Vedanta’s Mines Reach All-time High

In its most recent quarterly report, Vedanta reported mined metal production from underground mines for Q2 FY2019 was at an all-time high of 232,000 metric tons (mt), up 10% sequentially and 44% y-o-y driven by 33% y-o-y increase in ore production. Total mined metal production increased by 10% sequentially and 6% y-o-y after the closure of open-cast operations last year.

Mined metal production from underground mines for H1 was 444,000 mt, 27% higher from a year ago even as the closure of open-cast operations caused total mined metal production to decline 2% y-o-y.

Integrated metal production was 212,000 mt, flat sequentially and down 8% from a year ago. Integrated zinc production was down 5% sequentially and 16% y-o-y to 162,000 mt due to temporary mismatch in zinc mined metal availability even as mine production ramped up towards the latter half of the quarter. Integrated lead production jumped by 17% sequentially and 30% y-o-y to 49kt. The pyro metallurgical smelter was retrofitted to produce more lead metal considering the higher availability of lead mined metal leading to higher lead production. Integrated silver production was up 25% sequentially and 23% y-o-y on account of higher lead production and higher Sindesar Khurd mine production & better silver grades.

As featured in Womp 2018 Vol 11 -