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Vedanta's Zambian arm to set up new processing plants

By: Reuters     7th December 2017 London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a... 

Resources Watch  

     7th December 2017 This week: Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg And, Dassault Systèmes heralding in new autonomous mining era 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg 

By: Mia Breytenbach     27th November 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Inside one billionaire's fight against global iron-ore glut

By: Bloomberg     24th October 2017 The global iron-ore market may be oversupplied for as long as half a decade, keeping prices under pressure, according to billionaire Anil Agarwal’s Vedanta, which plans to fight back by raising the quality of its output amid a global shift toward higher-grade material being driven by China’s... 

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Zinc prices have rallied so much even miners are complaining

By: Bloomberg     6th October 2017 Zinc’s dramatic surge to the highest in a decade might boost profits in the short term but isn’t all good news for producers, according to Vedanta Resources. Buyers are struggling to make money at current levels after prices more than doubled since the start of 2016, Deshnee Naidoo, the CEO of... 

Mining's biggest mystery is what Agarwal plans to do with Anglo

By: Bloomberg     21st September 2017 As Anglo American’s board met at the lavish Vergelegen wine estate in South Africa yesterday evening as part of a 100-year celebration, executives were blindsided by news headlines: Indian mining tycoon Anil Agarwal was becoming the biggest shareholder. After Anglo’s managers partied to honor the... 

Further investment in Anglo by majority shareholder of Vedanta

By: Martin Creamer     21st September 2017 Vedanta head Anil Agarwal has once again hit the headlines by announcing an intended further personal investment in Anglo American through Volcan Investments, which is the majority shareholder of Vedanta Resources. Volcan announced on Wednesday that it intended investing £1.25-billion to... 

Market Report: How carbon is shaping energy for mines

By: Creamer Media Reporter      20th September 2017 By Catherine Skrzypinski, Energy and Mines Alongside power security and cutting energy costs, reducing the emissions intensity of mining operations has been elevated to a top strategic concern for the global mining sector. The combination of carbon pricing in key mining markets and increased... 

Vedanta appoints interim CEO

By: Creamer Media Reporter      30th August 2017 Diversified miner Vedanta Resources has appointed Kuldip Kaura interim CEO, effective September 1. Current CEO Tom Albanese will step down on August 31. 

Gamsberg project to retore Vedanta’s zinc output to 300 000 t/y from mid-2018

By: Mia Breytenbach     25th August 2017 Diversified miner Vedanta Resources subsidiary Zinc International has committed more than 80% of the $400-million capital expenditure (capex) for the first phase of the Gamsberg zinc project, in the Northern Cape. The first phase of the project is expected to have a mine life of 13 years,... 

Higher prices, output lift Vedanta’s Q1 revenue, Ebitda

By: Anine Kilian     23rd August 2017 Higher commodity prices and production volumes contributed to a significant year-on-year increase in diversified miner Vedanta Resources’ revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended June 30. Revenues rose by 32% year-on-year to... 

Local mine to adopt new generation jumbo drill rig

By: Simone Liedtke     18th August 2017 Mining company Vedanta Resources’ Black Mountain base metals mine, in the Northern Cape, will later this year become the first local mine to adopt a new generation jumbo drill rig equipped with an intelligent control system from high-technology engineering group Sandvik. 

Gamsberg zinc project on course for first production in mid-2018

By: Mia Breytenbach     11th August 2017 Diversified miner Vedanta Resources' Gamsberg zinc project, in the Northern Cape, remains on track for first production in mid-2018. Prestart activities and waste stripping at the project have progressed well, with the completion of the north access ramp – a critical milestone and part of the... 

Vedanta’s Zinc International production down y/y in Q1, Zambia copper production improves

By: Mia Breytenbach     26th July 2017 Diversified miner Vedanta Resources' Zinc International business recorded a 25% year-on-year decrease in production to 32 000 t  for the quarter ended June 30 – the first quarter of its 2018 financial year. The decrease was mainly as a result of an planned plant shutdown at the acid plant, as... 

India's Vedanta Q1 consolidated profit doubles

By: Reuters     25th July 2017 Vedanta, the Indian unit of diversified energy group Vedanta Resources, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins. Consolidated profit came in at 15.25-billion rupees in the quarter ended June 30, with... 

Global zinc output will diminish over coming years – BMI

By: Megan van Wyngaardt     4th July 2017 An ore shortage will see the global refined zinc deficit gradually widen over the next few years, with producers to curb output, research firm BMI said on Tuesday. It noted that zinc production and consumption growth are expected to average 1.9% and 1.7% respectively between this year and 2021,... 

Vedanta’s KCM UK Court of Appeal hearing starts next week

By: Natasha Odendaal     29th June 2017 Global mining company Vedanta Resources and its Zambian subsidiary Konkola Copper Mines’ (KCM’s) UK court appeal against a decision in favour of 1 826 Zambian villagers is set to get under way next week. High Court Judge Justice Coulson last year ruled that English courts had jurisdiction to hear... 

Vedanta seeks to quadruple Zambia copper output over three years

By: Bloomberg     26th June 2017 Vedanta Resources plans to quadruple its Zambian copper output over the next three years, the local unit’s chief executive officer said, signaling a more ambitious expansion in Africa’s second-biggest producer of the metal. Most of the increase will come from Konkola Copper Mines’ flagship... 

Zambia copper production to rise 4% to record, lobby group says

By: Bloomberg     6th June 2017 Zambia’s copper output will climb by about 4% to a record this year as operators near a resolution with government over power prices, according to the Chamber of Mines in Africa’s second-biggest producer of the metal. Production will increase to about 800 000 metric t, said Nathan Chishimba,... 

