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%

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.

Vedanta Resources PLC
20 July 2006

Unaudited Results for the First Quarter ended 30 June 2006

Highlights
Revenues and EBITDA of $1,285.5 million and $589.1 million, respectively
Record production of aluminium and zinc
Expansion projects on schedule


Performance Summary

First quarter revenues were $1,285.5 million, up 113% compared to the
corresponding quarter last year, driven by better price realisations and an
increase in volumes. EBITDA increased to $589.1 million, up 280%. The increase
in EBITDA was partially offset by increased costs due to high input prices and
royalties which are linked to LME prices. Sales across all metals were lower
than production during the quarter due to the seasonal build up of inventory by
domestic customers. Underlying demand for all our commodities remains strong and
we expect current stocks to be liquidated during the year. Our phase 2 expansion
projects are progressing on schedule with orders for critical equipment and
packages being placed. We continue to experience challenges at KCM and measures
to address plant availability and related issues are being progressed.

Aluminium

The existing plants at BALCO and MALCO continue to operate near rated capacity,
in line with our expectations. The new Korba smelter (Plant II) produced 42,000
tonnes during the quarter as compared with 33,000 tonnes in the immediately
preceding quarter.

Revenues were $157.8 million as compared to $73.3 million in the corresponding
period last year on account of plant II metal availability and higher price
realisations. EBITDA was $66.1 million as compared to $17.7 million in the
corresponding period last year. However, as experienced by other producers,
higher prices of alumina, caustic and carbon have increased costs marginally.
There was an inventory build-up of 13,000 tonnes of metal during the quarter.

As previously announced in May, production at Plant II was temporarily affected
due to the power plant being tripped. The process of re-commissioning is well
established and good progress is being made. We expect to complete commissioning
of all pots by the end of September 2006. While production for the year is estimated
to be lower by approximately 25,000 tonnes than originally envisaged,
the financial impact for FY 2007 is marginal due to the export of additional
surplus power.

The 1-1.4 mtpa alumina refinery at Lanjigarh, Orissa is progressing well and we
expect to achieve mechanical completion by the end of the second quarter of the
current financial year. As previously stated, in respect of the bauxite mine, the
matter is still under the consideration of the Ministry of Environment and
Forests.

Engineering work for the green-field 500,000 tpa aluminium smelter and
associated 1,215 MW captive power plant in Jharsuguda, Orissa is progressing
well and orders for critical equipments have been awarded.

During the quarter, MALCO won a prestigious award from the Tata Energy Research
Institute in recognition of its environmental management practices and
innovative initiatives.


Copper - India & Australia

The Tuticorin smelter is performing at close to rated capacity and in line with
our expectations. Copper cathode production during the quarter was 57,000 tonnes
as compared to 56,000 tonnes in the corresponding quarter last year. Production
was lower than rated capacity due to a planned maintenance shutdown of 21 days
in April 2006.

Mined metal production at our Australian mines was 8,000 tonnes as per plan
during the quarter as compared with 10,000 tonnes in the corresponding quarter
last year due to the planned closure of Thalanga Copper Mines in the second
quarter of FY 2006.

Revenue was $472.7 million as compared to $234.4 million in the corresponding
prior quarter, primarily due to higher metal prices. EBITDA was $115.2 million
as compared to $33.2 million in the corresponding prior quarter, due to higher
LME prices and improved TC/RC realisation, partially offset by higher input
prices of fuel.

During the quarter, cathodes produced by the Tuticorin smelter were approved as
a brand by the LME, making us the first Indian company with 100% LME
registration on all our Indian copper brands.


Copper - Zambia

During the quarter, we produced 39,000 tonnes of copper cathode at KCM as
compared with 43,000 tonnes in the corresponding quarter last year, which was
lower than our expectations. Copper production at KCM was lower because of low
head-grade ore, lower recoveries due to a change in mineralogy and equipment
availability. This together with high input prices continues to have an
unfavourable impact on operating costs.

Revenue was $253.1 million as compared to $154.2 million in the corresponding
prior quarter, primarily due to higher metal prices. EBITDA was $126.0 million
as compared to $49.8 million in the corresponding prior quarter as higher metal
prices were partially offset by the impact of lower production volumes and
higher operating costs.

The Nkana smelter will be partially shutdown for planned routine maintenance in
August 2006.

Progress on the KDMP expansion project and the Nchanga smelter remains
satisfactory with orders for major packages such as the concentrator, shafts and
other long-lead items having been placed.


