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%

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.

Next weeks results cannot be anything other than somewhere between brilliant! and spectacular!

Traders are making it difficult to buy in bulk because they want to sell after the results causes share price to balloon.

Results are due next Thursday and will be record breaking at the very least.

14.07.2006

JP Morgan helped the mining sector today after it cast an eye over a few stocks.

......... Vedanta was kept "overweight" with a price target of 1,965p from 1,825p.

Vedanta Resources PLC
17 July 2006


July 2006

VEDANTA RESOURCES PLC (the 'Company')

Holding in Company

The Company has received notification from Barclays PLC that as at 10 July 2006
they had a notifiable interest in 19,396,816 ordinary shares, representing
approximately 6.76 per cent of the issued share capital of the Company.

Just released,

Can i take this as a buy or not anyone please?

Vedanta is an Indian company and has absolutely no involvement with the Middle East situation - nor do any of the countries involved have any kind of dispute with India. As such, the present share price may well go on to prove itself to have been one of those golden opportunities to invest in a company that goes on to show a very handsome profit in a matter of weeks.

(Vedanta gets nearly a third of company profits from zinc which, if you take a look at the graph in post 1, shows it is near an all-time high with worldwide inventories dwindling daily)

Quarterly results are due out this Thursday.