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Vedanta to tie up with South African companies for gold mining

Anil Agarwal says group will invest $1 billion in Africa

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Vedanta

Jyoti Mukul  |  New Delhi 

The Anil Agarwal-promoted Vedanta group was at the forefront of striking business deals during Prime Minister Narendra Modi’s visit to South Africa. It plans to tie up with a host of companies in South Africa, known for its natural resource sector.

In a telephonic interview from South Africa, Agarwal told Business Standard that the group would invest another $1 billion in Africa. Besides, group company Hindustan Zinc Ltd (HZL) was also exploring a tie-up with Shaft Sinker for a recently bagged gold mine in India. “We are in discussion with the company for development of ...

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First Published: Sun, July 10 2016. 20:30 IST
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