Vedanta’s zinc segment, Zinc India’s ore production increased to 7mn mt in the April to Sep 2019 period, up by 6pc from the year prior, revealed company’s interim results.
The company has zinc ore mines at Rampura Agucha, in the Bhilwara district and Zawar in the Udaipur district of Rajasthan.
Zinc production increased to 429,000mt, up by 1pc along with a corresponding rise in the production cost to $1,057/mt in the first six months of fiscal year 2019, from $1035.86 in the prior year.
Zinc International produced 63,000mt of ore, up by 126pc from the prior year period. Their cost of production was $1,584/mt, down by 35pc from 2018.
Vedant’s plant in Namibia, Skorpion reported a slope failure in their Pit 112 in May 2019. Remedial activities are on the verge of completion and operations would recommence in 2021, the company informed. The incident resulted in a four-month ore gap, which shutdown their refinery and shifted 60,000mt of their production to fiscal 2021.
Aluminium production at Lanjigarh plant went up by 27pc from the prior year period to 856,000mt, with a decrease in production cost by 17pc to $289/mt. Chotia coal mine is on track to achieve production at its optimum annual capacity of 1mn mt as per the company. Vedanta resources has planned Phase I expansion of its alumina facility to 2.7mn mt, to ease aluminia prices to $300/mt.
Iron ore production increased by 15pc to 645,000mt at Iron Ore Karnataka & Electrosteel facility.