Vedanta to invest $1 bn in Gamesberg mine project by 2019

Vedanta, India’s leading diversified natural resources company with interests in oil and gas, zinc-lead-silver, copper, iron ore, aluminium and power, is set to expand its footprint in Africa.  Recently, Vedanta kick-started it’s Gamsberg Zinc Project at BMM with a capital investment of US$400 million. Gamsberg, which is in the Northern Cape, holds one of the world’s largest undeveloped zinc sulphide deposits, with approximately 160Mt of defined ore resources.

“The true scale of business opportunities in Africa has not yet been explored, particularly in South Africa’s rich natural resources sector,” Anil Agarwal, Chairman of Vedanta Resources said. “I am certain that this visit with Prime Minister Narendra Modi heralds an even more prosperous future for India and the African continent.”

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