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Vedanta Resources: Current status of key projects

Friday, 18 Nov 2005
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Here is a status report of key projects of Vedanta Resources Plc (Sterlite group) as available in November 2005.

A. India

A-1. Aluminium smelter (Orissa, 5 lakh tpa)

A firm decision on setting up a greenfield 5 lakh tpa aluminium smelter in Orissa would be taken in the second half of 2005-06, i.e. by March 2006. (Note: Pre-project work has already begun nevertheless.)
(background.....)

A-2. Bharat Aluminium Co Expansion (Chhattisgarh, 2.5 lakh tpa)

The project of expanding Balco's aluminium smelting capacity at Korba (Chhattisgarh) from 1 lakh tpa to 3.5 lakh tpa will be commissioned by March 2006.  The commissioning of 540 MW (4x135 MW) of power capacity (also part of the project) is scheduled for December 2005. As of November 2005, a total of 144 smelter pots out of 288 were commissioned, and three out of the total four power units, were completed.
(background...)

A-3. Lead smelter (Rajasthan, 0.5 lakh tpa)

The 50,000 tpa new lead smelter coming up at Chanderiya (Rajasthan) is likely to be commissioned by December 2005.
(background....)

B. Overseas

B-1. Konkola Copper Mines (Zambia)

The board of directors approved a $125 million expansion project at the Nkana smelter associated with the Konkola Copper Mines in Zambia. The project aims to increase copper smelting capacity to 3 lakh tpa, which would enable it to process higher amount of copper concentrates from the group's Konkola mines (also under expansion) and also toll-treat concentrates from other mines in Zambia. The project will be financed largely by internal accruals, supplemented by debt. Technology for the smelter expansion, targeted for completion by mid-2008, will be sourced from Outokompu of Finland.
(background...)

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