Indian miner Vedanta Resources has announced its production and sales results for the fourth quarter and the full financial year ending March 31.
Vedanta stated that its iron ore operations have continued to be affected by suspension of mining in Goa and Karnataka. In the fourth quarter of the financial year 2012-13, Vedanta reported no iron ore production from its Goa and Karnataka operations. Iron ore output from Goa in the full financial year amounted to 3.7 million mt, down 73 percent year on year.
In the full financial year, iron ore sales from Goa stood at 3 million mt, 80 percent lower compared to the previous year, while iron ore sales from Karnataka were 110,000 mt through court-sponsored e-auctions of inventory.
In the fourth quarter, Vedanta produced 104,000 mt of pig iron, up 75 percent, while its metallurgical coke output amounted to 94,000 mt, increasing by 48 percent, both year on year. In the full financial year, Vedanta's pig iron output increased by 24 percent year on year to 308,000 mt, while its metallurgical coke output was 331,000 mt, 29 percent higher compared to the previous financial year.