Author of LGBT Children's Book Launches Gaybe Center site

Author of LGBT Children's Book Launches Gaybe Center site

The face and dynamics of the family has shifted as more and more children are being raised by...

Fantasy Football Fans Could Now Run Their Own Fantasy Premier League

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New Business Idea with Low Investment Offered by Orca-Tec

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Second Release of "Stuck in My Head" Could Foster Melodymania

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Composer & Vocalist DONALD STUART HAY New CD

Composer & Vocalist DONALD STUART HAY New CD

DONALD STUART HAY,  Composer and Vocalist, has 4 CD’S available online including his...

Artist Bishop Wayne Crosses Country, Boundaries Bringing Florida Vibe To San Diego Music & Entertainment Summit

New artists are the lifeblood musical direction, and Bishop Wayne, one of the brightest...

The Music Industry Self Help Guide - Taking Your First Steps towards Trampling Over the Obstacles in an Independent Market

The Music Industry Self Help Guide - Taking Your First Steps towards Trampling Over the Obstacles in an Independent Market

The first volume in a series of music education guidebooks that provides valuable resources for...

Steampunk Nixie Clock Now Available in App Form at Fraction of Price

Steampunk Nixie Clock Now Available in App Form at Fraction of Price

A Nixie Clock in limited edition recently hit the market, followed by an app of a 'steampunk...

SMT Records Looking For New Music Talent

SMT Records Looking For New Music Talent

SMT records are offering new and attractive deals for up and coming musicians and artists....

LED Resin Open Signs Out Perform Traditional Neon Technology According to AJB Signs

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Art Teacher on the Net offers Librarians, Staff, Students and Volunteers New Online Workshops

Art Teacher on the Net offers Librarians, Staff, Students and Volunteers New Online Workshops

Art Teacher on the Net offers Librarians, Staff, Students and Volunteers New Online...

Freelance SEO Essex Sponsors Barrel at 2014 Braintree Beer Festival

The team at Freelance SEO Essex are delighted to announce that the company will be sponsoring a...

Muscle Meat Sell out at Body Power Expo NEC Birmingham

Muscle Meat Sell out at Body Power Expo NEC Birmingham

  Grass fed muscle and fitness meat suppliers 'Muscle Meat' received a great response at...

LATEST SHOOTING UNDERSCORES NEW ANTI-NRA RANT

LATEST SHOOTING UNDERSCORES NEW ANTI-NRA RANT

How many mass shootings must occur (Santa Monica being just the latest) for gun-control reform...

  • Author of LGBT Children's Book Launches Gaybe Center site

    Author of LGBT Children's Book Launches Gaybe Center site

  • Fantasy Football Fans Could Now Run Their Own Fantasy Premier League

  • New Business Idea with Low Investment Offered by Orca-Tec

  • Second Release of "Stuck in My Head" Could Foster Melodymania

  • Composer & Vocalist DONALD STUART HAY New CD

    Composer & Vocalist DONALD STUART HAY New CD

  • Artist Bishop Wayne Crosses Country, Boundaries Bringing Florida Vibe To San Diego Music &...

  • The Music Industry Self Help Guide - Taking Your First Steps towards Trampling Over the Obstacles in an Independent Market

    The Music Industry Self Help Guide - Taking Your First Steps towards Trampling Over the Obstacles...

  • Steampunk Nixie Clock Now Available in App Form at Fraction of Price

    Steampunk Nixie Clock Now Available in App Form at Fraction of Price

  • SMT Records Looking For New Music Talent

    SMT Records Looking For New Music Talent

  • LED Resin Open Signs Out Perform Traditional Neon Technology According to AJB Signs

  • Art Teacher on the Net offers Librarians, Staff, Students and Volunteers New Online Workshops

    Art Teacher on the Net offers Librarians, Staff, Students and Volunteers New Online Workshops

  • Freelance SEO Essex Sponsors Barrel at 2014 Braintree Beer Festival

  • Muscle Meat Sell out at Body Power Expo NEC Birmingham

    Muscle Meat Sell out at Body Power Expo NEC Birmingham

  • LATEST SHOOTING UNDERSCORES NEW ANTI-NRA RANT

    LATEST SHOOTING UNDERSCORES NEW ANTI-NRA RANT

Tom Albanese, CEO of Vedanta Resources plc, outlined his vision for Vedanta in Africa while delivering a keynote address at the Mining on Top summit in London this morning, which brought together senior government officials, the mining industry, investors and civil society.

