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Vedanta output rises

Vedanta’s Konkola
copper mine in
Zambia
 
London, England — MININGREVIEW.COM — 09 April 2009 – Indian-focused mining group Vedanta Plc – an LSE-listed diversified FTSE 100 metals and mining company, and India’s largest non-ferrous metals miner based on revenues – has posted a string of production increases in the quarter ended 31 March 2009.

A release issued here revealed that aluminium production in the quarter ended 31 March 2009 was at a record 134 000 tonnes – a 31.4% increase over the corresponding quarter in 2008. Aluminium production of 462 000 tonnes in the full 2009 financial year was 16.7% higher than the previous year. Vedanta posted an 11.9% rise in refined zinc output in the first quarter of 2009, while the company’s iron ore production increased by 4.1%.

The release added that zinc and iron ore are the London-listed firm’s most profitable products, accounting for 39% and 32% of core profit for the first nine months of the company’s fiscal year.

Refined zinc output for the three months to end March was 151 000 tonnes, as opposed to 135 000 tonnes last year, while iron ore was 4.9 million tonnes, up from 4.7 million.

The increase in aluminium production was mainly due to the company’s new Jharsuguda smelter, while copper cathode output in India fell 2.2% to 88 000 tonnes, and copper cathode production in Zambia rose 2.9% to 35 000 tonnes.

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