Zinc

Mined metal production was 131,000 tonnes for the quarter, an increase of 15%
over output in the corresponding quarter last year, primarily due to the
increased output from Rampura Agucha mines. Refined zinc production was 82,000
tonnes during the quarter as compared with 57,000 tonnes produced in the
corresponding quarter last year, mainly due to production from the new hydro
smelter. There was an inventory build-up of 15,000 tonnes during the quarter.

Sales during the quarter were augmented by the export of 56,000 dry metric
tonnes of surplus zinc concentrate.

Revenue was $353.6 million as compared to $120.9 million in the corresponding
quarter last year, primarily due to higher metal prices and higher volumes from
the new plant. EBITDA was $279.4 million as compared to $53.1 million in the
corresponding quarter last year, primarily due to higher prices and metal
volumes, as well as a reduction in unit operating costs mainly due to operating
efficiencies achieved at the new captive power plant which more than offset
higher royalties linked to LME prices.

During the month of July 2006, the Chanderiya pyro smelter was under shutdown
for a period of 11 days for planned routine maintenance and has now recommenced
production.

Work on the new 170,000 tpa Chanderiya Phase II hydro smelter is progressing
satisfactorily. Basic engineering and 80% of the ordering is now complete and
the plant is on course for expected completion early in 2008.

This is relevent as Vedanta gains nearly 2/3rds of profits from zinc.
Dai.






Mining Weekly - 20 July 2006

Zinc shortfall was 120 000 t in first 5 months


Zinc supply fell short of demand for the first five months of the year, because of higher consumption of the metal used to galvanize steel, the International Lead and Zinc Study Group said.

Zinc production was 120 000 tons less than demand, compared with a shortfall of 98,000 tons a year earlier, the Lisbon-based group said in a report on its Web site today. The group is funded by the governments of producing and consuming countries.

Demand rose 2,4% to 4,47-million t, the group said. Production grew 1,9% to 4,35-million t.

Independent - 21 July

Weak copper prices obscured strong results from the Indian mining group Vedanta Resources, 14p weaker at 1,302p, as the group reported a 113 per cent rise in first-quarter revenue. The heavyweight brokers Morgan Stanley, Merrill Lynch and UBS all advised their clients to buy the shares, while Citigroup raised its price target to 2,200p.

(Reuters) - Sat Jul 22, 2006

Chile's Escondida union says contract talks fail

SANTIAGO, Chile, - Workers at Chile's Escondida, the world's biggest copper mine, said on Friday contract talks with the company had failed and that they planned to vote on a strike next week barring a new offer.

"It looks like we'll strike," Union Secretary Pedro Marin told Reuters late on Friday after two days of extraordinary talks failed to result in a new offer from the company.

Workers reached the decision in a meeting late on Friday night, Marin said.

The union and managers at Escondida were in talks on Thursday and Friday to try to reach an agreement ahead of a strike vote by workers next week.

The last day for the company to improve its offer is July 25, so workers can vote on July 28 on whether to strike.

Marin said that a strike could begin on Aug. 1 unless the company requests mediation from labor authorities, in which case the sides have five days to resolve their differences.

The union, which represents more than 2,000 workers, began a slowdown this month to protest a wage increase offer that it called too small. The current contract expires on Aug. 2.

This week, the company invited workers to resume formal talks and workers and managers of Escondida met on Thursday and Friday.

"If you ask me about progress...zero," Marin said of the two days of talks.

With global copper prices surging, the Escondida union is asking for a 13 percent raise and a $30,000 net bonus per worker. The company has offered a 1.5 percent raise, a bonus and low-interest loans worth about $8,500 per worker.

28.07.06

Vedanta has been initiated as a buy by ABN Amro with a target price of 1850 pence, dealers said. The Dutch owned broker argued that despite being a pure base metals play with the associated commodity price risk and volatility, Vedanta has set forth the strongest organic growth story in the market. ABN Amro pointed out that the group is starting its Phase II expansion programme, buying back minorities and broadening its diversification. It added that it has already allocated all excess cash it expects to be generated over the next few years., which it believes is a high-risk, high-reward strategy.

Big Mining Is Big Value

By Alun Morris
July 28, 2006

I don't often buy large cap shares. I prefer to stay away from the thousand Watt arc lamps of multiple broker analysis and take my flashlight around the darker corners of the market.

However this month I bought a share in a sector that looks so cheap that I couldn't keep my grasping value hands off it any longer. I have been mulling a move on big mining since UK investing legend Jim Slater said in February that mining shares were cheap. In fact he thought the rating of this sector was one of the most serious mis-pricing of markets he had ever seen, showing high growth and low P/Es. Being fully invested I didn't buy. Besides, these huge companies have more analysts than Woody Allen, so where's my edge?



