October 26, 2018 / 9:02 AM / 22 days ago

Vedanta says will invest $700-$800 million in South Africa smelter

JOHANNESBURG (Reuters) - Diversified miner Vedanta VED.L is investing up to $800 million (624.2 million pounds)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 71.5 billion rand (3.8 billion pounds) in South Africa over the next five years.

Reporting by Ed Stoddard and Alexander Winning; Editing by James Macharia

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