Vedanta Resources plc

Annual report 2009

Iron Ore

Description

Vedanta is the largest Iron ore producer-exporter in Asia, with mining and processing facilities at various locations in India.

239.8 million tonnes of Reserves and Resources of ore.

Key locations
India

Goa
Orissa
Karnataka

 

 

The performance of our Iron Ore business in FY 2009 is set out in the table below.

(in US$ millions, except as stated)     FY 2009 FY 20081
Production volumes (kt)
Saleable ore 15,986 11,469
Pig iron 217 248
Sales volumes (kt)
Iron ore 15,103 11,287
Pig iron     224 244
Revenue 1,070.4 888.9
EBITDA 557.1 585.6
EBITDA Margin 52.1% 65.9%
Operating Profit     348.0 420.0

1 Information is presented for the post acquisition period of 11 months through 31 March 2008 and is not directly comparable with the current period.

Sesa Goa has set itself an ambitious growth vision and has taken several initiativ es towards implementing this plan through an accelerated debottlenecking programme, performance improvement measures and capability building with active support from our other Group companies.