Vedanta copper output in Q4 up by almost a fifth

Vedanta copper output in Q4 up by almost a fifth
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First Published: Thu, Apr 12 2007. 12 24 AM IST
Updated: Thu, Apr 12 2007. 12 24 AM IST
Vedanta Resources Plc., India’s largest maker of copper, produced 19% more of the metal in its fiscal fourth quarter. Refined zinc output gained 3.3%.
Production of finished copper plates, called cathodes, from plants in India, Australia and Zambia rose to 89,000 tonnes in the three months ended 31 March, from 75,000 tonnes a year earlier, London-based Vedanta said in a statement on 11 April. Zinc output increased to 95,000 tonnes, from 92,000 tonnes.
Vedanta is among a number of mining firms which have boosted capacity to cope with booming demand for industrial metals in China, the world’s fastest-growing economy and biggest consumer of copper, zinc and nickel.
Copper cathode production for the fiscal rose 15% to 313,000 tonnes, while zinc was up 23% to 348,000 tonnes. Aluminium output jumped 67% to 351,000 tonnes after capacity was increased at its Korba smelter, the company said.
The 6,000 tonnes of copper produced from Vedanta’s Australian mines in the quarter ended 31 March was lower than in the same period last year after a rock-fall halted operations for two weeks, the company said.
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First Published: Thu, Apr 12 2007. 12 24 AM IST
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