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The producer of hip-hop music from Indiana AKA Maja 7th has released his official LP record “Get Familiar”

The producer of hip-hop music from Indiana AKA Maja 7th has released his official LP record “Get Familiar”

The producer of hip-hop music from Indiana known as Maja 7th has released his latest official LP...

EAE Management Group, QUE Records & Capitol Music Group Have Joined Forces to Create a New Age Digital Branding & Distribution Label

EAE Management Group, QUE Records & Capitol Music Group Have Joined Forces to Create a New Age Digital Branding & Distribution Label

EAE Management Group a division of The E-man's Angels Marketing Agency officially signed their...

New Version of Vibosoft Android SMS+Contacts Recovery - More Efficiently Recover Lost SMS & Contacts from Android Phones

Vibosoft Studio has recently unveiled the latest version of Vibosoft Android SMS+Contacts Recovery...

Donald Trump said that China’s ripoff of the United States is the biggest in history – The Donald is wrong

The biggest rip off in history is the SOCIAL SECURITY ACT of 1935! HERE IS ITS INHERENT INVESTMENT...

NIIT unveils Multi-Skill Training Centre under Pradhan Mantri Kaushal Vikas Yojana at Bhagalpur, Bihar

Pioneering learning and career solution for the youth in Bhagalpur   Bhagalpur, August 19,...

REVOLUTIONARY TRAVEL PORTAL LAUNCHES WITH WHOLESALE PRICES AND VIP SERVICE

A new approach to offering travel deals has been launched to help people elevate their happiness...

Marketing Agencies Can Offer Email Validation Services To Clients With Email YoYo

Email YoYo is seeking to work with individuals and businesses focused in contracting, development,...

Australian Songwriter Sam Joole New Album Out September 2nd 2015

Australian Songwriter Sam Joole New Album Out September 2nd 2015

Jooles latest album Shapeshifting goes live on iTunes, eMusic, Spotify and Amazon September 2nd...

Capital A List offering guestlists and table bookings at majority of VIP nightclubs in London from August

The London-based events company is now working with more clubs than ever to meet increasing client...

LIVALL's Bling Helmet is Going to Hit and Roll Cyclists Around the World

With a growing number of people choosing cycling as their way of exercising after work, an...

  • The producer of hip-hop music from Indiana AKA Maja 7th has released his official LP record “Get Familiar”

    The producer of hip-hop music from Indiana AKA Maja 7th has released his official LP record “Get...

    Monday, 31 August 2015 16:41
  • EAE Management Group, QUE Records & Capitol Music Group Have Joined Forces to Create a New Age Digital Branding & Distribution Label

    EAE Management Group, QUE Records & Capitol Music Group Have Joined Forces to Create a New Age...

    Monday, 31 August 2015 16:07
  • New Version of Vibosoft Android SMS+Contacts Recovery - More Efficiently Recover Lost SMS &...

    Saturday, 29 August 2015 12:38
  • Donald Trump said that China’s ripoff of the United States is the biggest in history – The Donald...

    Friday, 28 August 2015 15:32
  • NIIT unveils Multi-Skill Training Centre under Pradhan Mantri Kaushal Vikas Yojana at Bhagalpur,...

    Thursday, 27 August 2015 13:25
  • REVOLUTIONARY TRAVEL PORTAL LAUNCHES WITH WHOLESALE PRICES AND VIP SERVICE

    Monday, 24 August 2015 22:26
  • Marketing Agencies Can Offer Email Validation Services To Clients With Email YoYo

    Monday, 24 August 2015 16:27
  • Australian Songwriter Sam Joole New Album Out September 2nd 2015

    Australian Songwriter Sam Joole New Album Out September 2nd 2015

    Tuesday, 18 August 2015 10:33
  • Capital A List offering guestlists and table bookings at majority of VIP nightclubs in London from...

    Friday, 14 August 2015 13:37
  • LIVALL's Bling Helmet is Going to Hit and Roll Cyclists Around the World

    Friday, 14 August 2015 07:39
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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Author: Vedanta Zinc InternationalEmail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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