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Vedanta Zinc International plan growth on SA projects

Metal News - Published on Wed, 12 Dec 2018

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Business Live reported that Gamsberg, part of Vedanta’s Zinc International SA operations, started first-phase production in 2018 and the project is expected to act as an anchor for the company’s ambitious growth plans, adding as much as 600,000 tonnes of zinc to the company’s annual production in its final phase. Vedanta Zinc International is a subsidiary of Vedanta, a diversified resources company in India. It is one of the largest foreign direct investors in India and aims to become one of the largest in SA too.

Vedanta bought Anglo American’s zinc assets in 2011, which included Black Mountain Mine, the developer of Gamsberg, Skorpion zinc operation in Namibia, and the Lisheen zinc mine in Ireland that is being closed.

Exploration drilling by Vedanta allowed it to extend the life of the zinc assets and has led to the development of Gamsberg, SA’s largest recent mining project with an investment of $400m.

In 2017 Vedanta Zinc International produced 160,000 tonnes but as phase one kicks off at Gamsberg, it is expected to add 250,000 tonnes to the company’s annual production from its open-pit operations. Phase two will bring production at Gamsberg up to 450,000 tonnes and phase three, which requires more exploration but would involve underground mining, could bring it up to 600,000 tonnes per annum.

Vedanta Zinc International CEO Deshnee Naidoo said that “If we get this to work in SA, it will become one of the largest zinc complexes in the world.”

Vedanta Zinc International also aims to become the world’s most sustainable, integrated mining company, capable of producing 1-million tonnes of zinc.

A key part of the company’s ambitious plans for Gamsberg and Vedanta Zinc International is to build a smelter. The company pledged to spend USD 800 million on the project as part of President Cyril Ramaphosa’s drive to attract USD 100 billion in investment to SA over the next five years.

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Posted By : Nanda Koijam on Wed, 12 Dec 2018
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