Indian miner Vedanta Resources has announced its production and sales results for the first quarter ending June 30 of the financial year 2012-13.
Vedanta produced 3.4 million mt of iron ore in the first quarter of the current financial year, down 22.7 percent compared to the corresponding quarter of the previous year. The decrease in production was mainly due to the mining ban in the state of Karnataka and continued logistics constraints in Goa.
The company stated that there is also a temporary restriction on transportation of iron ore in South Goa from mid-June until mid-September 2012, but this is not expected to affect annual volumes given the lower shipments during the monsoon season.