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Sterlite Industries Q4 Mined Zinc-Lead Metal Production Up 7% Sequentially

Sterlite Industries India Ltd. (SLT: Quote) reported mined zinc-lead metal production of 223,000 tonnes in the fourth quarter, 7% higher sequentially. During the quarter, the Sindesar Khurd (SK) mine ramped up to contribute 24,000 tonnes metal-in-concentrate.

For the full year, mined Zinc-Lead metal production was marginally lower at 830,000 tonnes. For fiscal 2012-13, mined Zinc-Lead metal production is projected to be slightly higher than fiscal 2011-12.

Fourth-quarter refined Zinc production was marginally lower at 190,000 tonnes, and 6% higher at 759,000 tonnes for the year. Lead production for the quarter was 110% higher at 37,000 tonnes, chiefly due to the ramp-up of the new 100 ktpa Dariba Lead smelter, which contributed 18,000 tonnes.

Silver production totaled 88 tonnes in the recent quarter, 77% higher resulting from ramp-ups of the SK mine, the new 100 ktpa Dariba Lead smelter and the new Silver refinery, while full-year silver production was 35% higher at 242 tonnes.

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by RTT Staff Writer

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