(Adds details, quotes from company spokesman)
LUSAKA, Dec 20 (Reuters) - Konkola Copper Mines (KCM), ownedby Vedanta Resources < VED.L>, has been ordered by a Londoncourt to pay the Zambian government more than $100 million for aclaim related to the copper price, a state-owned companyinvolved in the dispute said.
The claim relates to outstanding payments under a 2013copper price participation settlement agreement between KCM andZambia Consolidated Copper Mines Investments Holdings (ZCCM-IH),the latter said late on Monday.
In June this year, ZCCM-IH filed the claim with the EnglishHigh Court to recover over $100 million it said was owed to itfrom KCM in terms of the 2013 agreement.
"We now advise that ZCCM-IH has been successful in itsapplication for default judgment. KCM has been ordered (on 16December 2016) to pay all sums owed to ZCCM-IH," the statecompany said.
"The total amount to be paid by KCM amounts to approximately$103 million. KCM has also been ordered to reimburse ZCCM-IH 80percent of the costs it has incurred in pursuing its claim."
A ZCCM-IH spokeswoman said the company and KCM planned toissue a joint press statement on Tuesday to give further detailsof the ruling. (Reporting by Chris Mfula; Editing by Ed Cropley)