UK based Vedanta Resources is set to invest $700-$800 million in South African smelter. The information was disclosed by the head of its zinc unit Deshnee Naidoo in an investment summit in Johannesburg, South Africa.
About Vedanta Resources
Founded in 1976, Vedanta Resources plc. operates as a diversified natural resources company in India, Zambia, South Africa, Namibia, the United Arab Emirates, Ireland, Australia, and Liberia producing zinc, lead, silver, copper, iron ore and aluminum deposits. Headquartered in the UK, Vedanta Resources also explores for, extracts, and processes minerals, as well as oil and gas and also operates as a power producer with an installed capacity of 8.4 gigawatts of thermal based power generation and 274 megawatts of wind power generation. Vedanta Resources plc. is a subsidiary of Volcan Investments Limited. Vedanta employs around 25083 employees around the globe.