New Copper Plant
Vedanta, the large metals and mining company, recently announced it will establish a 100,000-tonne continuous copper rod (CCR) plant in Fujairah.
The London Stock Exchange-listed Indian company initially plans to invest $15 million (Dh55m) in the project and hopes to have the copper plant up and running by December 2009.
There is a great regional demand as the GCC alone will require 400,000 to 500,000 tonnes of copper rods annually to meet the demands of its power distribution infrastructure.
Expanding Gold Refinery
Vedanta already operates a 20 million-tonne gold refinery in Fujairah, which it plans to double to 40 million tonnes at a cost of $6m by early in 2010.
Business 24-7, 19 May 2009.
Dr Geoff Pound
Image: Copper Processing and Gold Refining.