Digitalisation in the mining industry is not something for the future – it is immediate, and is, or should be, the here-and-now of all the work mining companies do as an industry, says global diversified miner Vedanta’s Africa Base Metals CEO Deshnee Naidoo.
Vedanta Resources chair Anil Agarwal will take the London-listed miner private on October 1, his family trust said on Monday, a step seen by some in the industry as a prelude to a potentially broader deal with bigger miner Anglo American.
Work at Vedanta Zinc International's Gamsberg mine close to Aggeneys in the Northern Cape Province of South Africa is progressing at steady pace.
While the zinc industry is poised to have a structural defict until 2022, diversified miner Vedanta Resource' Vedanta Zinc Internationa(VZI) is well poisitioned to meet the needs of South African zinc users.
Vedanta Resources has been picking up the shoes in southern Africa that Anglo American has cast off in its eagerness to woo shareholders in a foggy little island in the northern hemisphere.
The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system for the Gamsberg zinc mine project in the Northern Cape is seen as a significant milestone.
Vedanta Zinc International, a subsidiary of London-listed Vedanta Resources, expects to bring its mammoth US$400 million Greenfields Gamsberg zinc mine into production in mid-2018.
The more baby step mining tycoon and Indian billionaire Anil Agarwal takes, the more the market agrees that a deal with Anglo American in increasingly like.
Vedanta’s Southern Africa ambitions have been given greater definition following the creation of Africa Base Metals, an entity through which its zinc and copper asserts in South Africa, Zambia and Namibia will be managed, and fall under the purview of Deshnee Naidoo, currently CEO of Vedanta Zinc International.
Vedanta Zinc International plans to spend 800 million dollars to build a zinc refinery in the Northern Cape. Feasibility studies have been launched and it would be the country’s first zinc smelter since Exxaro closed its unprofitable plant in 2011.