Message Mar 31 Juil 2012 09:01

VEDANTA Copper ― Zambia

Copper ― Zambia

Mined metal production was 41,000 tonnes, 12% higher than the corresponding prior quarter with the ramp-up of the new Nchanga East concentrator in Q1. Integrated production was 4% higher at 36,000 tonnes.

EBITDA was lower at US$ 87.7 million primarily on account of lower prices and an increase in the royalty rate. The royalty rate increase from 3% to 6% came into effect from 1 April 2012.

The new 3mtpa Nchanga West concentrator is under commissioning, and is expected to be commissioned during the current quarter. The KDMP bottom shaft loading is progressing on schedule, and is expected by Q3 FY 2013.