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 Ltd, Japan’s biggest zinc smelter, plans to produce 117,800 tonnes of refined zinc in the second half of the 2023/24 financial year, up 9.8% from a year earlier, it said on Monday.
The second half runs from October to March.
Zinc is used mainly as an anti-corrosive coating while making galvanised steel.
Following are details of the company’s output plan, with comparisons against estimated first-half production of the 2023/24 year and actual second-half output of the 2022/23 financial year, which ended on March 31.
| H2 FY23/24 | H1 FY23/24 | H2 FY22/23 | |
| Zinc | 117,800 | 103,700 | 107,300 |
| Lead | 36,200 | 33,800 | 34,900 |
(By Yuka Obayashi; Editing by Muralikumar Anantharaman)
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