Vedanta Resources PLC
17 November 2005
November 17, 2005
Vedanta Resources announces new growth project in Zambia
The board of Vedanta Resources plc ('Vedanta') has approved a new capital
project for the expansion of the Nkana smelter in Konkola Copper Mines ('KCM'),
at a total cost of $125 million. The expansion will increase the smelter
capacity to 300,000 tpa and will be adequate not only to treat the expanded
output from Konkola after completion of the Konkola Deep expansion but also toll
treat concentrates from other mines in Zambia.
The project is expected to be completed by mid 2008 and will be financed
substantially from internal cash generations of KCM, supplemented with debt as
required. The technology proposed for the smelter will be sourced from Outokompo
Finland and is suitable to treat the concentrate from the Nchanga and Konkola
mines of KCM.
For further information, please contact:
Associate Director - Investor Relations email@example.com
Vedanta Resources plc Tel: +91 22 5646 1444
Finsbury Group Tel: +44 20 7251 3801
About Vedanta Resources plc
Vedanta Resources plc is a London listed diversified metals and mining group.
Its principal operations are located throughout India, with further operations
in Zambia and Australia. The major metals produced are aluminium, copper, zinc
and lead. For further information, please visit www.vedantaresources.com.
This press release contains 'forward-looking statements' - that is, statements
related to future, not past, events. In this context, forward-looking statements
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that are, to different degrees, uncertain. For Vedanta, particular uncertainties
arise from the behaviour of financial and metals markets including the London
Metal Exchange, fluctuations in interest and or exchange rates and metal prices;
from future integration of acquired businesses; and from numerous other matters
of national, regional and global scale, including those of a political,
economic, business, competitive or regulatory nature. These uncertainties may
cause our actual future results to be materially different that those expressed
in our forward-looking statements. Vedanta Resources plc does not undertake to
update its forward-looking statements.
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