The first form of the company existed during the time of the
Mount Lyell Remediation and Research and Demonstration Program. Following the first form going into administration in 1998 the mine was then acquired in 1999 by Monte Cello BV. First it operated as a subsidiary and then acquired by
Sterlite Industries (India) Limited. It is now owned by
Vedanta Resources. Its mine output goes to supply the companies copper smelter in
Tuticorin, India. Production stopped at the mine in January 2014 following three deaths. Its reopening was subsequently prevented by a rockfall. As of July 2014, it was not expected to reopen for up to three years. ==See also==