Vedanta’s Zambian unit's copper output remains flat
JOHANNESBURG (miningweekly.com) – Output from London-listed Vedanta Resources’ copper unit in Zambia remained flat during the fourth quarter of the year.
This emerged as the unit battled a 25% increase in power tariffs in January, which impacted negatively on the cost of production, costing the miner $3-million a month.
The company was now exploring a range of possible solutions and was “in continued dialogue with the relevant stakeholders”.
During the fourth quarter to March, mined metal production inched up 1% quarter-on-quarter to 28 600 t, also rising 6% on a year-on-year basis to 123 000 t.
During the year to March 2016, the company’s integrated volume, while stable at 117 400 t, was lower than the mined metal output, owing to an increase in concentrate inventory. Custom volumes were at 64 300 t, 24% higher year-on-year owing to a biennial shutdown during the prior year and improved availability of third-party concentrate.
A biennial shutdown scheduled for the second quarter of 2017 would result in an increase in smelter throughput exceeding 80 t/h.
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