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%

Response to press speculation 9 June 2015
Vedanta Resources Plc ("Vedanta", together with its subsidiaries, the "Group") and Vedanta Limited note the recent press speculation regarding the potential merger of Cairn India Limited ("CIL") and Vedanta Limited.

Vedanta is committed to maintaining its premium listing on the London Stock Exchange. Vedanta will make appropriate disclosures as and when required.

Regulatory Considerations
Should a transaction with CIL proceed, it could potentially be considered a reverse takeover, under Listing Rule L.R. 5.6.4 (1). In addition, in line with the Group's stated strategy to continue to simplify the Group structure, the Group continues to evaluate a transaction with the Government of India ("GoI") in relation to their minority stakes in Hindustan Zinc Limited ("HZL") and Bharat Aluminium Company ("BALCO").

If any of these transactions were to occur, they will in aggregate, as well as potentially the individual transactions between Vedanta Limited and each of HZL and Cairn India on a standalone basis, be considered reverse takeovers, under Listing Rule L.R. 5.6.4 (1).

Since Vedanta currently discloses detailed financial as well as operational information on each of Cairn India and HZL, as well as certain financial and operational information on BALCO, in its Annual Reports and periodic reporting (see references below), the directors of Vedanta consider that the publicly available information, specifically the publicly available information referenced in this announcement, contains sufficient information about the businesses to be potentially acquired, to provide a properly informed basis for assessing its financial position.

Credit Suisse note:
"This would be a major positive for VED by improving cash fungibility and reducing the debt burden at the Holdcos. Note: only minority shareholders can vote on any proposed deal and Cairn Energy and LIC are the major shareholders of Cairn India.
■ Restructuring goals: We think management's ultimate goal is to collapse all of the existing listings (Cairn India, Zinc India and Vedanta Ltd) in the Indian subsidiaries into one single listing under Vedanta Ltd and to also retain the Vedanta Resources Plc listing in London which provides financing and access to international markets and houses the international mining assets (KCM).
■ Balance sheet navigation through FY16: We expect the company to remain within its key debt covenants; however, the company has greater than $5bn of refinancing requirements in FY16/17 and without a simplification in the group structure, the high levels of debt at the holdcos will remain an ongoing issue.
■ Valuation: Our TP of £6.90 is based on a divisional SOTP methodology using an average 6x FY17E EV/EBITDA multiple.

StockMarketWire.com
Vedanta Ltd and Cairn India Ltd plan to merge. Minority shareholders in Cairn India will receive one Vedanta share and one redeemable preference share in Vedanta for each Cairn India share they hold.

Vedanta chairman Anil Agarwal said:
"The merger of Cairn India and Vedanta Limited consolidates our position as India's leading diversified natural resources champion, uniquely positioned to support India's economic growth.

"The independent Directors, at both Vedanta Limited and Cairn India, unanimously recommend the proposed combination. This marks a significant step towards achieving our stated long term vision of a simplified group structure with alignment of interests between all shareholders for the creation of long term sustainable value."

Cairn India Mayank Ashar commented:
"The merger with Vedanta Limited will generate additional value for our shareholders and de-risks Cairn India by providing access to a portfolio of diversified Tier-I, low cost, long-life assets, to deliver significant near term growth.

"Our Rajasthan fields continue to remain our core asset. The financial strength of the enlarged group will ensure greater access to capital to further Indian oil & gas development."

KEY HIGHLIGHTS OF THE MERGER:
· Implied premium of 7.3% to the previous close.

· Strategy remains unchanged, with continued focus on delivering attractive growth, sustainable development and long-term value for all shareholders.

· Commitment to growth and to sustain strong dividend distribution.

· Completion expected in first quarter CY 2016

STRATEGIC RATIONALE
· Diversified Tier-I portfolio de-risks earnings volatility and drives stable cash flows through the cycle.

· Improved ability to allocate capital to the highest return projects across the portfolio.

