Indian miner Vedanta Resources has announced its production and sales results for the fourth quarter and the full financial year 2011-12 ending March 31, reporting a lower iron ore production for the year due to the continued mining ban in Karnataka, and transport and logistics bottlenecks in Goa.
Vedanta produced 4.9 million mt of iron ore in the last quarter of the financial year, down 11 percent compared to the corresponding quarter of the previous year. In the financial year 2011-12, iron ore production decreased 26.5 percent year on year to 13.8 million mt.
The company also stated that expansion of the pig iron capacity to 625,000 mt per year and metallurgical coke capacity to 560,000 mt per year are progressing as planned and scheduled to be commissioned in the first quarter.