6 February 2013

Zambia: Vedanta to Showcase At SA Indaba

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VEDANTA Resources, which has operations in Zambia through Konkola Copper Mines (KCM), will use this week's Mining Indaba in Cape Town, to showcase recent developments within its African resources portfolio and to re-affirm its commitment to the continent.

KCM, which is attending the conference for the first time which runs from February 4 to 7, is one of Vedanta's most important operations in Africa and ranks among the top three copper producers in the country.

Vedanta Zinc International chief executive officer Kishore Kumar said:"Africa is critical to our growth and success as the depth and quality of our portfolio so amply demonstrates. We are delighted to be making our first appearance at the Mining Indaba."

Vedanta aims to deliver industry-leading production growth through development of previously untapped projects as well as, revamping existing or abandoned projects in order to drive long-term value, whilst focusing on sustainability.

In a statement issued in Lusaka yesterday, Mr Kumar said: "Our approach is to partner with the governments and communities associated with our operations to make a lasting and positive contribution to society," he said.

In South Africa, Vedanta produces Zinc, Lead, Copper and Silver concentrates at Black Mountain in the Northern Cape where it is also developing the Gamsberg deposit, one of the largest Zinc deposits in the world.

Recently, its subsidiary Cairn India Limited concluded a farm-in agreement with Petro SA to explore crude oil and natural gas in the Orange Basin.

It also operates a zinc mine and the continent's only zinc smelter, Skorpion Zinc, in Namibia and is developing an iron ore project in Liberia.

Vedanta has wide-ranging interests in aluminum, copper, zinc, lead, iron ore, oil and gas and power generation. It has operations in eight countries worldwide, including four in Africa.

The company is also pursuing attractive investment opportunities on the continent where it plans to increase the life of mine operation at Black Mountain and Gamsberg in Northern Cape and at Scorpion Zinc subject to the adequate provision of power and other infrastructure.

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