The majority shareholder of Vedanta Resources intends to remain an investor in Anglo American and backs the mining company's continued presence in Africa, according to Vedanta chairman Anil Agarwal.
The Agarwal family trust, Volcan Investments Ltd, acquired a 21% stake in Anglo in two stages last year, but Agarwal has always been quick to stress the investment was made in a personal capacity and is not related to Vedanta. "We took a decision to buy a 21% stake in a personal capacity. We have no other plan except to remain as an investor. I'm always very supportive of Anglo; we've not activists, we support them and like them, have proper relationships [with its management]," he said. "I always liked Anglo. I thought, 'this is a company that...