https://www.miningweekly.com
Africa|Aluminium|Business|Copper|Gas|Iron Ore|Mining|Oil And Gas|Oil-and-gas|Power|PROJECT|Projects|Refining|Resources|Safety|Solar|Steel|Water|Operations
Africa|Aluminium|Business|Copper|Gas|Iron Ore|Mining|Oil And Gas|Oil-and-gas|Power|PROJECT|Projects|Refining|Resources|Safety|Solar|Steel|Water|Operations
africa|aluminium|business|copper|gas|iron-ore|mining|oil-and-gas|oilandgas|power|project|projects|refining|resources|safety|solar|steel|water|operations

Vedanta sets sights on global zinc market leadership

Vedanta sets sights on global zinc market leadership

Vedanta Resources executives tell Mining Weekly correspondent Kim Cloete about the group's growth plans and its corporate social investment initiatives. Video and editing: Nicholas Boyd.

28th February 2020

By: Kim Cloete

Creamer Media Correspondent

     

Font size: - +

Natural resources company Vedanta Resources is aiming to become the world’s biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million tonnes a year to 15-million tonnes a year.

Vedanta has a presence in steel, iron-ore, aluminium, copper, lead, zinc, oil and gas and commercial power, with business operations in India, South Africa, Namibia and Australia.

The current zinc metal production capacity at its Hindustan Zinc operations stands at 1.2-million tonnes a year. The company is aggressively expanding its mining capacities, with six major ongoing projects.

The resources company is the ninth-largest silver producer in the world, producing 700 t of the metal last year. “We’d like to increase that to 1 400 t/y in the next four to five years’ time,” said Sunil Duggal, CEO of Hindustan Zinc, which is India’s only integrated zinc/lead/silver producer.

Vedanta Zinc International projects director Satish Kumar has also outlined prospects for Vedanta’s Black Mountain mine and the newly finished Phase 1 of the Gamsberg project, in the Northern Cape, which has 250 000 t of zinc production capacity.

The aim is to double the capacity in the medium term by implementing Gamsberg Phase 2 and then to grow that into beneficiation.

The Black Mountain mining complex comprises the Deeps and Swartberg shafts, and Gamsberg, in the Northern Cape. Vedanta holds 69.6%, Exxaro Resources 24.4% and the BMM Employee Share Ownership Plan 6%.

Skorpion Zinc’s mining and refining operations in southern Namibia also form an important part of the Vedanta stable.

Vedanta Resources also has aggressive targets to boost its oil and gas production, as well as iron-ore. It is one of the top low-cost producers of iron-ore in India.

Sauvick Mazumdar, CEO of Sesa Goa Iron Ore, a majority-owned Vedanta subsidiary, says he plans to move from 10-million tonnes a year towards a target of 15-million tons of iron-ore a year within three years. He expects 80% of the growth in iron-ore to be organic, with a “multifold” increase in jobs.

Safety will be an increasing priority in tandem with growth.

“We have a very focused approach to safety. Our entire workplace is subdivided into small grids, with people responsible for their own areas. With good intervention, our safety record has improved,” said Mazumdar.

He said Vedanta Resources was committed to giving back to communities through its Nand Ghar programme aimed at empowering women and children. “We have established 1 500 multipurpose centres [sporting] solar electricity, clean drinking water and hygienic toilets,” said Mazumdar.

“We are developing the youth for the future, [which includes] nutrition and mental development to computer education,” he added.

The programme provides preschool education for children, nutrition through precooked meals, healthcare and women empowerment through skills, credit linkage and entrepreneurship development.

Vedanta says it aims to triple the number of Nand Ghar centres within the next few years.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Latest News

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
Updated 2 hours 44 minutes ago

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.238 0.274s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: