Message Sam 27 Nov 2010 17:07

Vedanta has reiterated that its copper capacity in Zambia

will grow to 400,000 tpy in three years, brushing aside concerns about the viability of its Konkola Deep project. The London-listed mining company told analysts today that it will deliver the Konkola Deep project in Zambia on time, which would produce 8.1 million tonnes of ore at 3.5% grade. This would increase its Zambian copper capacity to 400,000 tonnes and reduce cash costs to $1 per lb, the company said. It currently...