Vedanta Resources Chairman Anil Agarwal on Monday said that the mining major will be looking at making investment worth over USD 2 billion in buying copper and iron ore assets.
"We are looking at copper assets and iron ore assets... we are looking at the regions of Africa and Central America.
"... we are thinking at upper side of USD 2 billion to invest to buy these assets," Agarwal told private news channel CNBC TV18 in an interview.
The NRI billionaire pointed out that mining assets and natural resources are scarce and not easy to come by.
About the global commodities market, Agarwal said that prices have come down mainly due to a fall in demand.
"Market looks flat to me. Going forward, I feel that another year and an year and half, this will be the situation. And then, the market will definitely recover," he noted.
Source: Economic Times
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