Vedanta Resources is a diversified and integrated metals and mining group with annual sales of $1.9bn. Its principal operations are located in India, where it has a major market share in each of our main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and 2 copper mines in Australia.

            Red = 25 day moving average.           Green = 200 day moving average.

                        

Copper - (6 month graph)

SALES PER ACTIVITY (Data as of 31/03/2006)

Copper:      60%
Zinc:         24%
Aluminium:  12%
Others:       4%

Copper Falls; BHP May Replace Striking Chilean Mine Workers

By Katy Watson

Aug. 22 (Bloomberg) -- Copper prices fell as supply concerns eased after BHP Billiton Ltd. said it plans to hire workers to replace striking union members at Chile's Escondida, the world's biggest source of the metal.

Prices have more than doubled in the past year, partly because of supply disruptions. The mine is running at 40 percent to 50 percent of capacity, BHP spokeswoman Alejandra Wood said. Almost 1,900 workers rejected BHP's latest wage offer. Escondida accounted for 8.5 percent of global mining output last year.

``It's bearish for prices if they are going to stump up production,'' said Sean Corrigan, chief investment strategist at Lausanne, Switzerland-based Diapason Commodities Management SA, which overseas about $5 billion in assets.

Copper futures for December delivery fell 1.15 cents, or 0.3 percent, to $3.478 a pound on the Comex division of the New York Mercantile Exchange. A futures contract is an obligation to buy or sell a commodity at a set price for delivery by a specific date.

Copper for delivery in three months dropped $30, or 0.4 percent, to $7,620 a metric ton at 6:30 p.m. on the London Metal Exchange. Before today, prices had jumped 75 percent this year.

BHP also invited workers to agree to individual contracts. Chilean law allows strikers to negotiate separately to return to work 15 days after a strike begins. The walkout began Aug. 7.

Escondida's workers are asking for a greater slice of record profit from Melbourne-based BHP Billiton. The company will say tomorrow net income for the six months ended June 30 jumped to $6.34 billion, according to the median estimate of five analysts surveyed by Bloomberg News.


Codelco

Chile's state-owned Codelco, the world's biggest producer of the metal, will begin labor talks later this year. Analysts including John Meyer at Numis Securities in London said the Escondida strike may trigger protests.

``Mine workers are closely watching the potential for settlement at Escondida and may seek to achieve similar improvements in salary and bonus,'' Meyer said. ``BHP may be reluctant to yield to union demands on base salaries because of the knock-on effect within the industry.''

Copper inventories monitored by the LME have climbed 26 percent this month, helping to weigh down prices.

``We've seen quite a healthy build during August,'' said Nick Moore, a London-based analyst at ABN Amro Holding NV.


Demand Slowdown

Global economic growth may slow, curbing metals demand, said Stephen Briggs, an analyst at Societe Generale, one of the 11 companies trading on the floor of the LME. The metal is used in wires and pipes.

There is a ``sense growth is set to slow significantly'' in the next 12 months, he said.

German investor confidence plunged to a five-year low in August on concern rising interest rates and taxes will hamper growth in Europe's largest economy.

The ZEW Center for European Economic Research index of institutional and analyst expectations dropped to minus 5.6, the lowest since June 2001, from 15.1 in July, the institute said in Mannheim today.

Vedanta Resources PLC
23 August 2006

23rd August 2006


VEDANTA RESOURCES PLC (the 'Company')

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS /PERSONS DISCHARGING MANGERIAL
RESPONSIBILITY AND /OR CONNECTED PERSONS

1) NAME OF COMPANY

VEDANTA RESOURCES PLC

2) NAME OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY

TARUN JAIN

3) Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of an non-beneficial
interest.

IN RESPECT OF HOLDING OF PERSON DISCHARGING MANAGERIAL RESPONSIBILITY NAMED IN 2
ABOVE

4) Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them. (If notified)

Tarun Jain

5) Please state whether notification relates to a person(s) connected with the
Director /persons discharging managerial responsibility and /or connected
persons named in 2 above and identify the connected person(s)

N/A

6) Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

GENERAL SALE AT MARKET PRICE

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued Class

N/A

9) Number of shares/amount of stock disposed

35,000

10) Percentage of issued Class

0.012%

11) Class of security

US$0.10 ORDINARY SHARES

12) Price per share

30,000 shares at 13.48 per share

5,000 shares at 14.09 per share

Well that bit of news didn't have a lot of effect on the SP so far did It?

Price around last night's closing last time I looked.

ET So much for rumours.

I think you are short. Hope so.

S Price going up again this morning.

Fred1new.

I'm also under that impression.

I'd take that as a buy then.

Going up as I type.

Strange the market didn't think the same and SP seems to be up into current trend!!!!!

This outfit's share movements are beginning to Intrigue me.

1. Yesterday when some of the other miners were up early part of the day, VED was the last to respond.

2. Today just the opposite.

I now want out of these to free up money for other opportunities when they arise but something keeps saying "not quite yet old chap".

I know the feeling Stan.

But now the price has got over the 14 mark, I'm going to stay put.

KD.

Me to...I think, trouble Is I seem to change my mind with this lot every time I give It more thought -:)

Suppose I should just stop thinking-:)

Out at last, sold the lot...needless to say It ticked up a few just after!

Profit's a profit.