UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive | Reuters News Agency

UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive | Reuters News Agency


Industry & Finance

Reuters exclusively reported that the mining funding arm of Abu Dhabi’s maximum significance corporate has presented to shop for a majority stake in Vedanta Sources’ Zambian copper belongings in its power to form an African copper mining empire.

Marketplace Have an effect on

The do business in spree is a part of a push by means of oil-rich United Arab Emirates (UAE) and Saudi Arabia to hold crucial steel provides from Africa, a journey that might additionally assistance them take part within the transition to inexperienced power.

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