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Business

South African Prez cites historic ties, seeks stronger India cooperation

Business Standard ·
South African Prez cites historic ties, seeks stronger India cooperation

India and South Africa are 'bound together' by deep historical ties and common democratic values, President Cyril Ramaphosa has said while inaugurating a major expansion of a zinc mine operated by an Indian conglomerate in the Northern Cape province.

Ramaphosa made the remarks on Friday at the inauguration of Vedanta's Gamsberg Phase II concentrator plant in Aggeneys, in the presence of Indian High Commissioner Prabhat Kumar and Consul General Ruby Jaspreet, among other dignitaries.

A concentrator plant separates valuable minerals from mined ore to produce a more concentrated material for further processing.

At the Gamsberg plant, the zinc concentrate can be processed further to produce refined zinc metal.

The Consulate General of India in Cape Town said in a post on X on Saturday that the Phase II expansion involved an investment of approximately ZAR 10 billion (around Rs 5,757 crore), making it one of South Africa's largest mining investments of the past decade.

"This occasion is

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