Vendanta Mineral Resources of India, the major shareholder of Konkola Copper Mine (KCM), will in the next three to four years invest 1 billion US dollars to enhance operations of the biggest copper mine in the copper- producing Zambia, according to Zambia Daily Mail on Tuesday.

Indian High Commissioner to Zambia River O'nil Walang was quoted as saying in Lusaka that the two countries will continue to strengthen economic relations through investments by major investor including Vedanta among others.

He said Vedanta is enthusiastic to invest further in Zambia because of prevailing suitable economic environment.

In 2004, the Indian firm purchased 51 percent of KCM share and the mining company produced 200,000 tons of copper in that year.

KCM mine bordering the Democratic Republic of the Congo has an ore reserve of 215 million tons with a grade of about 4.15 percent.

Source: Xinhua