Vedanta Zinc International Announces A R7-billion Investment Into Gamsberg
Vedanta Zinc International Announces A R7-billion Investment Into Gamsberg. It has been reported that Zinc International has made a R7 billion investment into the Gamsberg Phase 2 expansion in the Northern Cape.
Gamsberg is located about 30km from Black Mountain Mining (BMM) in the Northern Cape, South Africa. BMM is located at Aggeneys, a mining town in the province. Gamsberg currently produces 400,000 tonnes of ore per month. While the operational design is for 300 thousand tonnes of ore per month. During Phase 1, at full production capacity, Gamsberg will produce 4 million tonnes of ore from its open-pit mine and 250 thousand tonnes per annum of zinc-in-concentrate.
he feasibility study of Gamsberg Phase II is complete and has doubled VZI’s Ore Reserves from 214 million tonnes to 525 million tonnes. Gamsberg Phase 2 has attracted a Capital Investment of R7 billion and double the current production to 500 thousand tonnes per annum, bringing South Africa onto the Global Zinc Map. Phase II of the Gamsberg Mine aims to create 600 permanent jobs with 2000 jobs during the construction phase. It’s current mineral reserves and resources show a potential Life of mine of 50 years.
The mine employs more than 1200 permanent employees. More than half of the employees are recruited from the Northern Cape, with over 25% from local communities. Gamsberg employed 3,000 people during the construction of the operation. Vedanta is simultaneously pursuing a feasibility study into the development and construction of a smelter-refinery complex, which speaks to both Vedanta and the Government’s commitment to local metal beneficiation.
