15 49.0138 8.38624 1 0 4000 1 https://www.fjnnet.com 300 true 0

Goa ban bites at Vedanta – MoneyWeek

Outputfiguresinotherpartsofthebusinesswereabitofamixedbag。

Ironore

SalesofIronOrewere0。

2mtonnesinQ2and3。

1mtonnesinH1,ascomparedwith1。

6mtonnesand5。

8mtonnesinthecorrespondingperiodsoflastyear,respectively。

IronoreoperationswereaffectedbytheminingbaninKarnataka,atemporaryrestrictiononironoreextractioninGoa,andtransportationrestrictionsinSouthGoaduringthemonsoons。

SalesfromGoainthesecondquarterweredownbythree-quartersyear-on-yearwhileproductionofsaleableorefromGoawasdown42%onthecorrespondingquarterof2011。

ZincIndia

Minedmetalproductionwas190,000tonnesinthesecondquarter(Q2)and377,000tonnesinthefirsthalf(H1),ascomparedwith210,000tonnesand398,000tonnesinthecorrespondingperiodsof2011,givingchangesof-9%and-5%respectively。

Integratedproductionofrefinedzincwas153,000tonnesinQ2and310,000tonnesinH1。

Integratedproductionofrefinedleadwas24,000tonnesinQ2,and53,000tonnesinH1,up40%and59%respectivelyyear-on-year,drivenbytheramp-upofoutputatthenewDaribaleadsmelter。

Inlinewiththemineplanandearlierguidance,minedmetalproductioninfiscal2013(FY2013)isexpectedtobeslightlyhigherthanthepreviousyear,withproductioninthesecondhalfoftheyearmorethanmakingupformarginallylowerproduction(year-on-year)inthefirsthalf。

ZincInternational

Totalproductionofrefinedzincandminedzinc-leadmetalinconcentratewas114,000tonnesinQ2,inlinewiththecorrespondingpriorperiod,and5%lowerat220,000inH1inlinewiththecurrentyearsmineplanandonaccountoflowergrades,aspreviouslyindicated。

OilandGas

InQ2,averagedailygrossoperatedproductionwas207,245barrelsofoilequivalent(boe),22%higherthanthecorrespondingpriorperiod。

Workinginterestproductionwas30%higherat129,431barrelsofoilequivalentperday(boepd)。

Theincreasewasdrivenbyramp-upattheRajasthanblock,whichdelivereda37%highergrossproductionof171,801bopdfromthefourproducingfieldsinthesecondquarter。

CopperIndiaandAustralia

Coppercathodeproductionwas87,000tonnesinQ2,inlinewiththecorrespondingpriorperiod,and9%higherat175,000tonnesinH1。

MinedmetalproductionatAustraliawas14%higherat6,000tonnesinQ2and13%higherat13,000tonnesinH1。

CopperZambia

Minedmetalproductionwas16%higherat45,000tonnesinQ2,and14%higherat86,000tonnesinH1,ascomparedwiththecorrespondingpriorperiods,respectively。

Theincreasewasdrivenbyproductionramp-upatKonkoladuetofasterminedevelopment,andhigherthroughputfromthenewlycommissionedNchangaconcentrator。

Totalproductionofcoppercathodeswas17%higherat61,000tonnesinQ2,and8%higher110,000tonnesinH1。

Higherminedmetalproductioncontributedtoa42%increaseinintegratedproductionto47,000tonnesinQ2anda23%increaseto83,000tonnesinH1。

Productionfromcustomsmeltingwasaffectedbyloweravailabilityofthirdpartyconcentrate。

Aluminium

AluminaproductionattheLanjigarhrefinerywas205,000tonnesinQ2and423,000tonnesinH1,10%and6%lowerthanthecorrespondingpriorperiodsduetolowersupplyofthird-partybauxite。

Withreducedavailabilityofthird-partybauxite,weareevaluatingvariousoptionsincludingatemporaryshut-downofrefineryoperations,Vedantasaid。

Power

Powersaleswere2,350munitsinQ2and4,679millionunitsinH1,64%higherthanthecorrespondingpriorperiods。

ThisincreasewasprimarilyduetohigherpowersalesfromthreeunitsoftheJharsuguda2,400megwatt(MW)powerplant,operatingatavailabilityofover80%andplantloadfactorof50%inH1,withthefourthunitgeneratingundertrialrun。

Wecontinuetoworktowardsde-bottleneckingofourevacuationcapacity,andtargettoenhanceitbyanadditional1,000MWtransmissionbyQ4FY2013,Vedantasaid。

JH

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