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%

No but wishing I was for a quick quid.

I know, up again today I see.

I wonder if there will be a lot of profit taking sometime this month to complete the profit/loss for the tax year. Am expecting / hoping for a reversal soon. Sp seems to be running out of steam, imo.

Not bad time to get in HarryCat

bullshit!
now is NOT the time to be going long of base metal stocks

The copper price is dropping and opinion seems to suggest that the recent price movement in commodity stocks has got ahead of the market, so am happy to wait awhile. My opinion is that investors in these big market cap miners need to look at least medium term for a decent return on investment, so I suppose it doesn't really matter if you catch the absolute bottom of the cycle. My guess is that VED will go sub 300p, so will certainly be looking to add somewhere between 250 - 300p. Likewise maybe AAL, BLT, RIO, LMI, APC, ANTO etc.
A great deal of credence was given to the article by the CEO of GLEN that the commodity cycle was near to the bottom, so am ready with cash !!!

Deutsche Bank today upgrades its investment rating on Vedanta Resources PLC (LON:VED) to hold (from sell) and raised its price target to 260p (from 185p).

Jefferies International today reaffirms its underperform investment rating on Vedanta Resources PLC (LON:VED) and raised its price target to 200p (from 150p).

Credit Suisse today reaffirms its underperform investment rating on Vedanta Resources PLC (LON:VED) and raised its price target to 250p (from 230p).

4th Quarter update http://www.moneyam.com/action/news/showArticle?id=5288831

Looks quite positive ...

FTSE 250 metals and mining company Vedanta Resources reported record annual production of aluminium, electricity, silver and Copper India cathodes in its fourth quarter production release on Monday morning.

The firm also revealed stable oil and gas production from Rajasthan for the quarter, mined metal production in line with guidance at Zinc India, strong production volumes for its Zinc International businesses, and continued strong production for the year at Copper Zambia.

"We are continuing to optimise production across our portfolio to generate maximum value in a low commodity price environment and remaining focussed on reducing costs to protect margins," said Vedanta Resources CEO Tom Albanese.

Good time to pile in on Vedanta... sp moving up

.

Incredible turnaround in the sp.

Not been following mining stocks, are the others up as well?

Most have been rising over the last 4 months. Brokers now think that they are overvalued, but who knows? Mining stocks are mostly cyclical, so just depends on whether you think the bottom has been and gone.

StockMarketWire.com
After-tax profits at Hindustan Zinc - a subsidiary of Vedanta Resources - were virtually flat at Rs8,167Crore in the year to the end of March (2015: Rs8,178Crore).

Revenues were 8% lower at Rs10,158Crore despite record annual integrated zinc, lead and silver production - up 5%, 33% and 58% respectively.

Mined metal production in line with guidance, marginally higher than FY 2015.

Net zinc metal cost per MT before royalty was Rs. 52,646 ($804), which is 8% lower in dollar terms and marginally lower in rupee terms due to higher volumes of integrated production, better smelter efficiencies, lower coal & commodity costs, partly offset by lower average grades due to change in mining mix and higher mine development. Looking at the recent commodity price downturn, the company has re-negotiated several contracts to optimize costs and expect this to translate into significant savings in FY 2017.

Ever since Fred gave me the tip-off about Ved. more then 10 or so years ago they have never let me down, The fact they seem to have quite a wide variety of metals mined and also some nuclear interest if I'm not mistaken gives them quite a spread of interests.

They are also based in India which like China are an emerging consumer economy, they pay a dividend as well.

Appointment of Non-Executive Director
Vedanta Resources Plc ("Vedanta") today announces that Mr Ravi Rajagopal has been appointed as a Non-Executive Director with effect from 1st July 2016. He will also be a member of the Audit Committee.

Mr. Ravi Rajagopal joined Diageo plc in 1997, where he worked in various roles until 2015. He was the Global Head of Business Development of Diageo plc from July 2010. His other roles included CFO for Europe and Group Financial Controller. Prior to joining Diageo plc, Mr. Ravi Rajagopal worked with ITC India (a BAT plc subsidiary in India) where he also held a variety of senior positions both in finance and general management. He is also a Non-Executive Director of United Spirits Limited, India.

Mr Euan Macdonald has decided to step down from the Board following the conclusion of the Company's 2016 Annual General Meeting having served as a Non-Executive Director for eleven years.

Mr Aman Mehta has agreed to continue for a further one year on the request of the Board following a recommendation from the Nomination Committee. The Nomination Committee will continue reviewing the composition and membership of the Board.

Preliminary Results for the Year Ended 31 March 2016
Financial Highlights
n Revenue of US$10.7 billion and EBITDA(1) of US$2.3 billion, lower than FY2015 primarily due to lower commodity prices (FY2015 Revenue: US$12.9 billion, FY2015 EBITDA: US$3.7 billion)
* Adjusted EBITDA margin(2) of 28% (FY2015: 38%), driven by low commodity prices
* Free cash flow(3) of US$1.7 billion, up 63% (FY2015 US$1.0 billion), driven by optimisation of operational, capital expenditure and working capital initiatives
* Net debt reduced by US$1.1 billion and gross debt reduced by US$0.4 billion during the year
* Underlying (loss) per share(4) of (131.9) US cents (FY2015: (14.2) US cents)
* Basic loss per share of (665.8) US cents primarily due to a non-cash impairment of US$3.3 billion (net of tax) and lower EBITDA, reflecting lower commodity prices
* Covenant modifications on bank loans at Vedanta Resources plc secured until the period ending 30 September 2018 and complied with as on 31 March 2016
* S&P downgraded issuer credit rating from 'BB' to 'B' and Moody's downgraded its corporate family rating from 'Ba1' to 'B2' due to weak commodity prices
- S&P subsequently revised the outlook to 'Stable' in April 2016

* Hindustan Zinc Limited announced its highest ever special dividend in Q4 (c. US$1.8 billion including dividend distribution tax)
* Final dividend of 30 US cents per share
* Simplification of the group structure continues to be a priority
Business Highlights
* Record production of zinc, lead and silver at Zinc - India; aluminium, power and copper cathodes at Copper - India
* Commenced ramp-up of capacities at Aluminium, Power and Iron Ore divisions
* Entire power portfolio of 9,000 MW now operational
* Successful implementation of Mangala Enhanced Oil Recovery Program
* Recommenced production at Goa iron ore operations, achieved exit run rate production of 0.8 million tonnes per month
* Strong cost performance, with lower cost of production across all businesses; cost savings of c.US$325 million delivered in the year

Anil Agarwal, Chairman of Vedanta Resources Plc, commented: "Vedanta demonstrated resilience this year, delivering healthy EBITDA margin, strong free cash flow and lower gross & net debt in a volatile commodities market. We achieved record production in zinc, lead, silver at Zinc India; Aluminium, Power and Copper cathodes. There is a huge opportunity for Vedanta to support India's future resources demand, which we are well placed to seize with our combination of low cost and well-invested assets. We look to the future with cautious optimism."