LAUSANNE, March 29 The chairman of Indian miner
Vedanta Resources has no plans to buy assets in South
Africa from Anglo American, or to push for a board seat
after announcing a plan to acquire a 13 percent stake in the
"I believe in the management, I believe in the company
(Anglo)... and felt that if I have a resource that I should make
an investment in it," Vedanta chairman Anil Agarwal told the FT
Commodities Summit in Switzerland on Wednesday.
He added that he'd be happy to help Anglo American move into
India if they wished "at some point in time to expand their
Earlier this month, Agarwal said he would buy a 2 billion
pound ($2.5 billion) stake in Anglo American.
(Reporting by Julia Payne and Gus Trompiz, editing by Louise