Vedanta Limited today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2018 (FY 2018).
One year after the launch of the Voorspoed Employee Share Ownership Plan (ESOP), all qualifying employees at Vedanta Zinc International’s Black Mountain Mining (BMM) each received a cash payment of R3,500 per person (after tax) on 26 April 2018. The total value of the payment made to 783 employees (before tax) is R3.5 million. These employees (who include all current and future permanent foremen, supervisors, artisans and operators - both South African citizens and non-South African citizens) will receive a guaranteed cash payment of R3,500 (after tax) every year for the next five years.
Vedanta Zinc International (VZI), a subsidiary of London-listed Vedanta Resources, is pleased to announce that the company has started a feasibility study into the development and construction of a Zinc Smelter-Refinery Complex to process concentrates from its Gamsberg project at Black Mountain Mining in the Northern Cape Province, South Africa.
Vedanta Resources plc ("Vedanta") is pleased to announce the appointment of Srinivasan Venkatakrishnan (Venkat) as Chief Executive Officer (CEO) and a member of the Board of Directors, effective 31 August 2018. He succeeds Kuldip Kaura, the current Interim CEO.
Anil Agarwal, the Chairman of Vedanta Resources Plc, today outlined a Path to Growth for the Konkola Copper Mines (KCM), a Zambian subsidiary of the diversified global mining and resources company. The Chairman also expressed confidence in what he sees as the start of an African economic resurgence driven by various metals.