Quarterly Result31 Jul 2025, 02:52 pm
Vedanta Ltd Enhances Gamsberg Phase II Project Capacity to 8.4 Mtpa of Ore, Drops Scheme of Arrangement
AI Summary
Vedanta Ltd has announced enhancements to the Gamsberg Phase II Expansion Project, increasing plant throughput by 10%, metal recovery by 3%, and adding a new tailings storage facility. The expansion will raise the plant capacity from 4 Mtpa to 8.4 Mtpa of Ore, making Vedanta Zinc International the largest Zinc producer in South Africa. Additionally, the company has decided not to pursue the Scheme of Arrangement for the transfer of balance of General Reserve to Retained Earnings, due to evolving strategic priorities.
Key Highlights
- Gamsberg Phase II Project capacity enhancement to 8.4 Mtpa of Ore
- Increase in plant throughput by 10% and metal recovery by 3%
- Addition of a new tailings storage facility in line with ESG goals
- Vedanta Zinc International to become the largest Zinc producer in South Africa
- Scheme of Arrangement for the transfer of balance of General Reserve to Retained Earnings dropped