Vedanta Plans Zinc Refinery Upgrade at Skorpion Complex

Bloomberg reported that Vedanta Resources plc (LSE:VED) plans to upgrade a zinc refinery at its Namibia-based Skorpion complex. By completing the upgrade, the company will be able to treat both zinc-oxide and zinc-sulfide deposits.

As quoted in the market news:

‘The refinery conversion project will ensure the continued existence of Skorpion zinc,’ the mine’s management said in a report. The mine was originally scheduled to close in three years’ time, following the depletion of the ore body.

Construction at the refinery will take as long as two years. The work will also allow the plant to process material from a planned mine at the Gergarub deposit, next to Skorpion.

The converted refinery will also be able to handle ore from Vedanta’s planned Gamsberg zinc mine in South Africa’s Northern Cape province, Skorpion’s management said.

Click here to read the full Bloomberg report.