Vedanta is ready to invest $2 billion to construct copper-processing services in Saudi Arabia, a major enhance for the dominion’s ambitions to turn out to be a worldwide metals and mining hub.
The agency, managed by billionaire Anil Agarwal, will construct a brand new smelter and refinery with a capability of 400,000 metric tons per 12 months, in accordance to a press release on Tuesday. Vedanta additionally plans to arrange a facility to produce as a lot as 300,000 tons per 12 months of copper rods, a key uncooked materials for electrical cables.
