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 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.

StockMarketWire.com
Vedanta Resources said a closing date for a buyout offer for the miner by Volcan Investments, backed by its chairman Anil Agarwal, had been set for the end of August.

Offer document containing the full terms and conditions of the bid were being posted to shareholders today, the company said.