Via Cecilia Jamasmie in mining.com: Vedanta Copper, a subsidiary of India’s Vedanta Limited (NSE: VEDL), has announced plans to invest $2 billion in copper-processing facilities in Saudi Arabia, a fresh boost to the kingdom’s aspirations to establish itself as a global hub for metals and mining. The investment will fund the construction of a state-of-the-art smelter and refinery with an annual capacity of 400,000 tonnes, the company said. Vedanta also plans to develop a facility capable of producing up to 300,000 tonnes per year of copper rods —an essential component in electric cable manufacturing.
