Vedanta eyes mining buys

Tue Sep 9, 2008 8:49am BST

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MUMBAI (Reuters) - India-focused mining firm Vedanta Resources (VED.L), aims to increase iron ore capacity at its Sesa Goa (SESA.BO) unit to 100 million tonnes in five years, Chairman Anil Agarwal said on Tuesday.

Sesa Goa, in which Vedanta owns more than half, will reach a capacity of 25 million tonnes "in the short term", he said.

Vedanta Group was also looking to buy mining assets in India, Africa and Brazil, Agarwal said.

Earlier, Vedanta announced a restructuring by which it would form three commodity-focused groups: copper and zinc-lead; aluminium and energy and iron ore.

(Reporting by Narayanan Somasundaram; Editing by John Mair)

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