Vedanta’s Mines Reach All-time High
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.