a five-year battle to recover the copper mines and smelter that were seized by Zambia's previous administration of former president Edgar Lungu after it accused the company of failing to invest in expanding copper production.

MELBOURNE, April 24 (Reuters) - Australia needs to match energy policies being unfurled by other countries to make the most of its green energy advantage, the head of Fortescue Metals Group's energy unit said on Monday, as he gave details on five projects it wants to develop.

Inflation Reduction Act. "What we would love to see is really some incentives being built into a bilateral (deal) with certain countries, for example Germany," Fortescue Future Industries CEO Mark Hutchinson said, adding they should closely match the incentives in the U.S.

In Norway and Kenya, FFI is looking to build 300 megawatt facilities, with hydropower and geothermal energy to power electrolysers to split water and make green hydrogen, which will then be used to make ammonia.

The iron ore major is building a new business as it seeks to become a top tier clean energy producer, aiming to approve five major projects for development by year end in Norway, dmt carts for sale Brazil, Kenya and the United States, in Arizona and Texas, he said.

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