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Vedanta says will invest $700-$800m in South Africa smelter

Reuters | October 26, 2018 | 12:09 pm Base Metals Africa Zinc 

Diversified miner Vedanta is investing up to $800 million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday.

Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would invest 71.5 billion rand ($4.88 billion) in South Africa over the next five years.

($1 = 14.6400 rand)

(By Ed Stoddard and Alexander Winning; Editing by James Macharia)

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