Vedanta to up iron ore capacity, eyes mining buys

Tag : lead,copper

MUMBAI, Sept 9 (Reuters) - India-focused mining firm VedantaResources Plc, aims to increase iron ore capacity at its Sesa Goaunit to 100 million tonnes in five years, Chairman Anil Agarwalsaid on Tuesday.
Sesa Goa, in which Vedanta owns more than half, will reach acapacity 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 formthree commodity-focused groups: copper and zinc-lead; aluminium andenergy and iron ore.
For more details of the restructuring, see
(Reporting by Narayanan Somasundaram; Editing by John Mair)Keywords: VEDANTA/ASSETS
tf.TFN-Europe_newsdesk@thomson.com
ak

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson FinancialNews Content, including by framing or similar means, is expresslyprohibited without the prior written consent of Thomson FinancialNews.






Neither the Subscriber nor Thomson Financial News warrants thecompleteness or accuracy of the Service or the suitability of theService as a trading aid and neither accepts any liability forlosses howsoever incurred. The content on this site, includingnews, quotes, data and other information, is provided by ThomsonFinancial News and its third party content providers for yourpersonal information only, and neither Thomson Financial News norits third party content providers shall be liable for any errors,inaccuracies or delays in content, or for any actions taken inreliance thereon.