Vedanta invests $200m more in Namibian mining operations
The diversified Indian company works on strategy that could make its Skorpion mine a regional hub for refining zinc
Vedanta, a major zinc producer, is making a fresh $200m investment in its Namibian operations, as it plots a strategy to make the plant a regional hub for refining the metal, says Vedanta Zinc International CE Deshnee Naidoo. The refinery is a pivotal plant in the diversified Indian mining company’s base metals strategy in Southern Africa, where it sees itself as a dominant zinc and lead producer from its Gamsberg and Black Mountain mines in the Northern Cape and possibly the Skorpion mine in Namibia, depending on whether another extension to the asset’s life can be made. The Gamsberg mine, at which Vedanta is investing $400m, will be a 250,000 tonnes a year of zinc-in-concentrate producer, selling the metal to offshore buyers as the company considers whether to include a refinery in a second phase of the Gamsberg project to increase output to 400,000 tonnes of metal in concentrate. At the 400,000 tonnes a year production level, the logic of shipping 1-million tonnes of concentrate ...
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