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%

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.

Yep true enough K, by the way lots of Interesting rather large buys In the after 4.30 finish I see.

Could be a very rewarding session for all you holders tomorrow.

Good luck all.

Vedanta Resources PLC announced a slew of projects that is expected to enable Zambia's Konkola Copper Mines (KCM) to nearly treble its copper production.

The projects will allow KCM, in which Vedanta holds a 51 pct stake, to raise output from 2.4 mln tonnes to 6 mln tonnes thus extending its lifespan to 2035, KCM chairman Navin Agarwal said.

'The total investment in these projects is 750 million dollars. This is the single largest investment in Zambia to date,' Agarwal said.

He said KCM has awarded contracts to several international firms to develop the untapped Konkola Deep Mining Project (KDMP), as well as construct a new smelter and acid plant which will be completed in 2009.

The new smelter plant will produce 250,000 tonnes of copper while an acid plant will manufacture 1,700 tonnes of acid per day, Agarwal said.

'KCM will have created the capacity within Zambia to treat all the copper concentrate that will be produced by other stand alone copper mines, thereby enabling the country to export value added finished copper rather than exporting raw material concentrate,' Agarwal said in a statement.

KCM is Zambia's largest mining company with a work force of 10,000 workers.

Vedanta Resources is a London-listed Indian mining group which bought 51 pct stake in KCM in November 2004, two years after South African mining firm Anglo American Corporation withdrew from KCM.