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Vedanta aims to complete $1bn investment in South Africa soon

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Globally diversified Indian-headquartered mining company Vedanta Resources chairperson Anil Agarwal has told Mining Weekly that the company aims to complete its commitment to invest $1-billion in South Africa in the near future, although its plans are being held up by a lack of reliable infrastructure and energy security. Vedanta has already invested significantly in zinc mining in South Africa.

has toldthat the company aims to complete its commitment to invest $1-billion in South Africa in the near future, although its plans are being held up by a lack of reliable infrastructure and energy security.

"We are going to invest another $500-million for a smelter and making the final product. The government has been working with us, creating an industrial hub in that area because they have human resources and natural resources," Agarwal said. The company's commitment to social responsibility is showcased through its employment of 3 000 individuals, with plans to add another 2 000 jobs upon the completion of a smelter, bringing its total investment to $1-billion.

 

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