Vedanta Resources plc

Annual report 2009

Copper

Description

Vedanta is one of the largest copper producers in Asia and Africa, with mining and processing facilities located in Zambia, Australia and India.

506.8 million tonnes of Reserves and Resources of ore.

Key locations
Zambia

Konkola Mine
Nchanga Mine
Tailing Leach Plant
Nchanga smelter

Australia

Tasmania – Mt Lyell Mine

India

Tuticorin – Copper smelter & refinery
Silvassa – Copper refinery

 

 

India/Australia

The performance of our Copper India/Australia business in FY 2009 is set out below.

(in US$ millions, except as stated)     FY 2009 FY 2008 % change
Production volumes (in kt)          
Mined metal content     27 28 (3.6)
Cathode     313 339 (7.7)
Rod     220 225 (2.2)
Average LME cash settlement prices (US$ per tonne)     5,885 7,588 (22.4)
Average exchange rate (INR per US$)     45.91 40.24 14.1 
Unit conversion costs (US cents per lb)     3.1 1.8 72.2 
Unit conversion costs (INR per tonne)     3,138 1,563 100.8 
Realised TC-RCs (US cents per lb)     11.7 15.7 (25.5)
Revenue     2,537.9 3,118.8 (18.6)
EBITDA     293.7 327.2 (10.2)
EBITDA margin     11.5% 10.5%
Operating profit     242.9 284.9 (14.7)