Vedanta Resources plc

Annual report 2009

Aluminium

Description

Vedanta is one of the largest Aluminium producers in India with mining and processing facilities located in India.

120.5 million tonnes of Reserves and Resources of bauxite.

Key locations
India - Bauxite Mines

Niyamgiri
Mainpat
Bodai-Daldali
Pandrapat
Jamirapat
Yercaud
Kolli Hills
Poondi

Aluminium smelters

Korba
Jharsuguda

Alumina refinery

Lanjigarh
Korba

The performance of our Aluminium Business in FY 2009 is set out in the table below.

(in US$ millions, except as stated)     FY 2009 FY 2008 % change
Production volumes ( in kt)          
Alumina – Lanjigarh     586 267 119.5 
Alumina – Korba and Mettur     241 291 (17.2)
Aluminium – Jharsuguda     82    
Aluminium – Korba     357 359 (0.6)
Aluminium – Mettur     23 37 (37.8)
Sale of commercial power (in million units)     545 199 173.9 
Average LME cash settlement prices (US$ per tonne)     2,234 2,620 (14.7)
Average exchange rate (INR per US$) Unit costs     45.91 40.24 14.1 
Aluminium Business (US$ per tonne)2     1,702 1,771 (3.9)
Aluminium Business (INR per tonne)2     78,139 71,258 9.6 
BALCO Plant II – Production cost (US$ per tonne)     1,623 1,674 (3.0)
BALCO Plant II – Production cost (INR per tonne)     74,517 67,362 10.6 
BALCO Plant II – Smelting cost1 (US$ per tonne)     859 805 6.7 
BALCO Plant II – Smelting cost1 (INR per tonne)     39,436 32,385 21.8 
Revenue2     937.1 1,140.2 (17.8)
EBITDA2     196.1 380.7 (48.5)
EBITDA margin     20.9% 33.4%  
Operating profit     117.2 307.0 (61.8)
1 Smelting cost comprises production cost excluding alumina cost.
2 Excluding Jharsuguda operations as smelter is under trial runs.