The proposed listing comes as CopperTech embarks on an ambitious growth strategy aimed at significantly expanding copper production at its flagship Konkola Copper Mines in Zambia
| Photo Credit:
jxfzsy
CopperTech Metals, a US-domiciled integrated copper and cobalt producer established by Vedanta Resources, has launched the roadshow for its proposed Initial Public Offering (IPO) in the United States.The company plans to raise about $423.5 million ( ₹3,980 crore) through the offering of 23.5 million shares priced between $16 and $18 per share. CopperTech is set to get listed on the New York Stock Exchange, with targeted valuation of about $3.6 billion.The proposed listing comes as CopperTech embarks on an ambitious growth strategy aimed at significantly expanding copper production at its flagship Konkola Copper Mines in Zambia. The company plans to invest approximately $2.7 billion over the next five years to increase copper production to an average of about 270 kilotonnes per annum from fiscal 2030.Central to CopperTech’s growth strategy is Konkola Copper Mines, a world-class copper asset in Zambia’s Copperbelt Province, known for its high-grade ore body. Vedanta has invested over $3 billion in Konkola and has held majority ownership of the asset since 2004.Published on June 25, 2026
