Vedanta bets ₹5,700 crore on Africa's zinc riches
Vedanta Ltd has significantly increased its zinc production capacity in South Africa with a $600 million investment in the second phase of the Gamsberg project, doubling the output to 500,000 tonnes annually. This expansion was inaugurated by South African President Cyril Ramaphosa and Vedanta Ltd Director Priya Agarwal-Hebbar in the Northern Cape province.
The company aims for a total annual zinc production of 3 million tonnes across India and South Africa, with 2 million tonnes through Hindustan Zinc Ltd and 1 million tonnes by Vedanta Zinc International. The Gamsberg expansion is seen as one of the largest mining investments in South Africa this decade, totaling 21 billion South African rand ($1.5 billion) in commitments since 2018.
President Ramaphosa welcomed the investment, emphasizing the need for collaboration to meet the company's requirements. Vedanta sees this as a commitment to South Africa's future, aiming to build a globally significant zinc and industrial hub that will create lasting value for the country and its people. The company has also invested nearly $20 million in community initiatives benefiting over 32,000 people annually.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
