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%

IMHO Vedanta is the bargain-buy of the miners at the moment.

Nick Fletcher
Wednesday June 28, 2006
The Guardian

Mining group Xstrata lost 51p to 19.04 on talk it could embark on a big acquisition spree if it loses out in the complicated bid battle in Canada centred on Inco and Falconbridge. If Xstrata decides to walk away, it would cash in its stake in Falconbridge which is worth around $3.8bn. "Xstrata is now effectively holding a multi-billion dollar war chest and is bound to look to consolidate further investments," said analysts at Numis. "That at least puts other miners in the merger and acquisition spotlight." It picked Antofagasta, down 6p to 400p, and Lonmin, 56p lower at 26.90, as potential takeover targets.


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Ummmm - very interesting. Vedanta is worth 3.7 billion whilst Xstrata is making $3.8 billion from its stake in Falconbridge and could be on the acquisition trail.

....ummmm. -very interesting.

Nothing in this life is impossible, but I would reckon that speculation to be on the far side of much less than likely

Think this is interesting because Vedanta derives more than 50% of its income from zinc.
Dai.


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29 June 2006

Zinc price to peak in Q3, then slump; lead to just slump: SG

Source: Platts

The price of zinc will top out this quarter and then slump, but lead which saw its peak last quarter is already on a down slope that will last for the next year and a half, according to Societe Generale's latest issue of Commodities Research.

Zinc's London Metal Exchange cash price averaged $1,381/mt in 2005. In the first quarter of 2006, its price averaged $2,248 then rose to $3,300 in Q2 and is forecast to average $4,100 in Q3, but from there on it's all downhill. SG predicts a Q4 2006 price of $3,050 that will fall to $2,725 in Q1 2007, $2,450 in Q2, $2,250 in Q3 and $1,975 in Q4 for a 2007 average of $2,350/mt. The LME cash price was $3,020 Wednesday.

SG describes the market as moving from a destocking period last year that cut demand growth from 7% in 2004 to 1% in 2005 into a period of 5% growth in 2006 dropping slightly to 4.5% in 2007. Global refined zinc production is expected to increase 5-5.5% this year and then jump by 6-7% in 2007 with mine production growth more than doubling to 9% in 2007 and 2008. This increase will be due to mine restarts (Lennard Shelf), expansions (Antamina) and new mines (San Cristobal). There could be a surplus from 2008 onwards, SG suggests.

Vedanta Resources invites bids to set up India nuclear power plant - report

AFX


BOMBAY (XFN-ASIA) - London-based metals and mining group Vedanta Resources Plc has invited preliminary bids for setting up a 2,400 MW nuclear power plant in India, Business Standard reported.

It said the company has invited expressions of interest from global firms and that it plans to award the contract on a build, operate and maintain basis.

...Anyone know if this is VED's 1st Nuclear venture or not please?

AFX - 05 July 2006

Vedanta Resources invites bids to set up India nuclear power plant - report


BOMBAY (XFN-ASIA) - London-based metals and mining group Vedanta Resources Plc has invited preliminary bids for setting up a 2,400 MW nuclear power plant in India, Business Standard reported.

It said the company has invited expressions of interest from global firms and that it plans to award the contract on a build, operate and maintain basis.

Old news DA, already posted.

Broker Merrill Lynch now has Vedanta rated at over 22.

That's their present rating but that will go even higher as the company continues to build and produce.

LONDON - (Dow Jones) - 6 July.

Metals and mining company Vedanta Resources PLC (VED.LN) doesn't have any plans for a nuclear power station in India, a person close to the company told Dow Jones Newswires Wednesday.

"Vedanta has no plans to build a nuclear power station," the person said.

The comment came after a report in India's Business Standard daily said Vedanta had invited bids to build and operate a 2,400-megawatt nuclear power plant in that country.

Vedanta has previously said that its expansion projects include a 500,000 metric tons per annum aluminum smelter and a 1,215-megawatt captive power plant in Jharsuguda, Orissa, at an estimated cost of $2.1 billion.

Power is a key requirement for aluminum smelting.

Miners and Oils, both take some beating at the moment.

Mumbai, Jul 07, 2006 (Asia Pulse Data Source via COMTEX)

Sharp rise in copper and nickel prices


Copper and nickel prices rose sharply on the non-ferrous metal market here today on hectic demand in view of rise in the London Metal Exchange (LME).

Elsewhere, brass, zinc and tin also moved up on good industrial demand.

In copper, armeture rose by Rs 25 per kilo to Rs 360, utensils scrap by Rs 20 per kilo Rs 325, wirebar by Rs 22 per kilo to Rs 412, sheets cutting by Rs 20 per kilo to Rs 350, cable scrap by Rs 15 per kilo to Rs 385 and scrap heavy by Rs 15 per kilo to Rs 375.

At the LME, three-month copper prices surged to a fresh intra-day high of $7,885 per tonne and finished late kerb at $7,850 a tonne, up by $485 over previous kerb levels.

Nickel rose by Rs 40 per kilo to Rs 1220, brass utensils scrap by Rs 15 per kilo to Rs 225, brass sheets cutting by Rs 10 per kilo to Rs 255, zinc by Rs 5 per kilo to Rs 185 and tin by Rs 5 per kilo to Rs 480.

In London, nickel topped yesterday's contract high with a close at a fresh record of $23,545 per tonne.

Zinc jumped by $135 to $3,385 per tonne at late kerb. Sentiment for the metal has been bolstered by consecutive days of drawdowns in material from LME warehouses, traders said.

Bit of a day traders delight this one.

Vedanta Resources PLC
11 July 2006

Notice of Production Results


Vedanta Resources plc will announce its production results for the quarter ended
30 June 2006 on Thursday, 20 July 2006 at 7:00 a.m.

You can only buy 500 online, but can sell 5000...now i wonder what that tells us -)o

Um, sorry I'm thicko! What does that tell us?

Ah, they're short of stock?

KD.

Could be.

Bloody well hope so. They can have mine for 1,000.00.

Oops, can I say bloody?

They will have to pay a bit more for mine...but there again i aint selling yet.