Vedanta Zinc International plans to spend $800m to build a zinc refinery in the Northern Cape.
Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked away from eight years ago.
Vedanta Resources chairperson Anil Agarwal on Thursday shared his views on a path to growth for subsidiary Konkola Copper Mines (KCM).
Vedanta chairman, Anil Agarwal, was at his contrarion best today telling an investment forum in Zambia during a two-day visit that the southern African country was a preferred destination for his company which would to pump $700m into new copper production – enough to take the firm’s total investment to $1bn.
The first of three reports undertaken by women in Mining(UK) in conjunction with Anglo American, Rio, Tinto, PwC and Latham & Warkins was centred around the well-discussed debate about the lack of representation of women on boards in the mining industry.
Vedanta subsidiary VZI’s Gamsberg zinc project will start production amidst positive political developments in South Africa. Newly-elected President Cyril Ramaphosa seems willing to attract foreign mining investment, but must also address economic stagnation and corruption, which may slow reform.
Deshnee is a leader I admire, someone I’m privileged to know. Whether she’s articulating a bold strategy to board-level executives, or mingling with the rank and file at her South African company, she comes across as a clear thinker and an empathetic, charismatic leader. She's the CEO of Zinc International which is headquartered in Johannesburg, South Africa, and is a grouping of assets located in South Africa, Namibia and Ireland.
The investing in African Mining Indaba 2018 conference has been hailed a phenomenal success by all those in attendance - as either delegate or exhibitor. This has sett he stage for the event to continue growing and improving in the future years.
The project, which is undertaken in collaboration with GE South Africa, will see the implementation of breakthrough systems in the development phase of the project, as opposed to waiting for Gamsberg to come online and then attempting to retrofit the systems.
The zinc price is at a decade high and the outlook is for it to stay strong for much of 2018, underscoring decisions by miners in SA to step up production and bring fresh metal to the market.