Information  X 
Enter a valid email address

Vedanta Resources (VED)

  Print      Mail a friend       Annual reports

Tuesday 11 October, 2005

Vedanta Resources

Production Report

Vedanta Resources PLC
11 October 2005



11 October 2005


Vedanta Resources plc
Production Report for the six months ended 30 September 2005


Highlights

   •Copper ex pansion ramping up ahead of schedule
   •Zinc ramp up progressing as per plan
   •Progressive commissioning of Korba new smelter on track

Summary

Production volumes across all metals are higher than in the corresponding six
months of the previous year. The ramp up of our copper expansion project at
Tuticorin has been better than expected with output close to rated capacity
being achieved. Ramp up of the zinc expansion project at Chanderiya is
progressing well and in line with plan. The Aluminium expansion project is on
course for its completion as per schedule and 81 pots out of 288 are
operational.

Aluminium

The existing plants at BALCO and MALCO continue to operate at full capacity.
Productivity enhancement measures continue to yield good results. With the
commissioning of the second power plant recently at BALCO, a total of 81 pots
have been made operational at the new smelter. The remaining pots will be
commissioned progressively by March 2006, as scheduled. Production in the first
half includes 12,000 tonnes from the trial run of new pots.

The Alumina refinery in Orissa is progressing on track and is currently 60%
complete. The committee appointed by the Supreme Court Of India has submitted
its report. With this the process of obtaining the necessary environmental
approval for the mine will now move forward.

Copper - India & Australia

With 68,000 tonnes of cathode production in the second quarter, the ramp up of
the new copper smelter is nearly complete and the plant is expected to stabilize
at its rated capacity by the end of this quarter.

Mine production in Australia now reflects the closure of operations at Thalanga
Copper Mines in July 2005.

Copper - Zambia

Production at Konkola Copper Mines in Zambia is in line with the previous
quarter except for lost time due to industrial action by workmen in the month of
July 2005. Management quickly resolved this and the operations were brought back
to normal within a fortnight. Work on the new acid plant is progressing well and
is expected to be commissioned by end of this quarter.

Zinc

Expansion & ramp up of the Rampura Agucha mine is reflected in the substantial
increase in the production of zinc concentrate. Refined zinc production at
123,000 tonnes in the first six months reflects the progressive ramp up of the
new hydro plant at Chanderiya. During the second quarter, approximately a
fortnight's planned shutdown was instituted at Chanderiya pyro plant for
maintenance and de-bottlenecking. However, sales quantities were matched to
market demand by filling the gap by tolling of about 25,000 tonnes of refined
zinc.

Interim results

The restatement of financial statements under IFRS was completed and the
announcement of the restated results was made on 27 September 2005. Results for
the six month period ended 30 September 2005 under IFRS will be announced on 24
November 2005.

Unaudited Production Summary:

                       -----------------                  -----------------
                          Six Months                        2nd Quarter
                           ('000 t)                           ('000 t)
                       -----------------                  -----------------
                          ------      -------      ------    ------    -------
                2005-06   2004-05       Change     2005-06   2004-05    Change
 ----------    --------- ------ ---    -------      ------  ------ ---  -------
Alumina           142       130          9.2%         71        64       10.9%

Aluminium          82        66         24.2%         46        32       43.8%

Copper - India / Australia

Copper -
mined             
metal
content            18        20       -10.0%           8         9      -11.1%

Copper -
Cathode           124        77         61.0%         68        44       54.5%

Copper -           
Rod                80        53         50.9%         41        27       51.9%

Copper - Zambia(1)

Copper -
mined              
metal
content            54         -            -          29         -          -

Copper -
Cathode            81         -            -          37         -          -

Zinc -
mined             
metal
content           220       167         31.7%        106        85       24.7%

Zinc -            
refined           123       104         18.3%         66        54       22.2%


(1)There is no comparative data for KCM as these were acquired in November 2004.

For further information please contact:

Sumanth Cidambi, Associate Director               +91 22 5646 1444
Investor Relations
Vedanta Resources plc

Ajay Paliwal                                      +44 20 7499 5900
Deputy Chief Financial Oficer             
Vedanta Resources plc

James Murgatroyd                                  +44 20 7251 3801
Robin Walker
Finsbury


Notes to Editors

Vedanta is a London listed diversified metals and mining group.  Our principal
operations are located throughout India, with further operations in Zambia and
Australia.  The major metals produced are aluminium, copper, zinc and lead.






                      This information is provided by RNS
            The company news service from the London Stock Exchange