Growth in Zambian Copperbelt to average 5.5%/y to 2021

By: Nica Schreuder     2nd June 2017 Zambia is expected remain an attractive foreign investment, with copper prices recovering in 2017, owing to a reduced global supply. Research firm BMI Research is predicting growth of 5.5% a year in the mining sector, most notably the Copperbelt region, from 2017 and 2021. The report expects... 

Current players on Zambian Copperbelt to draw further investors

By: Nica Schreuder     2nd June 2017 Investments from strong mining companies create the possibility of attracting more foreign investment to the Zambian Copperbelt region, stresses research firm BMI Research, adding that these companies’ investments are paving the way for solidifying Zambian economic stability, subsequently... 

India's Vedanta swings to profit after metal rally, zinc payout

By: Bloomberg     15th May 2017 Vedanta reported a fourth-quarter profit as India’s biggest base metals producer benefited from a rally in prices and a special dividend announced by its zinc arm. Net income attributable to owners was 14.1-billion rupees in the three months through March and revenues were Rs246.1-billion, the... 

Zambia said to near mine company stake sale to Israeli investor

By: Bloomberg     25th April 2017 Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in... 

Zambian mine in first-of-a-kind tailings dump site rehab, hopes to eventually produce biodiesel

By: Mia Breytenbach     21st April 2017 Zambia’s largest integrated copper producer, Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources, has launched the first project of its kind in Zambia to rehabilitate a mining site. The project, launched earlier this month, aims to cultivate elite Pongamia Pinnata trees for... 

Billionaire Agarwal creates BHP-style Indian resources major

By: Bloomberg     12th April 2017 Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the-billionaire’s ambitions stretch. Vedanta combined with unit Cairn India on... 

Vedanta's Skorpion, BMM operations report solid FY17 results, Gamsberg development on track

By: Anine Kilian     11th April 2017 Production at diversified miner Vedanta Resources' Zinc International business fell by 31% year-on-year to 156 000 t for the financial year ended March 31. This was mainly the result of the ramp down of the Ireland-based Lisheen mine, which was closed in November 2015 following 17 years of... 

Anglo's new billionaire backer Agarwal says he's no activist

By: Bloomberg     29th March 2017 Anglo American’s new billionaire shareholder said he has no intention of behaving like an activist investor after surprising the mining industry by paying $2.5-billion for a 13% stake earlier this month. “At the moment, I’ve come in purely as an investor on my personal capacity and that is the... 

Anglo's future thrown in question as billionaire grabs stake

By: Bloomberg     16th March 2017 In its 100-year history, Anglo American Plc has endured commodities booms and busts, South African apartheid and bitter boardroom disputes. Now the British mining giant is threatened by the ambitions of Anil Agarwal, an Indian scrap-metal trader turned billionaire mining tycoon. In a surprise... 

Plant shutdowns impact Vedanta's Q3 output

By: Megan van Wyngaardt     16th January 2017 Despite lower output at its zinc operations in the third quarter of the current financial year, diversified miner Vedanta Resources says it is still on track to achieve its stated guidance of higher mined metal production for the full year. Its total production across operations for the quarter... 

Leigh Day lawyer arrested in Zambia

By: Anine Kilian     12th January 2017 A lawyer at international law firm Leigh Day, Oliver Holland, was arrested in Zambia while meeting communities who are bringing claims against diversified global natural resources group Vedanta Resources and its subsidiary Konkola Copper Mines (KCM). The law firm is representing local communities... 

Vedanta narrows interim losses

By: Megan van Wyngaardt     10th November 2016 Diversified global natural resources group Vedanta Resources has posted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.2-billion, with a margin of 33% for the first six months of the 2017 financial year, ended September 30. While this was a 4% decrease on Ebitda for... 

Deshnee Naidoo

By: Martin Creamer     28th October 2016 This week we feature Deshnee Naidoo, the CEO of Vedanta's Zinc International, which is investing $400-million in a new zinc mine at Gamsberg, in the Northern Cape 

ELB as EPC contractor for Gamsberg process, water plants

By: Megan van Wyngaardt     19th October 2016 Engineering solutions provider ELB’s Engineering Services subsidiary has been appointed by Black Mountain Mining, a subsidiary of Vedanta Resources, to provide engineering, procurement and construction (EPC) services at the Gamsberg zinc project, in the Northern Cape. The company will oversee the... 

John T. Ryan Trophy winners unveiled at MineSAFE 2016

     6th September 2016 The John T. Ryan Trophy for a surface-mining operation was awarded to AngloGold Ashanti’s Savuka gold mine in Gauteng, while platinum producer Lonmin’s 4B/1B shaft in the North West clinched the award for an underground operation at MineSAFE 2016. The John T. Ryan Trophy was presented by MSA... 

DMR demands mines improve H&S records, best performing mines recognised 

By: Ilan Solomons     2nd September 2016 South African mining industry stakeholders must collectively adopt the fundamental stance that if mines cannot undertake mining safely, they should not mine at all, until the necessary measures have been put in place to protect the lives of all mineworkers, Department of Mineral Resources (DMR)... 

Oriental Rubber Industries

     26th August 2016 Oriental Rubber Industries is a leading producer of an extensive range of rubber ply conveyor belts, including a large range of steel cord belts for the mining and industrial industries, in local and global markets. With an extensive research and development program, the company boasts various... 

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