LUSAKA, March 24 (Reuters) - Indian mining company Vedanta Resources VED.L said on Friday it will invest $1 billion in Zambia's Konkola Copper Mines (KCM), which it sees having the potential to produce the metal for another 50 years.
Vedanta has a majority stake in KCM.
The investment, which is expected to create 7,000 jobs, was announced after a meeting between Zambian President Edgar Lungu and Vedanta's Chairman Anil Agrawal.