Indian billionaire Anil Agarwal plans $25 billion Vedanta expansion over three years
Indian mining billionaire Anil Agarwal says his Vedanta group will spend $25 billion over three years to expand aluminium, copper, zinc, oil and gas.
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Indian mining billionaire Anil Agarwal says his Vedanta group will spend $25 billion over three years to expand aluminium, copper, zinc, oil and gas.
Billionaire Anil Agarwal’s Vedanta linked Hindustan Zinc reported a 142% increase in quarterly net profit to 64.12 billion rupees as higher metal prices, increased output and lower production costs boosted earnings.
President Cyril Ramaphosa pledged government support for a zinc smelter that Anil Agarwal's Vedanta plans to build in South Africa's Northern Cape.
President Cyril Ramaphosa opened the expansion of Anil Agarwal's Gamsberg zinc mine and pressed Vedanta to process more of the metal in South Africa.
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
Konkola Copper Mines, 79.4% owned by Anil Agarwal's Vedanta, says a new smelter will add 70,000 tonnes a year and be the largest in Africa.
Zambia's president has urged Anil Agarwal's Vedanta to accelerate power investment to support its copper expansion at Konkola Copper Mines.
Vedanta is seeking a $500 million loan to refinance debt and expand copper operations at its Konkola mine in Zambia.
Vedanta, led by billionaire Anil Agarwal, plans $1.5B investment to boost Konkola copper mine output in Zambia by 2031.
Agarwal’s Vedanta Resources owns the Konkola Copper mine in Zambia which was seized by former President Edgar Lungu.