no.318
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17-Jul-2009 11:05 - posted by Guest:
India-focused mining group Vedanta Resources Plc is planning to expand to steel manufacturing with a partner, the Mint newspaper reported on Friday.
17-Jul-2009 11:14 - posted by Guest:
Iron-ore producer Sesa Goa, controlled by Vedanta, has begun talks with Japanese and European steel companies for building a steel plant in India, the paper said, quoting group Chairman Anil Agarwal.
17-Jul-2009 11:14 - posted by Guest:
"We are iron ore producers and not specialists in making steel. We will partner with somebody who can provide us technology and management," Agarwal told the paper.
17-Jul-2009 11:15 - posted by Guest:
The London-listed Vedanta is Agarwal`s holding company and owns controlling stakes in mining firm Sterlite Industries, Sesa Goa, Vedanta Aluminium and Konkona Copper Mines in Zambia, it said.
17-Jul-2009 11:15 - posted by Guest:
On Thursday, Sterlite raised about $1.5 billion through an issue of American Depositary Shares to fund its power projects and other expansion plans.
17-Jul-2009 11:16 - posted by Guest:
Sesa Goa has capacity to produce 50 million tonnes of iron ore annually and could feed a 10 million tonne steel plant, Agarwal told the paper.
