Vedanta Limited, led by billionaire Anil Agarwal, capped the 2010 exercise with a list of production milestones. The mining conglomerate, now sailing in a large split, said its highest aluminum production for the fourth quarter and the full exercise. His zinc arm, Hindustan Zinc (HZL), has also provided record peaks in the production of mined and refined metals, solidifying Vedanta’s position through the main raw materials.
Vedanta has displayed historical summits in aluminum and zinc production, while recording strong gains through iron ore, steel, oil and gas and electricity segments.
Annual aluminum production reached 2,421 kt, up 2% in annual sliding, with fourth quarter production increasing by 1%. Alumina production has climbed 9% per year, reinforced by expansion projects. However, quarterly production was faced with temporary supply chain problems that were resolved at the end of the quarter.
Zinc India recorded its highest extracted metal production at 1,095 kt and a metallic production refined at 1,052 kt – both by 2% compared to last year. Mine production in the fourth quarter jumped 17% sequentially, driven by richer grades of ore in Agucha and Zawar, while refined metal production increased by 4%. Silver production has increased 10% during the quarter.
Zinc International experienced an increase of 52% in annual sliding of extracted metallic production and a sequential increase of 9%, led by an improved speed in Gamsberg and better notes at BMM. The production of the fourth quarter of Gamsberg has climbed 89% in annual sliding and 15% sequentially due to improved recovery.
The production of oil and gas from OALP blocks reached 3.5 kboepd during the quarter, helped by a rise in power to discover Jaya. In all assets, the annual production operated per gross was on average 103.2 kboepd.
The exit from the iron ore climbed 36% sequentially in the fourth quarter, fueled by increased use of stocks at Iok and mines at IOG.
Pig Iron Production has reached a record, increasing 4% in annual shift. Steel power has gained 4% per year and 8% sequentially, supported by a higher production in hot metals and operational efficiency. Ferro chrome production under the factor increased 4% in annual sliding.
COPPER India declared an increase of 41% in annual sliding of production in the fourth quarter, contributing to an annual increase of 6%.
Energy sales increased by 18% sequentially in the fourth quarter. TSPL annual sales amounted to 10,230 million units with an 81%factory availability factor. Balco posted a sequential increase of 15% and 18% in annual sliding of energy sales of the fourth quarter, while the production of wind energy from HZL increased by 33% sequentially. Jharsuguda electricity sales jumped 28% during the quarter.
