360° PROJECT MANAGEMENT
Striking a balance between economic growth and social well-being is intrinsic to the Indian enterpreneur. In India, business-driven social initiatives have existed since centuries, and have resulted in institutions and centres of excellence that have stood the test of time. This concern for holistic growth and development is also ingrained in Vedanta's core values, in the form of Integrity, Respect and Care.
For us, a new project is not just a means of adding more value to the shareholders. It is a responsibility to add value to the host countries, their biodiversity and the local communities. This helps us maintain the perferred social license to operate. Prior to developing new projects, we undertake location specific needs assessment studies and analyse the project from its exploration stage to closure, to identify potential impacts and the likely affected parties.
Effective stakeholder engagement is key to successful project management. Every project has a systematic process laid down to examine the impending effects due to the variation in demography, local culture, customs and methods of communication. We have standards which imply to Free Prior Informed Consent from indigenous communities prior to the commencement of a project. We liaise with the local communities as early as possible in the project life cycle to identify the unique nature of these challenges, assess them and respond to any potential issues, conflicts or concerns.
To increase the efficiency of our engagement initiatives, we involve community leaders, government representatives or other third-party mediators to enhance the reach and results of our communications and foster greater transparency and trust between the Company and communities.
Prevention is better than cure; and so is comprehensive risk assessment crucial in averting any undesiarble environmental or social impact. Risk screening makes our sustainability framework stronger; and mitigation strategies, more responsive and effective. Environmental and Social Impact Assessments (ESIA) process is followed for all new projects, to help us ensure projects are properly de-risked, and successfully obtain and sustain their license to operate.
For us, a new project is not just a means of adding more value to the shareholders. It is a responsibility to add value to the host countries, their biodiversity and the local communities. This helps us maintain the perferred social license to operate. Prior to developing new projects, we undertake location specific needs assessment studies and analyse the porject from its exploration stage to closure, to identify potential impacts and the likely affected parties.
The world's largest Zinc mine HZL-Rampura Agucha is also the largest zinc producer in India with a market share of 79.1%. The mine has a current capacity of 1 million tonnes of Zinc-lead. An underground expansion programme has been initiated to increase the production capacity to 1.2 million tonnes per annum. Site exploration will be the primary focus tool for the expansion.
It is a world-class underground mine with state-of-the-art infrastructure facilities and best-in-class mechanisation. As part of the on-going expansion programme, ore production capacity at Sindesar Khurd Mine will be increased to 6.0mn MT per annum by FY 2018-19. The Environmental Impact Assessment is under progress and Environment Clearance is expected by February 2018.
As part of the on-going expansion programme, ore production capacity will be increased to 4 mn MT per annum for which the HZL received an environment clearance this year.
The shaft is going to be deepened post relevant risk assessments, increasing the production to 1.6Mtpa of copper and lead ore and 60ktpa to 70ktpa of Metal-in-Concentrate (MIC). Expansion plans are also underway.
Our commitment to the communities extends beyond the closure of the operations. A mine closure is in fact the beginning of a comprehensive and well-designed aftercare process that enriches not only the local communities but also the restoration of natural habitat and ecosystems.
The mutually agreed solutions to the environmental and social risks identified through the Environmental and Social Impact Assessment (ESIA) at the onset of every project also include the Site Closure Plans. Our Sustainable Development Framework includes a Site Closure Standard, which is continually aligned and updated to match the international good practices benchmark.
From its initial discovery in 1990 throughout its planning, construction, operation and now closure, Lisheen Mine has been a world-class operation, implementing the highest international standards throughout the entire mine life cycle. The commitment of Lisheen went beyond the implementation of the physical closure of the site. The mine aftercare programme ensures that a comprehensive plan is in place.
Lisheen Mines operations ceased in November 2015. In alignment with our sustainability standards we initiated the comprehensive Closure, Restoration and Aftercare Management Plan (CRAMP) and assigned a dedicated committee overseeing the implementation and progress of the mine closure plan.
VEDANTA AND LISHEEN TOP MANAGEMENT HAVE A VISION BEYOND THE CLOSURE OBJECTIVE TO ESTABLISH A “BIO-ECONOMY CAMPUS” – A REPLACEMENT INDUSTRY THAT PROVIDES REPLACEMENT JOBS AND SUSTAINABLE GROWTH.