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Sterlite Industries’ copper smelter to remain shut for now

29 Apr 2013 Evaluate

Re-opening of Sterlite Industries’ copper smelter has been deferred as a local environmental court has transferred a case over its closure to New Delhi, thereby extending a month long closure at the facility that meets half of the country's copper demand.

Late last month, state-run Tamil Nadu Pollution Control Board ordered the closure of the copper smelter located in the southern Indian town of Tuticorin, following complaints of emissions from the plant, thereby putting about 3,000 tonnes per day of copper concentrates onto the market and sending fees to process them to a five-month high in Asia.

Sterlite Industries (India) registered 16% growth in Mined metal production at 260,000 tonnes in Q4FY13 as compared to corresponding prior period, which is in line with the annual mine plan. Full year production was 870,000 tonnes, 5% higher than the previous year.

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