Diversified mining company Vedanta, which is being associated with the acquisition of 13% of the equity of Anglo American by Volcan Investments because of the link both these entities have with Indian billionaire Anil Agarwal, has done well with the South African assets it acquired from Anglo seven years ago. On the $1 338-million Vedanta paid for Anglo’s zinc assets in 2010, the London-listed, India-rooted company achieved full payback two years later through decisive underground and near-pit mining.
Source: www.engineeringnews.co.za
Vedanta already turning Anglo’s discarded zinc assets to account
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