Indian billionaire Anil Agarwal wins Ramaphosa's backing for South African zinc smelter
President Cyril Ramaphosa pledged government support for a zinc smelter that Anil Agarwal's Vedanta plans to build in South Africa's Northern Cape.
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President Cyril Ramaphosa pledged government support for a zinc smelter that Anil Agarwal's Vedanta plans to build in South Africa's Northern Cape.
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.
Agarwal’s Vedanta Resources owns the Konkola Copper mine in Zambia which was seized by former President Edgar Lungu.