A shareholders' agreement is being reworked to make the commitments from both shareholders legally binding, Kabuswe added.
The legal details of the agreement and reinstatement of the KCM board, would be finalised within the next three months, the minister said.
The forced takeover nearly paralysed operations at the KCM and triggered protracted battles, with Vedanta mounting legal battles including approaching an arbitration court in London to recover the copper assets.
The government, which seeks to triple copper output over the decade, is also searching for a new investor for Mopani Copper Mines.
Reporting by Chris Mfula; Writing by Felix Njini; Editing by Olivia Kumwenda-Mtambo, David Evans, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
Persons:
Paul Kabuswe, Kabuswe, Anil Agarwal, Edgar Lungu's, Hakainde Hichilema, Vedanta, KCM, ZCCM, Chris Mfula, Felix Njini, Olivia Kumwenda, David Evans, Alexandra Hudson
Organizations:
Vedanta Resources, IH, Vedanta, Mopani, Mining, Alexandra Hudson Our, Thomson
Locations:
Zambia, LUSAKA, KCM, ZCCM, London, Lusaka