· Greater financial flexibility to sustain strong dividend distribution.

· Cost savings and potential re-rating to benefit all shareholders. The Transaction will contribute to further the streamlining of internal processes and improved productivity, beyond the previously announced $1.3 billion.

· Stronger balance sheet will allow for the overall cost of capital to be reduced.

· Consistent with stated corporate strategy to simplify the Group structure.

· Offers long term sustainable value enhancement for all shareholders.

StockMarketWire.com
Vedanta has announced that for its first quarter ended 30 June 2015 revenues were 4% lower than in the same period last year.

A 44% decline in crude oil prices was largely offset by higher revenues from Copper India.

EBITDA was lower by 29% due to the steep fall in crude oil prices and aluminium premia. It was also impacted by one-time expense related to a provision for Renewable Purchase Obligations (RPO).

Tom Albanese, Vedanta's chief executive officer, said: "In Q1 we saw continued volatility in commodity prices, but zinc has held up quite well in view of its strong fundamentals and is now the largest contributor to our EBITDA.

"We continue to focus on improving efficiency, costs, and enhancing production across our well-invested asset base. We have broken ground at the Gamsberg zinc project in South Africa and remain on track to re-start iron ore production at Goa following the monsoons.

"Our diversified business model supported by strong operating strengths and structurally low cost assets will enable robust long term returns to stakeholders."

StockMarketWire.com
Vedanta Resources has released to the market its latest production update.

Tom Albanese, its chief executive officer, Vedanta Resources, said: "In Q1 we saw continued volatility in commodity prices, but zinc has held up quite well in view of its strong fundamentals and is now the largest contributor to our EBITDA.

"We continue to focus on improving efficiency, costs, and enhancing production across our well-invested asset base. We have broken ground at the Gamsberg Zinc project in South Africa, improved production at Konkola mines in Zambia and remain on track to re-start iron ore production at Goa following the monsoons.

"Our diversified business model supported by strong operating strengths and structurally low cost assets will enable robust long term returns to stakeholders."

Were you in for the div harry, I bottled out for fear of it dropping and not being able to get out at a profit.

Yes I am, in a smallish way. Happy to hold here and will add when funds become available. This is really a long term investment for me, so not looking for fast profits (which is just as well!!). At some point the miners will turn around and start the slow cycle of higher commodity prices and lower overheads, so as long as they continue to pay a good div, I am happy to hold. Of course if they can't maintain the divi........then.......hmmmmmmmmmm

StockMarketWire.com
Vedanta Ltd has received the relevant consent, license and approvals to commence the iron-ore mining operations in the State of Goa for some of its leases.

The Company is likely to recommence operations from August 10, 2015 at its biggest mine at Codli in Sanguem taluka in Goa. Further the company has been granted approval for total extraction of 5.5 million metric tons of which Codli is 3.1 million metric tons.

Till date, five mining plans and schemes for Company's mines have been cleared by Indian Bureau of Mines and we are awaiting clearance of further 15 plans. Over the balance monsoon period we anticipate receiving these approvals and expect a full scale resumption post monsoon.

Even as India and in particular miners from Goa look to regain lost markets, Iron ore markets/prices are weak and the international trade environment remains challenging. We continue to work with central and state government to improve competitiveness of Indian exports.

Prior to the suspension of mining in 2012, India was the third largest exporter of Iron Ore and Vedanta Ltd was the largest Indian exporter of low grade Ores.

Mining operations in Karnataka resumed in February 2015.

Has done terrifically well from the 400p base and now through the 200DMA.

agreed harry, hope you are in? no funds available for me.,.

Yes I am still in, though with a small stake. Can't keep my eye on it all day now as out and about for the next month or so. Having to move money into mostly income stocks. One day the miners will be back in fashion, though not yet it seems.

Vedanta down about 12.4% today !
WOW I understand they are diversified with aluminium, iron ore, oil and probably
coal and many other things.

