Indian miner Vedanta Resources has announced its production and sales results for the third quarter and first nine months ending December 31.
In Karnataka, following clearance from the Supreme Court of India and having obtained other statutory clearances, Vedanta resumed mining operations on December 28, 2013 at an initial capacity of 2.29 million mt per year. The company is ramping up production to a run-rate of around 500,000 mt per month and expects to commence sales through auction shortly. In Goa, sale of inventory through e-auction is expected to commence shortly as well.
In the third quarter, Vedanta produced 139,000 mt of pig iron, up 67 percent, while its metallurgical coke output amounted to 116,000 mt, increasing by 28 percent, both year on year. In the first nine months, Vedanta's pig iron output increased by 85 percent year on year to 377,000 mt, while its metallurgical coke output totaled 289,000 mt, 22 percent higher compared to the same period of the previous financial year.