PROJECT FINANCE

Vedanta pledges US$1.2B spend in SA

Next two phases of Gamsberg due after feasibility study completed

Staff reporter

This article is 7 years old. Images might not display.

The company has already invested about US$400 million in the country through the first phase of the Gamsberg project and nearly $4 billion in Africa overall.

Vedanta has been involved in South African mining since 2011 when it acquired the Gamsberg project from Anglo American. The mine started producing finished zinc concentrate late last year, with the second and third phases still to come.

The company is currently undertaking feasibility study to build a greenfield smelter and refinery at Gamsberg, with construction expected to cost $800 million, if found to be feasible.

Vedanta Resources executive chairman Anil Agarwal and CEO Srinivasan Venkatakrishnan along and Vedanta Zinc International CEO Deshnee Naidoo were part of the high-level business delegation accompanying South African president Cyril Ramaphosa to India.

Speaking at the India-South Africa Business Forum in New Delhi, Agarwal said he wished to replicate South Africa's mining culture in India.

"South Africa has global mining experts and India needs their knowledge. India has a technology culture, which I want to inculcate in South Africa, where we are developing one the most digitally advanced mines in the world," he said.

"Looking forward, we must accelerate South Africa as a mining investment destination," Agarwal added.

Vedanta said it was confident that Ramaphosa's visit would result in "mutually beneficial investment - financial, human, technological and industrial - and a deepening of the existing ties between South Africa and India".

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.