Vedanta plans $15b mining play in India

LONDON-based Vedanta Resources is planning to invest $15 billion in the mining sector in India and Africa by 2010. Vedanta Resources executive chairman Anil Agrawal told ET that the company is planning to become the largest producer of metals in the world. "We are targeting at achieving the 1 million tonnes per annum production capacity in copper and zinc while in Aluminium, where we have already touched the magical 1 million figure, we are trying to scale it up to 3 million tonnes per annum,' he said.