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India's Vedanta reports increase in zinc production in 9M22

Vladimir Basov

Kitco News

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(Kitco News) - Indian mining giant Vedanta today reported its highest ever 9M22 (nine months ended 31 December 2022) mined zinc metal production in India at 761kt, up 5%YoY with higher ore production, improved mined metal grades and operational efficiency.

The company said that the International Zinc division’s 9M22 mined metal production grew 25%YoY to 210kt, in line with ramp-up at Gamsberg, further supported by higher zinc recoveries at Gamsberg and better lead grades at BMM; Gamsberg achieved highest ever 9M production at 159kt, up 27%YoY.

Vedanta added that Karnataka saleable iron ore production in December quarter increased by 32%QoQ to 1.4 million tonnes, while pig iron production was higher by 66%QoQ as 2QFY23 was impacted by shut down in smaller blast furnace.

Vedanta is a leading global natural resources conglomerate operating across India, South Africa, Liberia and Namibia, with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power.

Vedanta indicated it is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations.

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By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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