25th Jan 2016 10:30
LONDON (Alliance News) - Vedanta Resources PLC on Monday marked the final shipment of zinc from its Lisheen mine in Ireland, where mining activity was concluded in November 2015 and milling ceased the next month after 17 years of operation.
"Our priority is not just the physical closure of the mine, but also the aftercare of the site to ensure that it is a long-term success. We made a commitment to our stakeholders to leave the site in a safe condition that will allow productive use of the land, and a detailed and fully-costed closure, restoration and aftercare management plan is already underway," Alan Buckley, general manager at Lisheen, said.
"Wherever possible, we will strive to build a sustaining economy in the surrounding region to ensure that a positive legacy remains now that the mine's operations have ceased," he added.
Operations at Lisheen began in 1999 following a development partnership between Minorco, which merged with Anglo American in 1999, and Ivernia West. In 2011, Vedanta Ltd, a listed subsidiary of Vedanta Resources, acquired the mine from Anglo American, which had taken full ownership of the site in 2003. Over its life, 22.4 million tonnes of ore was mined at Lisheen, at an average grade of 11.63% zinc and 1.96% lead.
Shares in Vedanta Resources were up 2.4% at 217.90 pence on Monday morning.
By Samuel Agini; [email protected]; @samuelagini
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