Zambia Copper Investments considered winding itself up
Created: May 16, 2008 11:00 AM
JOHANNESBURG (Bloomberg) — Bermuda-based Zambia Copper Investments Ltd., which last month sold its main asset, a 28.4-percent stake in Konkola Copper Mines, to Vedanta Resources Plc for $213 million, will ask shareholders if the company should close at its September annual general meeting.
Shareholders will be requested to vote on whether the company should continue in business or assets distributed to shareholders, the company said in a statement to the Stock Exchange News Service in Johannesburg yesterday.
The AGM will be held in Luxembourg.