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%

this could be an interesting technical play
for some reason that is not at all apparent, sp has dropped from 1100 (all time high) in mid february to 765 at close today
at 765, sp is just touching (rising) 200 dma

will i be buying?
very doubtful, not least because base metal stocks have been performing poorly of late
nevertheless, for those of stronger nerves - brave gamblers!- this could be worth a dabble

All of the main mining stocks on the LSE seem to have peaked and are threatening to break down through the 200 DMA. Many dropped today around 3-5%. (RIO, ANTO, BLT, AAL etc)
In addition: "Miners were among the casualties as copper prices dropped sharply by 2.7% to $5,599 per tonne.
This hit some of the world's biggest miners including Rio Tinto (RIO), Anglo American (AAL) and BHP Billiton (BLT) by up to 4% on the implication they would make less money from selling the conductive metal."

SALES PER ACTIVITY (Data as of 31/03/2006)

Copper: 60%
Zinc: 24%
Aluminium: 12%
Others: 4%

I would need to see the updated % on the above.

Hmmmmm.....lots of downside to come, imo.

Jefferies International Hold 715.50 950.00 850.00 Reiterates

£8.50 is a joke... £5.00 more likely.

I agree.....then back up to 850p?!!!!

Heading down to the 500p level pretty quickly.

signs of life.

Moving higher today with buyers returning.

StockMarketWire.com
Vedanta has boosted its FY EBITDA and revenue, and enters FY 2018 in a stronger financial position.

"We delivered a strong set of results this year and took important steps towards achieving our strategic objectives," said chairman Anil Agarwal in a statement.

The company's revenue rose 7% to $11.5bn, driven by firmer commodity prices and volume ramp-up. EBITDA increased 37% to $3.2bn.

"We reached record production levels across several of our businesses and I am confident of continued successful ramp ups from our world-class assets," he said.

"An important milestone for us this year was the completion of the merger of Vedanta Limited and Cairn India, and our simplified group structure will support strong shareholder returns," said Agarwal.

"We remain committed to a consistent strategy and de-levering the balance sheet, and look ahead to FY 2018 in a stronger financial position and with more confidence than ever."

Continuing his reference to FY 2018, Agarwal said he was optimistic that the improvement in commodity markets experienced this year might continue for the foreseeable future.

"Prices in copper, aluminium, zinc, iron ore, oil and gas have all shown a strong recovery last year, so we approach FY 2018 with a cautious optimism and a continuing discipline in our capital allocation," he said.

"Meanwhile, we will continue to contribute to India's exciting growth trajectory, working with the Indian Government, our employees and communities to make a difference."

Jefferies International today downgrades its investment rating on Vedanta Resources PLC (LON:VED) to underperform (from hold) and cut its price target to 500p (from 700p).

got a 26p div coming up soon.

Cryps this one's tumbled since end of Feb, hope you got in after most of the fall for that divi BB.

Div.26.92p on 20th July.
No I'm not in at mo....... wondering if
There will be a div cut before date.

Yes plenty of divi cuts looming I suspect.

Well BB no divi cut in the event and taken my eye off this one as it rises to Ex divi day damn it!

StockMarketWire.com
Vedanta Resources has confirmed that the Company intends to announce its production results for the quarter ended 30 June on 26 July 2017.

CHAIRMAN'S INTRODUCTION
During the financial year 2016 the company remained focused in challenging market conditions.
It is therefore a pleasure for me to report that financial year 2017 was a story of price recovery and exciting potential. Since founding the company, I have always said that our focus is on building a diversified natural resources company that creates wealth to ultimately support economic progress for communities.

We are now the sixth largest, and fastest growing, diversified resources company in the world. And with a strong operational performance and supportive market environment, I am proud to report we continue to deliver encouraging numbers. Since our IPO in 2003, we have returned over US$2 billion to all shareholders and generated a total shareholder return of over 130%.

During the year, Cairn India merged with Vedanta Limited, further simplifying the Group structure. With commodity markets turning positive, I look to the future with confidence due to our portfolio of world class, low cost assets.

India and Africa, our key markets, present an exceptional potential for further growth. Vedanta offers a unique opportunity to invest in India's growth story. Whilst other companies look to China or the rest of Asia, we have a unique advantage that we sell the majority of our production within India. Being the fastest growing economy in the world, it is an exciting place to be. Honourable Prime Minister Modi has spearheaded significant economic reforms. Steady progress is being made and India is fast becoming the prime investment destination. The 'Make in India' programme is set to drive domestic growth by encouraging the development of the manufacturing industry, increasing demand for metals and energy. Vedanta Limited is one of the largest taxpayers in India, contributing around US$6 billion in FY2017 to the exchequer, including dividends from subsidiary Hindustan Zinc, to the Government.

We also have a long-standing presence in Africa, where we have invested approximately US$4 billion since 2004. I was pleased to accompany India's Prime Minister on a visit to South Africa last year as part of his business delegation and it was very encouraging to see the progress and opportunities in their country.

Safety and sustainability continue to be a personal priority, as they are across the Group. We are making good progress in our journey towards Zero Harm, Zero Waste and Zero Discharge. We have not yet achieved 'zero harm' but we will continue pushing and we will not be satisfied until we attain it. We will continue working with the same spirit and enthusiasm to realise our ultimate goal.

Climate change is one of the biggest challenges of our day. Last year, Prime Minister Modi committed India to COP 21. We too take our responsibility to society seriously and will continue contributing to the communities in which we operate. This year we invested a total of US$18 million on social projects, benefitting over 2 million people.

StockMarketWire.com
Vedanta Resources said revenue and EBITDA were significantly higher year-on-year, driven by higher commodity prices and volumes.

Gross debt (excluding Zinc India temporary borrowing) was reduced by $1.3bn in Q1 FY2018, further reduction of $385m post June 30 2017.

Proactive refinancing of $1.84bn announced in August at Vedanta Resources through a combination of bond and bank debt; extends average debt maturity by 1.5 years, lowers the average cost of borrowing and results in no significant debt maturities until December 2018.

CEO Tom Albanese said: "We have made a positive start to the year with both revenue and EBITDA significantly up year on year.

"In particular, our Zinc and Oil & Gas businesses have delivered a strong quarter.

"Vedanta is a world leader in zinc, and zinc prices have strengthened since the quarter end on continued global supply deficits.

"The Gamsberg zinc project remains on course to commence production in mid-CY2018.

"We remain committed to improvements at Copper-Zambia, while our continued ramp-up in the Aluminium business has helped us exit the quarter with a strong production run rate of 1.4 mtpa.

"Our recent comprehensive refinancing exercise of $1.84bn further helps to optimise our balance sheet and create value for all our stakeholders."