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%

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


Story provided by StockMarketWire.com.

SP down 2.4% so far.

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Vedanta cuts dividend http://www.moneyam.com/action/news/showArticle?id=5145865

Summary of above RNS:

StockMarketWire.com
Vedanta has posted an H1 pretax profit of USD243.7m, down from USD639.6m. Revenue was USD5.7bn, from USD6.5bn. It said there would be no interim dividend due to current market volatility, but promised to review the matter at year's end.

Chairman Anil Agarwal commented:
"We have delivered a sound financial performance over the past six months and maximised free cash flow, while facing challenging commodity markets.

"This accomplishment is attributable to cost optimisation across our diversified asset portfolio. As India's only diversified natural resources company, Vedanta's exposure to meeting the country's future resources demands enhances our growth opportunities, in addition to our global prospects.

"I am confident that our talented team of professionals, who are committed to a sustainable future, will ensure that Vedanta continues to create significant value for all shareholders and benefit communities wherever we operate."

Financial Highlights:
* Revenue of US$5.7 billion and EBITDA(1) of US$1.3 billion, 12% and 39% lower than H1 FY2015 respectively, primarily due to lower commodity prices

* EBITDA margin (adjusted)(2) of 30% (H1 FY2015 : 43%)

* Underlying (Loss)/Earnings Per Share(3) of (57.6) US cents (H1 FY2015: 9.4 US cents)

* Basic (Loss)/Earnings Per Share of (117.7) US cents (H1 FY2015: (4.7) US cents), primarily due to lower commodity prices

* Free cash flow after growth capex of US$1.3 billion (H1 FY2015:US$0.2 billion)

* Gross debt reduced by US$0.2 billion to US$16.5 billion (US$0.7 billion over 1 year)

* Net debt reduced by US$0.9 billion to US$7.5 billion (US$1.5 billion over 1 year)

Business Highlights:
* Strong mined and refined metal production at Zinc India; integrated silver production increased 50%

* Oil & Gas: Q2 production up 6% on Q2 FY2015; H1 FY2016 production in line with guidance

* Aluminium: stable volumes from existing smelters with cost reduction initiatives in progress; further pots at Jharsuguda-II smelter to commence ramp-up in Q3 FY2016

* Copper India: stable operations with 96% capacity utilisation

* Iron Ore: approvals received for all major mines at Goa, and mining recommenced at 2 mines; export duty reduced from 30% to 10% for less than 58% Fe iron ore, effective from 1 June 2015

* Power: TSPL first unit achieved 71% availability during H1 FY2016; 86% in Q2 FY2016

Credit Suisse today reaffirms its underperform investment rating on Vedanta Resources PLC (LON:VED) and cut its price target to 230p (from 430p).