Africa strategy anchored in Zambia’s Copperbelt, Southern African zinc and West African iron ore Tom Albanese, CEO of Vedanta Resources plc, outlined his vision for Vedanta in Africa while delivering a keynote address at the Mining on Top summit in London this morning, which brought together senior government officials, the mining industry, investors and civil society. ‘’Vedanta Resources has been in Africa now for more than a decade, and I am bullish about the potential, both of our existing companies and their opportunities but also for the future of mining across Africa.’’ Speaking about the mining industry’s contribution to economic development, Mr Albanese said, ‘’mining has already created much that is positive, but there are new expectations of what we need to do in the future. I suggest that we can indeed create yet more value, building on a century’s learning and leveraging what we do across the African continent, to provide more benefits, more advantages and more wealth for all stakeholders.’’ Introducing Vedanta’s operations in Southern Africa, Tom Albanese said: ‘’Part of our new vision at Vedanta is for an integrated zinc/lead business in southern Namibia and the Northern Cape of South Africa, creating an integrated zinc smelter/refinery complex at Rosh Pinah. We will be looking to see how we can further leverage this economically in an area of high unemployment and a fragile arid zone biodiversity. This becomes our zinc anchor in Africa.’’ ‘’In the Zambian Copperbelt, at KCM, we continue to invest and to develop. Vedanta paid $261 million to acquire a 79.4% stake in KCM. We have invested $2.9 billion over the last decade in a new copper smelter, 3 new concentrators, a tailings leach plant and new underground facilities. We have reinvested all of our earnings back into the company. This has supported the creation of 5,000 new construction jobs and in the meantime, salaries at KCM have more than doubled in real terms. In support of wider economic development in the area, we continue to expand our vocational technical college – one of the largest private sector facilities in the region. We have paid more than $850 million in taxes and local rates. To add to this, we have spent $120 million on local community initiatives in areas including malaria prevention, sustainable agriculture, school, clinics and community healthcare.’’ Mr Albanese went on to say that ‘for technical reasons that have delayed the ramp-up of copper production after these massive investments, KCM has been loss-making of late and some challenges remain, but to be clear, Vedanta Resources is committed to KCM and to Zambia. We have a 50 year vision for KCM and opportunities in the Copperbelt as our copper and cobalt anchor for our future African growth.’ Turning to West Africa, Mr Albanese said, ‘we have an opportunity to be an important part of the Liberian economy with a phased ramp-up of our Western Cluster business as we develop the necessary infrastructure.’’ He concluded his speech with a call to action to create real sustainability in mining. ‘’Some have suggested that mining sustainability is an oxymoron: how can digging up and removing something be sustainable? But I believe that mining can be sustainable if we are putting back an equal value of future opportunity. At Vedanta, we appreciate how we need to do this and we will continue to engage widely to create this shared value. Creating future opportunities in return for today’s commodities is not just a ‘nice to have’: it is essential for the sustainability of our companies, our industry, our communities and the nations and people of Africa.’’ About Vedanta Resources Plc Vedanta Resources plc (“Vedanta”) is a London listed diversified global resources major. The group produces Aluminium, Copper, Zinc, Lead, Silver, Iron ore, Power, and Oil and Gas. Vedanta has world-class assets in India, Zambia, South Africa, Namibia, Ireland, Liberia, Australia and Sri Lanka and a strong organic growth pipeline of projects. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit: www.vedantaresources.com Copies of the speech are available at www.vedantaresources.com For further information, please contact: Roma Balwani Executive Vice President Group Communications & CSR Tel: +91 22 6646 1330 This email address is being protected from spambots. You need JavaScript enabled to view it.

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