London: Indian-focused mining group Vedanta Resources Plc posted a 15.6 percent rise in second quarter output of refined zinc and a 27.3 percent increase in iron ore, its two most important minerals.
The London-listed firm said on Thursday refined zinc production rose to 141,000 tonnes in the three months to end September while saleable iron ore output gained to 3.26 million tonnes.
In the first quarter, zinc accounted for 44 percent of earnings before interest, tax, depreciation and amortisation (EDITDA) and iron ore for 24 percent.
"Production in the second quarter was broadly in line with our expectations. Our zinc, copper and aluminium operations in India operated at their rated capacity, whilst our iron ore business performed well considering the seasonal monsoons," a statement said.
Output of copper cathodes in India rose 12.4 percent to 91,000 tonnes, while in Zambia it fell 5.4 percent to 35,000 tonnes following the planned shutdown of the Nchanga smelter for maintenance.
In July, Vedanta said first-quarter core earnings more than halved despite higher production after a sharp decline in metals prices.
Bureau Report
First Published: Thursday, October 08, 2009, 12:46