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UAE big eyes majority stake in Vedanta’s Zambian mines in growth drive

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UAE big eyes majority stake in Vedanta’s Zambian mines in growth drive


Enterprise & Finance

22 April 2024, 4:22 am 1 minute

Reuters completely reported that the mining funding arm of Abu Dhabi’s most respected firm has supplied to purchase a majority stake in Vedanta Assets’ Zambian copper property in its drive to construct an African copper mining empire.

Market Affect

The offers spree is a part of a push by oil-rich United Arab Emirates (UAE) and Saudi Arabia to safe vital steel provides from Africa, a transfer that would additionally assist them take part within the transition to inexperienced power.

Article Tags

Matters of Curiosity: Enterprise & Finance

Kind: Reuters Finest

Sectors: Commodities & Vitality

Areas: Africa

Win Sorts: Exclusivity

Story Sorts: Unique / Scoop

Media Sorts: Textual content

Buyer Affect: Important Nationwide Story

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Written by bourbiza mohamed

Bourbiza Mohamed is a freelance journalist and political science analyst holding a Master's degree in Political Science. Armed with a sharp pen and a discerning eye, Bourbiza Mohamed contributes to various renowned sites, delivering incisive insights on current political and social issues. His experience translates into thought-provoking articles that spur dialogue and reflection.

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