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Corporate Fact Sheet VEDANTA ZINC INTERNATIONAL Fact sheet 2016 OUR BUSINESS EMPLOYS CONTRIBUTES INVESTS 2 868 ~ N$119 million US$1.3 million to Namibian government in community empowerment PEOPLE (health, education, livelihoods and ~ ZAR138.56 million environment) to South African government SOUTH AFRICA NAMIBIA BOTSWANA Windhoek Johannesburg PROUDLY PART OF VZI • Black Mountain Mining is SOUTH AFRICA an underground operation, NAMIBIA mining zinc, lead, silver and copper deposit • 1.7Mt ore hoisted per annum with production capacity of 90ktpa metal PROUDLY PART OF VZI in concentrate • Open pit zinc mine Cape Town • 26% owned by and refinery Exxaro Resources • Largest integrated zinc • Gamsberg Project: Reserves operation in Southern Africa and Resources of 214Mt • Refinery capacity of with potential production 150ktpa Special High Zinc/lead/silver mine capacity of 450-500ktpa of Grade (SHG) zinc Zinc/lead/silver project zinc in concentrate Corporate office WORKFORCE OF WORKFORCE OF 1 336 1 532 PROUDLY PART OF VZI PAGE 1 Vedanta Zinc International – based in Johannesburg, South Africa – is a grouping of zinc assets in South Africa, Namibia and Ireland, VEDANTA ZINC owned by Indian-based Vedanta Limited, a listed subsidiary of INTERNATIONAL IN Vedanta Resources plc (www.vedantaresources.com). SOUTHERN AFRICA Operations include Black Mountain Mining (BMM) in the Bushmanland/Namaqua region of the Northern Vision Cape province of South Africa, as well as Skorpion Zinc Mine and Refinery in the Kharas region of • Create regional zinc complex Namibia and the Lisheen Mine in Ireland (in active closure*). • Become important global supplier Vedanta Zinc International is committed to delivering on our promise to develop the Gamsberg-Skorpion of zinc Zinc Integrated Project to extend the lives of our operations. • Optimise use of existing assets Our vision is to create an integrated regional zinc complex with Gamsberg, BMM and the Skorpion Zinc to benefit all stakeholders Mine and Refinery emerging as world-class operations. Contribution to * Mining activity at Lisheen was concluded in November 2015. Milling ceased in December 2015 after 17 years of operation. regional economy Focusing on physical closure of the mine and aftercare of the site, a best practice mine closure plan has been implemented to fully address regulatory authority permit requirements. • Ensure the region’s vast mineral wealth is used to fight poverty and uplift communities • Address regional needs and align company’s vision of growth and sustainability with long-term GROUP PERFORMANCE value creation The group produced Production growth focusing strongly on underground and replacement 226kt and near pit exploration at all • Manage costs in light of increasing operations, and extending life of depth and declining grades mine beyond plan. • Gamsberg to partially offset in FY2016 production lost at Lisheen • Continued focus on optimising capex at Gamsberg Construction recently Vedanta Zinc International began on the Gamsberg committed US$150 million Project – one of the to the Skorpion Zinc (Namzinc) world’s largest zinc sulphide Refinery conversion project in deposits – in the Northern Namibia. Cape province of South Africa with an investment of approximately US$400 million NAMIBIA over three years. Reserves of 5.2Mt Cost of production is Reserve grades have been increasing as the centre declining as operations near the of gravity of mining at end of their lives. However, higher BMM and Skorpion moves grade Reserves remain at Skorpion, deeper and volumes decline. presenting an opportunity to access Initiatives are underway high-grade ore beneath the current to mitigate increasing pit. At BMM, near mine Resource “geological inflation”. potential is high hence focus on improving confidence in plans for the next five years. PAGE 2 Fact sheet 2016 GAMSBERG PROJECT (PHASE 1: 4.0Mtpa ROM, BLACK 250ktpa zinc in concentrate) MOUNTAIN • Capex reduced by US$200 million to ~US$400 million mainly on engineering improvements and renegotiations MINING • Biodiversity: plant harvesting completed An