Vedanta to shut copper smelter in India for about 15 days

By Reuters / March 28, 2018 / in.investing.com / Article Link

March 27 (Reuters) - Vedanta Resources Plc VED.L said on Tuesday its India unit Vedanta Ltd's VDAN.NS copper smelting operations at Thootukudi, in the southern state of Tamil Nadu (NS:TNNP), will be closed for about 15 days as part of a maintenance shutdown.

The news of the maintenance activity, which Vedanta said was earlier scheduled for April, comes amid local media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.

The refining and copper rod manufacturing operations would continue as usual at the smelter, Vedanta said in a statement. The company did not return calls from Reuters seeking further comment.

The copper smelter, run by Vedanta's Sterlite Copper unit, is one of the India's biggest and has been a target of protesters, who call it a major source of pollution and a risk to fisheries.

The plant was shut for more than two months in 2013 after residents complained about emissions. An environmental court later ruled the smelter could operate, but should take extra steps to prevent pollution.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok