11 Aug 2020
DiamondWorld Directory
Home |
Anil Agarwal keen to bring company that owns De Beers to India
Anil Agarwal, is keen to bring South Africa-based Anglo American to India for prospecting of coal, iron ore, copper and other minerals.
By: Diamond World News Service
Jan 25 2019 11:46AM
Reference: 16956  


After stunning the world by becoming the single largest shareholder in one of the world's best-known mining groups, mining mogul Anil Agarwal, is keen to bring South Africa-based Anglo American to India for prospecting of coal, iron ore, copper and other minerals. 

Agarwal recently spent USD 2.4 billion to buy close to 22 per cent in Anglo, which owns 85 per cent of De Beers, the world's leading diamond company. 

"We would be talking to them how we can involve them more (in India). They have huge branding and technology, be it diamonds, platinum, copper, iron ore and manganese, and coal," he said. "I have no doubt that they will come at some point of time to make an investment in India." 

He, however, hastened to add that there was no concrete investment proposal at this point of time. 

Agarwal, whose Vedanta Group produces oil, gas, zinc, aluminum and copper within India, wants Anglo to prospect for coal in the country."Anglo is already in India mostly because of the De Beers diamonds they sell. But I want to involve them more," said Agarwal, who is part of a business delegation accompanying South African President Cyril Ramaphosa to India. 
Anglo is the world's third largest exporter of metallurgical coal, operating in Australia, Colombia, and South Africa. 

"If Anglo comes (in India) and coal mining is opened up (to foreign companies), it will be great," he said. 

India, he said, has tremendous potential to prospect diamond, gold, platinum, copper and iron ore and is a big market no one can ignore. 

"This is the market nobody can ignore. They will be successful here," he said. 

Agarwal, 63, made it made it clear that was "very comfortable" with the current management of Anglo and is not seeking a say in the board. "They are doing extremely good. I support them fully," he said. "We have a good consultancy with them. We are happy for now." 


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
HouseAd_Trade Fair
Search News by City
Kosher 23460
HouseAd_Trade Fair
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 26913
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 1110
GJEPC Chairman Interview
Views: 24035
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 31201
Promo for IJ Awards 2012 at NDTV Profit
Views: 45453
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 57734
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 18410
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 44144
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 42310
Kosher 250300
Member of:
Supporter of: