MINING INDABA 2018: Volcan Investments to stay investor in Anglo, likes Africa focus, says Agarwal

By Andrea Hotter / February 05, 2018 / www.metalbulletin.com / Article Link

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...

Recent News

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com

Gold stocks nearly regain highs on rising metal price

May 12, 2025 / www.canadianminingreport.com

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok