Higher bauxite sourcing helps Vedanta cut alumina-making cost by 8%

摘要

Higher sourcing of bauxite from local supplies helped Vedanta to prune cost of making alumina at its Lanjigarh refinery by 8 per cent year-on-year (y-o-y) to $269 per tonne in Q3 of this fiscal. Alumina production at Lanjigarh was up 16 per cent y-o-y to 476,000 tonnes. Lower alumina costs also led to cut in Cost of Production (CoP) of aluminium at $1691 per tonne. Vedanta Ltd said at a recent investor presentation that local bauxite was now meeting over half of the company's total requirement.During April-December 2019, output at Lanjigarh refinery was up 24 per cent to reach 1.33 million tonne (MT) whereas the cost of production was down 16 per cent y-o-y at $281 per tonne. Pursuant to falling alumina costs and structural cost reduction measures embarked on by Vedanta, aluminium CoP during this period fell 12 per cent to $1769 per tonne.