COPPER
The UAE's International Resources Holding (IRH) has withdrawn a bid to buy a stake in Vedanta Resources' Zambian copper mines, it said on Wednesday, after talks collapsed because of a failure to agree on the assets' value. IRH, an arm of United Arab Emirate (UAE)'s International Holding Company, the emirate's richest company, had offered to buy a 51% stake in Vedanta's Konkola Copper Mines (KCM) for more than $1-billion, Reuters reported in April.
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