Vedanta Resources Breaks Ground at Gamsberg Zinc Project

Vedanta Zinc International, a division of Vedanta Resources plc (LSE:VED), announced that it’s broken ground at Gamsberg, one of the largest undeveloped zinc projects in the world. The company’s goal is to turn Southern Africa into an important zinc supplier while bringing socioeconomic and environmental benefits to the region.
As quoted in the press release:

As part of its vision for an integrated zinc business in Southern Africa, Vedanta previously announced the approval of a US$782 million investment over 3 years to develop an open pit zinc mine in Gamsberg, South Africa and to convert the Skorpion Zinc Refinery in Namibia. The majority of the investment, approximately US$630 million, will go towards developing the open pit zinc mine, concentrator plant and associated infrastructure at Gamsberg. The balance will be used to convert the refinery at Skorpion Zinc in Rosh Pinah, Namibia, enabling it to refine zinc sulphide concentrates from the Gamsberg Mine into special, high grade zinc metal.

Tom Albanese, CEO of Vedanta, commented:

We are very excited to have reached this stage of the project. We believe that this region has the highest concentration of zinc on the African continent and that we can develop an integrated zinc and lead complex here, anchored around Gamsberg and the Skorpion Refinery, which will boost economic growth and create sustainable employment. Vedanta believes strongly in the philosophy of sustainable development and we commit to protecting the unique ecosystem around Gamsberg for future generations.

Click here to read the full Vedanta Resources plc (LSE:VED) press release.