Vedanta Resources makes final shipment of zinc from Tipperary's Lisheen Mine
Published 25/01/2016 | 14:17
London-listed metals and mining firm Vedanta Resources said it made its final shipment of zinc from its Lisheen Mine in Tipperary after 17 years in operation.
Mining activity at the Lisheen Mine was concluded in November, whilst milling ceased in December. The final shipment from the mine was sent last week.
The closure of the mine could further tighten global supplies of zinc. The price of the metal, which is used to galvanise steel, has dropped to its lowest level since 2009.
The operation at Lisheen consisted of an underground mine, concentrator and backfill plant, and typically produced 300,000 tonnes of zinc concentrate and 38,000 tonnes of lead concentrate every year.
Operations at Lisheen began in 1999 following a successful development partnership between Minorco, which merged with Anglo American in 1999, and Ivernia West.
In 2011, Vedanta Limited, 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, 22.4m tonnes of ore was mined at Lisheen.
At peak production 400 up to 400 people were employed at the mine.