underground operation, ~80 000 plants translocated to nursery with a workforce of 1 532 (80%) local people. • First blast at project site: 27 July 2015 more than 10Mt mine waste excavated to date for pre-stripping Mining zinc, lead, silver and copper deposit, BMM hoists 1.7Mt of ore a • Major contracts placed year with production capacity of 85ktpa pre-start mining contractor, fuel, explosive and other infrastructure metal in concentrate. Exxaro Resources owns 26% of BMM. • Concentrator discussions underway with various engineering, procurement and construction vendors The adjacent Gamsberg Project has Reserves and Resources of 214Mt with • First ore production in 2018 potential to produce 450-500ktpa of followed by a 9 to 12 month ramp up to full production zinc in concentrate. SKORPION ZINC REFINERY SKORPION CONVERSION PROJECT • To enable sulphide concentrates ZINC processing as current refinery designed to treat oxides Comprising an open pit zinc mine and refinery, and • All basic engineering orders placed employing 1 336 people, in FY2016 (roaster, acid plant, Skorpion is the largest leach integration, engineering integrated zinc operation consultant for feasibility) in Africa. • Basic engineering completed The Refinery has capacity of 150ktpa • Currently reviewing capex and opex SHG zinc. to finalise definitive feasibility study Further extensions at Skorpion are envisaged in FY2017. Defined Reserves • Refinery conversion project schedule will take the mine to final closure based on refinery feasibility and in FY2020. Skorpion mine life extension N$180 million committed to date PAGE 3 Fact sheet 2016 SUSTAINABILITY SAFETY ENVIRONMENTAL MANAGEMENT • Zero harm is our core value • Safe and successful closure of • Making Better Risk Decisions Lisheen in FY2016 (MBRD) training programme • Focus on resources efficiency, for line managers process innovation and • Implementation of technological interventions in safety standards waste, water and energy • Report and learn lessons from • Operating in biodiversity hot spot high potential incidents at Gamsberg and Skorpion Zinc • Safety leadership drives EDUCATION COMMUNITY RELATIONS • 1 800 children benefit from • Working towards implementation childcare and education of Sustainable Development Goals support programmes at cost • Strengthening social licence to of R6 million. operate with community projects • Extending water, sanitation and EMPLOYMENT hygiene services to communities • Largest private employer in • Sustainable livelihood programmes Bushmanland/Namaqua region • +1 000 cataract cases in Disclaimer • 80% employees from Northern Cape treated by BMM This fact sheet contains “forward-looking Northern Cape • In FY2015, 12 new local businesses statements” related to future, not past, created and R7.1 million commercial events. In this context, forward-looking opportunities provided statements often address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “should” or “will.” VEDANTA RESOURCES GROUP STRUCTURE Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties % 59.9 100 % arise from the behaviour of financial and pper Co Cair metals markets including the London Metal ian n In ral s di st ine a Au M Exchange, fluctuations in interest and/or Listed entity LTD exchange rates and metal prices from future ANTA . (62.9 ED %) Unlisted entity V Z 6 i 4 % r n . integration of acquired businesses and 9 0 e ) ( c H % 0 w I W n 1 o Z * P L d from numerous other matters of national, M ) i a L 0 E 0 1 M ( regional and global scale, including those of a political, economic, business, competitive VEDANTA RESOURCES or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward- looking statements. 10 0% / B * Option to increase stake to 94.4% MM 74% ** Option to increase stake to 100% *** Zinc International CONTACT US Our subsidiary Sesa Sterlite Ltd was renamed Vedanta Ltd in April 2015. The name change from Vedanta Zinc International Sesa Sterlite to Vedanta positions us as a united and aligned identity, strengthening the linkage +27 11 685 3973 between our global businesses and communities. PAGE 4.
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