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%

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).

StockMarketWire.com
Vedanta has issued subsidiary Vedanta Limited's Q3 and nine-month results.

HIGHLIGHTS
* Q3 FY2016 Revenues at Rs. 14,801 crore

* Robust EBITDA of Rs. 3,212 crore and 26% EBITDA margin, despite weak commodity prices

* Attributable PAT at Rs. 18 crore, primarily driven by lower oil and metal prices

* Generated free cash flow at Rs. 609 crore before growth capex

* Actively managing balance sheet, with a focus on optimising opex and capex to maximize free cash flow; refinancing and terming out maturing debt; and simplifying the group structure; Strong financial position with total cash & cash equivalents of Rs. 50,685 crore and undrawn committed facilities of c. Rs. 4,800 crore

* Zinc-India: Strong refined metal production; record refined silver production of 116 tonnes

* Oil & Gas: Stable Q3 production with 19 kbopd contribution from Mangala EOR; Rajasthan water flood operating costs continue to improve

* Aluminium: Record metal production; 7% lower cost of production q-o-q driven by cost optimisation initiatives; received approval for conversion of 3 units of 2,400 MW Jharsuguda IPP to CPP

* Copper-India: 89% utilisation, affected by floods and unplanned shutdowns

* Power: Second 660 MW unit of 1,980 MW Talwandi Sabo commissioned; 85% availability for both units

* Iron ore: Stable operations in Karnataka; slower ramp up in Goa due to transportation issues.

ANTO may be less volatile but it's certainly a much more solid company, and also of course majors in copper - keystone for the direction of other hard commodities

attached is also interesting, comparing ANTO (blue), KAZ (red) and VED (green) over the last year
currently nothing to choose between them

Very strong bounce on all of the miners over the last few days. I don't think anything has materially changed in the market, so expect the rally to fizzle out, but it just goes to show how well the sp can recover once demand for commodities increases.

Deutsche Bank today reaffirms its sell investment rating on Vedanta Resources PLC (LON:VED) and cut its price target to 185p (from 200p).

Looking at the VED chart amongst others, it's tempting to think that the commodity cycle has turned, as suggested by GLEN CEO yesterday.

of the 3 players above, VED is very much the laggard, with KAZ roaring through on the rails

It's difficult to judge whether this is the turning point or just a trading bounce / value trap. AAL is also steaming away, but looking overbought, imo. The other problem is knowing which companies are crippled by debt and unable to meet their covenants, thus unable to pay a divi, which are ripe for a t/o bid and which are going to survive.

i have heard that copper is the key to watch for base metal price recovery
both ANTO and KAZ major in this element, but i don't know about VED

Copper not exactly flying though is it ,that's why i don't quite get KAZ ,i'm not complaining though .

Any idea how to post a live copper chart here or on the KAZ page? I can find the data but not sure how to post from another website.

i'm a dinosaur with the brain of a brachiosaurus

http://www.kitconet.com/charts/metals/base/spot-copper-5y-Large.gif

http://www.kitconet.com/charts/metals/base/spot-copper-1y-Large.gif

good start, but better over a short(er) period :-)

aha ...... try this link
http://www.infomine.com/investment/metal-prices/copper/