Vedanta Resources reports record full-year oil and gas outpu

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Laf1986

Messages: 4998

Inscription: Jeu 30 Juil 2009 19:54

Message Jeu 10 Avr 2014 10:06

Vedanta Resources reports record full-year oil and gas outpu

Record oil and gas output
- Mined metal production at Zinc India up slightly
- Copper production falls

Vedanta Resources said it reached record full-year production of oil and gas, driven by the ramp-up of the Rajasthan block in India.

The company achieved 218,651 barrels of oil equivalent per day (boepd) in the year ended March 31st 2014, up 6% on 2012′s 205,323 boepd.

At the Zinc India business, mined metal production grew by 1% to 880,000 tonnes, as the second half of the year experienced a slower-than-expected ramp-up of underground mining projects.

Full-year integrated production of refined zinc, lead and silver increased by 13%, 10% and 4% respectively.

Iron ore sales came to 27,000 tonnes on production of 1.5m tonnes, after resuming mining on December 28th 2013 at Karnataka.

Copper production in India and Australia fell 17% to 294,000 tonnes due to the temporary closure of the Tuticorin smelter in the first quarter of 2014.

In Zambia copper output dropped 19% to 128,000 tonnes, due to unscheduled stoppages at the Konkola underground mine.

Aluminium output was down 1% to 524,000 tonnes after restarting the Lanjigarh alumina refinery in July 2013.

- See more at: http://www.ifamagazine.com/news/vedanta ... VZqVT.dpuf
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Laf1986

Messages: 4998

Inscription: Jeu 30 Juil 2009 19:54

Message Jeu 10 Avr 2014 10:08

Re: Vedanta Resources reports record full-year oil and gas o

Mined metal production was 19% lower in Q4, as compared with the corresponding prior period,
due to lower ore production at Konkola and Nchanga underground mines. Production at Konkola
was affected by unscheduled stoppages at shaft 1 & 4, with the mid-shaft level of shaft 4 resuming
operations during the quarter. Shaft 1 became operational in the first week of April. Mined metal
production also includes TLP primary copper production of 13,400 tonnes which was 6% lower due
to lower grades. For the full year, mined metal production was lower primarily due to suspension of mining
operations at COP F&D since January 2013.
We are focussed on increasing volumes at the Konkola mine, with recent progress made towards
augmenting talent in the underground mining team, and implementing productivity improvement
measures. Custom volumes remained constrained by blending challenges and underlying
commercial issues of recovery of VAT credit from the Zambian government.

Retourner vers About Konkola KCM - Vedanta

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