Ramaphosa backs Vedanta zinc smelter project
By the AFREEQUE newsroom, based on Businessday
South African President Cyril Ramaphosa has backed Vedanta’s plan to build a zinc smelter in the Northern Cape after the completion of the second phase of the Gamsberg mine. The announced 21 billion rand investment is intended to strengthen local zinc processing but will require affordable electricity and reliable infrastructure, according to Businessday.
South African President Cyril Ramaphosa pledged on Friday that his administration would support Vedanta’s zinc smelter project, the mining group controlled by Indian businessman Anil Agarwal. The company plans to build the plant in the Northern Cape province after the second phase of its Gamsberg open-pit zinc mine, Businessday reports.
The project is part of Vedanta’s 21 billion rand investment commitment in the province, whose gross domestic product stands at 166 billion rand. Building a smelter should support local zinc processing, as high energy costs weigh on South African smelters.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
