Vedanta seeks $1 billion in upsized share placement
Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country.
Mitsui Mining and Smelting Co, Japan’s biggest zinc smelter, plans to produce 110,800 tonnes of refined zinc in the second half of the 2022/23 financial year, up 0.2% year on year, it said on Monday.
The second half runs from October to March.
Zinc is used mainly as an anti-corrosive coating while making galvanized steel.
Following are details of the company’s output plan, with comparisons against estimated production in the first half of the 2022/23 financial year and actual production in the second half of 2021/22, which ended on March 31.
(Zinc and lead in tonnes):
| H2 FY22/23 | H1 FY22/23 | H2 FY21/22 | |
| Zinc | 110,800 | 112,400 | 110,600 |
| Lead | 35,000 | 35,000 | 34,600 |
(By Yuka Obayashi; Editing by David Goodman)
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