Base Metals

Bloomberg reported that in a move to cut costs, Vedanta Resources’ Zambian unit will transport copper from its Chingola mines by rail instead of via road for the first time in five years.

Bloomberg reported that in a move to cut costs, Vedanta Resources’ Zambian unit will transport copper from its Chingola mines by rail instead of via road for the first time in five years.

As quoted in the market report:

Railway operators in Zambia, Africa’s biggest copper producer, plan to invest over $1.5 billion over the next five years to upgrade the system that President Michael Sata on Nov. 15 said had “deteriorated beyond description.” The government plans to move freight back onto the railways to ease traffic congestion and reduce maintenance costs of the road network.

To view the whole Bloomberg report, click here.

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