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 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."

StockMarketWire.com
Vedanta Resources boosted production of various metals, including aluminum, copper and zinc in its fiscal second quarter.

At the company's Zinc India operations, refined zinc-lead metal production rose 27% on-year to 230kt. Refined silver production rose a record 31% to 4.5mn ounces.

Copper production in Zambia rose by 21% compared to the previous quarter, while aluminium production increased by 36% on-year to 401,000 tonnes.

"During the quarter, our Zinc, Copper India and Aluminium businesses have delivered a strong production performance," chief executive Kuldip Kaura said.

"We have also commenced our growth journey on both the exploration and development front in our Oil & Gas business."

"We are continuing to realise operational efficiencies across our diversified portfolio and to benefit from a supportive market environment."

JP Morgan Cazenove today reaffirms its neutral investment rating on Vedanta Resources PLC (LON:VED) and raised its price target to 650p (from 600p).

Q2 Results http://www.moneyam.com/action/news/showArticle?id=5728432

StockMarketWire.com
Vedanta Resources swung to profit in the first-half after production volumes and commodity prices rose.

Net profit before one-off items of $21m compared to a loss of $64m in the previous corresponding period.

Revenue rose by 39% to $6.8b, boosting Ebitda by 37%. The group's Ebitda margin expanded to 34%, from 33%.

The miner declared an interim dividend of 24c per share, up from 20c.

"Our performance in the half year underlines that Vedanta's consistent strategy is delivering results," chairman Anil Agarwal said.

"We are seeing the benefits of growth at Zinc and Aluminium, and the benefits of strong operating performance overall, alongside higher commodities prices."

Notice of Production Results for Q3 FY2018
Vedanta Resources plc will announce its production results for the Third quarter ended
31 December 2017, on Friday, 2 February 2018 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.

StockMarketWire.com
Vedanta Resources said it boosted earnings in its fiscal third quarter by 21% on-year, as production volumes and commodity prices both rose.

Ebitda for the three months through December rose to $1.07bn on the back of a 34% Ebitda margin, the company said.

'We are looking forward to a strong fourth quarter, which will enable us to end the year with healthy cash generation,' chief executive Kuldip Kaura said.

'With the continued strength in the commodity markets, combined with Vedanta's attractive commodity mix and exposure to Indian growth, we will deliver superior shareholder returns, while maintaining a strong balance sheet.'

Closure of mining leases in the State of Goa
Hon'ble Supreme Court of India vide judgement dated February 07, 2018 have directed to stop all mining operations in the state of Goa with effect from March 16, 2018.

Hon'ble Supreme Court has directed that the mining lease holders who have been granted the second renewal are given time to manage their affairs and may continue their mining operations till March 15, 2018. However, they are directed to stop all mining operations with effect from March 16, 2018 until fresh mining leases and fresh environmental clearances are granted.

The Company's (VED) mines in the state of Goa will be impacted consequent to the judgement of Hon'ble Supreme Court. The Company is assessing the financial and operational impact of the said judgement.

StockMarketWire.com
India-focused Vedanta Resources shares soared after chairman Anil Agarwal's family trust Volcan Investments agreed to buy the rest of the miner it didn't already own, valuing it at £2.33bn.

The all-cash deal was priced at 825p per share, represented a 27.6% premium to the closing price of 647p pence per Vedanta share on 29 June.

Volcan currently held about 66.5% of Vedanta's shares.

Agarwal said a London listing had served the Indian company well.

'However, given the subsequent growth of our underlying businesses and the maturity of the Indian capital markets, together with related feedback from our shareholders and other stakeholders, we have concluded that a separate London listing is no longer necessary to achieve the Vedanta Group's strategic objectives,' he said.

'In taking this important step towards greater group simplification, we wanted to ensure that the independent shareholders of Vedanta Resources Plc were provided with the opportunity to exit on attractive terms, and I believe this possible offer will deliver on that objective.'

are they looking at leaving the lse..... harry

Volcan Investments is a Bahamas based holding company, so it's my understanding that holders of VED will get 825p per share and then the LSE listing will disappear.
According to the brokers, they will remain on the Indian Stock Exchange.