Vedanta Plans $782-million Investment in Zinc Project

Mining Weekly reported that Vedanta Resources plc (LSE:VED) plans to invest $782 million in the development of the Gamsberg-Skorpion integrated zinc project over the next three years.

As quoted in the market news:

About $630-million would be spent on developing a 250 000 t/y openpit zinc mine, concentrator plant and associated infrastructureat Gamsberg, near Aggeneys, in the Northern Cape.

The balance would be used on the development of an integrated 150 000 t/y roaster at the Skorpion Zinc refinery, in Namibia, to enable it to treat zinc sulphide deposits from the Gamsberg mine to produce high-grade zinc. This would also extend the life of the Skorpion Zinc operation, which had previously been expected to close down in 2015.

Click here to read the full Mining Weekly report.