UAE’s $1 Billion Bid for Zambian Copper Mines Falls Apart Over Valuation Dispute
The UAE’s International Resources Holding (IRH) has retracted its proposal to acquire a controlling stake in Vedanta Resources Ltd’s Zambian copper mines. The decision follows a failure to agree on asset valuation, IRH announced on Wednesday July 3, 2024. IRH, a division of the UAE’s International Holding Company (IHC), had initially presented a $1 billion…