Vedanta says will invest $700-$800m in SA smelter

Diversified miner Vedanta is investing up to R11.7 billion ($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 R71.5 billion rand ($4.88 billion) in South Africa over the next five years.