Glencore, is one of the largest companies in the world maybe about tenth largest
or thereabouts, also diversified miner / trader is down to multi year lows, probably
partly because they bought Extrata ( copper mining ).

StockMarketWire.com
Vedanta Resources has confirmed that it will announce its production results for the quarter and half year ended 30 September 2015, on Friday, 9 October 2015 at 7:00 a.m. UK time.

Up 17%?????? Presumably someone has had a preview of the results due?

It's all miners HARRY , gone crazy !

StockMarketWire.com
Vedanta said oil and gas production were up 6% in Q2, and that H1 output was in line with guidance. Average daily total gross operated oil and gas production in Q2 was 214,247 boepd.

CEO Tom Albanese:
"Our diversified asset portfolio has delivered a strong operating performance during the quarter, including record production from our tier-1 Zinc mines and lower costs at Copper-Zambia.

"We are continuing to drive efficiency improvements and optimise opex and capex across the business. While the near-term market outlook is challenging, we believe we have the right mix of commodities to benefit from future demand in India and globally."

The company continued:

"In light of the current market conditions, we are focused on optimising our opex and capex, increasing free cash flow and reducing net debt.

"During the quarter, several initiatives and programmes to generate cash savings, including a reduction of working capital, have been implemented across our businesses.

"These initiatives have resulted in an improved cost performance and lower net debt at the end of the quarter. Net debt at the end of the quarter is expected to be below US$ 8bn and we are confident of meeting our covenants at Vedanta Resources plc as at 30 September 2015."

Q2 Highlights:

· Oil & Gas: Q2 production up 6% and H1 production in line with guidance; Rajasthan production 3% higher at 168,126 boepd; Ravva and Cambay production 19% higher at 37,236 boepd

· Zinc-India: Strong mined and refined metal production; integrated silver production up 64%

· Aluminium: Stable volumes from existing smelters; cost reduction initiatives in progress; further pots at Jharsuguda-II smelter to ramp up in Q3

· Iron Ore: Mining operations recommenced at Goa

· Copper-India: Stable operations at 94% capacity utilisation

· Copper-Zambia: 12% higher mined metal production; lower cost of production

· Power: Unit-1 of Talwandi Sabo achieved 86% availability

· Continued optimisation of opex and capex to maximise free cash flow and reduce net debt.

Up nearly 13% at the moment no less.

Notice of FY2016 Interim Results

Vedanta Resources plc will announce its results for the half year ended 30 September 2015, on Wednesday, 4 November 2015 at 7:00 a.m. UK time (12:30 p.m. India time).

Following the release, a conference call will be held on the same day at 9:00 a.m. UK time (2:30 p.m. India time), where senior management will discuss the results.

20 October2015
Vedanta Resources plc
Clarification on media speculation.

Vedanta notes the recent media speculation about senior management changes. Vedanta strongly denies this speculation which is completely baseless and would like to state that Tom Albanese will continue to drive the Vedanta business and serve as the Group CEO.
Ms. Cynthia Carroll, who joined the group in September 2015, will advise the Chairman's office on matters of strategic importance to the company.

Record production from zinc mines at Vedanta:

StockMarketWire.com

Vedanta Limited has announced that in the second quarter ended 30 September 2015 its EBITDA improved by by 2%.

Tom Albanese, chief executive officer, Vedanta, said: "Our diversified asset portfolio has delivered a strong operating performance, including record production from our tier-1 Zinc mines, resulting in strong free cash flows during the quarter.

"We are continuing to drive efficiency improvements and optimise opex and capex across the business, taking measured steps to reduce net debt and maximise free cash flow. While the near-term market outlook is challenging, we believe we have the right mix of low cost assets fuelled with new technologies to benefit from future demand in India and globally."

At 10:26am: (LON:VED) Vedanta Resources PLC share price was -12.5p at 485.9p


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SP down 2.4% so far.