Anglo American

A 1,098-carat diamond believed to be the third-largest gem-quality stone ever to be mined has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government.

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

Billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.

The billionaire plans to purchase up to 1.5 billion pounds worth of additional stake in British miner Anglo American Plc.

Mr Agarwal has majority control of Hindustan Zinc Ltd through the Vedanta group that he founded and still controls.

"I got the opportunity to take 13 percent share of that company because I also believe that India and Africa go hand in hand," Mr Agarwal told a business summit.

Agarwal also said he did not favour any move to try to break Anglo American into South African and international arms as he believed the group's strength lay in both businesses.

Anil Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings, Volcan said in a statement.

Shares in mining and commodity trading giant Glencore are up 200 per cent this year and shares in Anglo American are up nearly 300 per cent, both recovering from the beating in 2015 that raised doubts about their very existence.

Anglo American said rough diamond sales for De Beers' final sale of the year amounted to $418 million, compared with the $476 million value of the previous sales cycle this year.

Anglo American Plc has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.

Government is seeking the participation of Rio Tinto and Anglo American's De Beers to explore for diamonds and gold, part of Prime Minister Narendra Modi's ambition to make the country a major mineral producer, the mines secretary said.

India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.

South African coal mineworkers today ended a 10-day strike after reaching a pay agreement with employers, their union said, relieving pressure on the country's strained power supply.

Vedanta, controlled by former scrap metal dealer Anil Agarwal, has long harboured ambitions to move beyond India and become a diversified global resources group. It roped in former Rio Tinto boss Tom Albanese in September 2013.

A 1,098-carat diamond believed to be the third-largest gem-quality stone ever to be mined has been discovered in Botswana, according to a joint venture between Anglo American's De Beers and the government.

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

Billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.

The billionaire plans to purchase up to 1.5 billion pounds worth of additional stake in British miner Anglo American Plc.

Mr Agarwal has majority control of Hindustan Zinc Ltd through the Vedanta group that he founded and still controls.

"I got the opportunity to take 13 percent share of that company because I also believe that India and Africa go hand in hand," Mr Agarwal told a business summit.

Agarwal also said he did not favour any move to try to break Anglo American into South African and international arms as he believed the group's strength lay in both businesses.

Anil Agarwal, who has majority control of Hindustan Zinc Ltd through Vedanta Ltd, will make the investment via his family trust Volcan Holdings, Volcan said in a statement.

Shares in mining and commodity trading giant Glencore are up 200 per cent this year and shares in Anglo American are up nearly 300 per cent, both recovering from the beating in 2015 that raised doubts about their very existence.

Anglo American said rough diamond sales for De Beers' final sale of the year amounted to $418 million, compared with the $476 million value of the previous sales cycle this year.

Anglo American Plc has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.

Government is seeking the participation of Rio Tinto and Anglo American's De Beers to explore for diamonds and gold, part of Prime Minister Narendra Modi's ambition to make the country a major mineral producer, the mines secretary said.

India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.

South African coal mineworkers today ended a 10-day strike after reaching a pay agreement with employers, their union said, relieving pressure on the country's strained power supply.

Vedanta, controlled by former scrap metal dealer Anil Agarwal, has long harboured ambitions to move beyond India and become a diversified global resources group. It roped in former Rio Tinto boss Tom Albanese in September 2013.