President cuts the ribbon on Vedantas Gamsberg zinc mine in South Africa

first_imgSouth Africa President, Cyril Ramaphosa, has officially opened Vedanta Zinc International’s (VZI) Gamsberg mine, outside Aggeneys in the Northern Cape Province.Ramaphosa was joined by Minister of Mineral Resources, Gwede Mantashe, Northern Cape Premier, Sylvia Lucas, and hosted by Vedanta Chairman, Anil Agarwal, Vedanta CEO, Srinivasan Venkatakrishnan, and VZI CEO, Deshnee Naidoo, at the ceremony.The Gamsberg zinc resource, though discovered more than 40 years ago, had been held undeveloped in the portfolios of various South Africa mining companies until Vedanta acquired it in 2011, as part of the Black Mountain Mining complex. Vedanta gave the project the go-ahead in 2014, and the first blast occurred in mid-2015, eight months later. Gamsberg has a reserve and resource of more than 214 Mt with a grade of 6-6.5% Zn and an estimated life of mine (LoM) of 30-plus years.Phase 1 of Gamsberg, celebrated today, represents a $400 million investment by Vedanta in South Africa. It has a LoM of 13 years and will see 4 Mt/y of ore produced from the open pit and 250,000 t/y of concentrate from its concentrator plant.Investigations into Phase 2 and 3 are underway and will see production of zinc-in-concentrate increase to 450,000 t/y, and in a modular fashion ultimately, to 600,000 t/y. It will reflect an additional investment of $350-$400 million.Vedanta is simultaneously pursuing a feasibility study into the development and construction of a smelter-refinery complex, it said.Vedanta’s CEO, Srinivasan Venkatakrishnan, said: “More than 90% of our $400 million investment at Gamsberg has been spent in South Africa. Our expenditure with local enterprises was around R77.5 million ($5.5 million) in 2018, while we invested more than R44.6 million in 2018 on training and social projects aimed at skills development, education, health, enterprise development and municipal infrastructure support. And this was before the mine had made a single cent.”Delivering the keynote address, Cyril Ramaphosa, said: “The Vedanta Gamsberg project is an important step in our shared journey to revive our mining industry. It confirms our view that with an effective regulatory framework, improved collaboration between all stakeholders and sustained investment, mining has the potential to be a sunrise industry. South Africa has vast undeveloped mineral deposits that we have the opportunity to exploit for the benefit of all the people of this country.”Gamsberg is one of the most digitally advanced greenfield mining projects in South Africa, according to Vedanta. Digitalisation at Gamsberg includes Smart Ore Movement, Spatial Risk Monitoring and Management and Collision Avoidance Systems.last_img read more

DKB HBL THW Kiel in form Rhein Neckar Lowen close to win

dkb bundesliga ← Previous Story RK Vardar have new goalie from Serbia – Dejan Milosavljev Next Story → DON’T STOP TRAVELING: Kim Ekdahl Du Rietz to PSG Handball Championship race in Germany are now linked with only two names after Rhein Neckar Lowen beat TSV Hannover Burgdorf in away match 26:23 and in the same time, THW Kiel beat Fuchse Berlin 25:20.THW Kiel: Landin (1.-46., 13 saves), Wolff (45.-60., 3 saves); Duvnjak (3), Firnhaber, Weinhold (2), Dissinger, Wiencek (1), Ekberg (2), Frend Öfors (5), Rahmel, Zarabec (1), Vujin (6/2), Bilyk (1), Nilsson (4), Santos (n.e.); Trainer: GislasonFüchse Berlin: Heinevetter (1.-22., 31.-60., 7/1 saves), Genz (n.e.), Stochl (22.-30., 2 Paraden); Wiede (4), Elisson (3), Milde (1), Vukovic, Struck (2), Gojun, Lindberg (3/2), Zachrisson (2), Fäth (2), Schmidt (1), Reissky (1), Koch (1); Trainer: PetkovicTSV Hannover-Burgdorf – Rhein-Neckar Löwen 23:26 (13:14)Hannover: Semisch, Ziemer – Mortensen (6/3), Pevnov (1), Häfner (1), Böhm (8), Olsen (2), Brozovic (3), Christophersen, Kastening (2/1), Lehnhoff, Donker, Feiser, Thiele, KroneLöwen: Palicka, Appelgren – Tollbring, Sigurdsson (4/1), Groetzki (2), Radivojevic, Schmid (8), Pekeler (2), Bliznac, Petersson, Reinkind (1), Mensah (7), Taleski, Baena, Ekdahl Du Rietz (2)STANDINGS:1. Rhein-Neckar 28 24 0 4 876:680 482. Flensburg-H. 29 22 2 5 856:730 463. Fuchse Berlin 28 20 3 5 805:728 434. SC Magdeburg 28 20 2 6 837:749 425. Kiel 29 20 1 8 842:732 416. Hannover-Burgdorf 29 19 3 7 813:766 417. MT Melsungen 28 15 3 10 775:728 338. Leipzig 29 15 3 11 755:730 339. Goppingen 29 10 7 12 774:791 2710. HSG Wetzlar 28 11 3 14 734:727 2511. Lemgo 28 9 7 12 720:773 2512. Minden 28 7 8 13 741:793 2213. Erlangen 28 6 7 15 686:765 1914. Stuttgart 28 7 4 17 694:773 1815. Gummersbach 29 7 0 22 730:827 1416. N-Lubbecke 29 3 6 20 668:787 1217. Huttenberg 28 3 6 19 693:817 1218. Ludwigshafen 29 4 3 22 688:791 11 read more