Konkola Copper Mines (KCM), majority owned by Vedanta, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said.
Vedanta Mining News
Vedanta Zinc will commission OptiMine for trucks, loaders and drills next year, accelerating data-driven operation for world-class mining safety.
A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.
The company was not given any notice or opportunity to explain its position.
The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.
Aanalysts expected the miner to post a profit of 12.68 billion rupees.
Investment in South Africa on the rise
Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.
Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.
He has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion).
Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.
Vedanta "can be the second- or third-largest resource company in the world."
Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.
About 13 people died at the site last week after police opened fire as locals protested against alleged pollution.
A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.
Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.
A company executive says Vedanta is not looking to set up plant elsewhere.
Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.
The pollution control board of Tamil Nadu said the smelter was found last week to be preparing to resume production without permission.
The unit has been shut for more than 50 days.
Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.
Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.
The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.
Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.
The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi.