Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Canada’s Centerra Gold Inc said on Monday that search operation for two missing workers at its Kumtor gold mine in Kyrgyzstan was underway and that it had temporarily shut the mine as it was focusing on rescue efforts.
“A re-start of open pit mining operations won’t occur until the Company is certain that the search and rescue efforts will not be affected and a revised waste dumping plan has been completed,” the company said in a statement.
The miner said on Sunday that two of its employees had gone missing after a “significant rock movement” at a waste rock dump.
The miner also said it was assessing alternative waste rock dumping plans. Shares of the company closed down nearly 11%.
(By Arundhati Sarkar; Editing by Anil D’Silva)
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