Vedanta to suspend operations at Namibian zinc unit
Nasdaq - March 30 (Reuters) - Vedanta Zinc International, a unit of diversified miner Vedanta Resources VDAN.NS, said on Monday it would suspend operations at its Skorpion Zinc mine and refinery in Namibia by the end of April.
Vedanta said the decision to place Skorpion Zinc on care and maintenance, which means operations stop but are kept in a condition to resume in future, was taken because of pit failures that had paralysed a significant portion of the open-cast mine.
The failures, the latest of which occurred in January, resulted in an ore gap of more than 10 months, the company said, adding that further technical studies had indicated the existence of similar failures at depth.
Roughly 1,500 employees in the southern African country will be affected by the suspension in operations.