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

Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining empire.

Market Impact

The deals spree is part of a push by oil-rich United Arab Emirates (UAE) and Saudi Arabia to secure critical metal supplies from Africa, a move that could also help them participate in the transition to green energy.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Africa

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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