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
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.