Why are big miners so cheap?

This sector is cheap for a reason. Metal prices have run up a hill that's got steeper and steeper and we don't know if there's a cliff at the end. Copper, nickel and zinc have doubled or trebled in the past year, largely due to rapid growth and construction spending in China and India. Many see it as yet another bubble with prices overshooting due to speculation. The futures market is predicting significant falls in prices next year. Demand would fall if the Chinese or Indian economies stumble..

The bull arguments are:

* The same was said about oil last year but the futures market is now predicting $70+ oil until 2011.

* New mines take six to seven years to enter production, so the recent rush to start new mines will not give a big supply boost until the end of the decade.

* Chinese growth seems to be underpinned by endless demand for ever cheaper consumer goods.

I believe that mining shares offer the same opportunity that the oil and gas sector did a year ago -- their prices considerably lag the rise in the commodities they produce.



So which is the cheapest?

An excellent Metals and Mining report from Deutsche Bank this month looked at seven UK listed shares. The table below has excitingly low ratios, especially cashflow, and uses Deutsche's estimates adjusted for Wednesday's prices:

                       2007 P/E
Anglo American      9.2
Antofagasta          7.1
BHP Billiton            8.2
Kazakhmys            6.5
Lonmin                11.4
Rio Tinto               8.4
Vedanta                7.2



see article and table in full here


Cash

Cash, cash, cash! Music to my ears. The sector has more cash than it knows how to spend, hence the very low P/CF and EV/EBITDA figures. I decided to buy Vedanta -- it has the lowest 2007 cashflow ratios and nearly the lowest P/E. These reflect forecast output growth of 48% over the next 3 years., far higher than the others at about 5% to 25%. Jim Slater likes it too -- in a talk in June his picks were BHP Billiton and Vedanta.

Be prepared for a bumpy ride. These shares will often move two or three times as much as the FTSE-100 in a day. If you can stomach this and the risk of a slump in copper prices (and the forecasts already assume some decline), Vedanta looks the cheapest of the bunch.

Is Vedanta about to be bought out????? .......Read on.



Wednesday, July 26, 2006
Oligopoly Watch: - The latest maneuvers of the new oligopolies and what they mean.

Consolidation fever in the mining industry

Mining companies have been rolling up the industry over the past few years, and the consensus is that that trend will continue until there are no possible buy reagents left. That's the conclusion of a Financial Times article ("Miners roll up their sleeves to consolidate scarce resources", 7/25/06).

The most immediate sign of the buying frenzy is in the current duel between Phelps Dodge and Xstrata to buy Canada-based Falconbridge, a bidding war that has doubled the price of that company from around $10 billion to over $20 billion.

But that's not the only deal in the works.

* Australian iron ore miner Mount Gibson just made a bid for rival Aztec, hoping to boost the company to #3 status in Australia.
* Canada's GlobeStar Mining Corporation just bought out Dominican Republic nickel mines from Everton Resources Inc.
* Canada's Stornoway Diamond Corp. has bid to buy Canada's Ashton Mining and Contact Diamond Corporation, both diamond mining companies.
* New Zealand's Oceana Gold recently acquired Australia's Climax Mining, another gold miner.
* Canada's Barrick Gold has made an offer to buy Canadian rival NovaGold.

And these are just the deals happening in the last few months, all worth at least hundreds of millions of dollars.

Because metals prices are so high, the mining companies are loaded with cash. That means that even $20 billion acquisitions are doable. Some mid-size mining firms drawing strong interest are Alumina, Newcrest, Lonmin and Vedanta. There are twenty mining companies in the world with between five and 20 billion dollars in revenue, and all bets are that there will be significantly next within a few years. And the bidding, as for Falconbridge, is likely to be strongly contested.

And, as we've seen with big oil, acquiring established sources is far more desirable than spending money on exploration. The FT article quotes a Citigroup analyst as saying: "Acquisitions and buybacks deliver better returns than the expansion of production."

Older miners are wearing out faster than new mines are discovered. Also, the increasing environmental controls and Third-World nationalism make the cost of new mines grow ever higher.

Plus some very big companies are rumored, according to the article, to be targets. Aluminum company Alcoa is one of them, as is rival Alcan. Even gold and diamond giant Anglo-American may be tempting, now that is selling off both its steel and paper operations, making a pure mining play.

Companies like Rio Tinto and BHP Billiton are identified as possible predators. Both are set to generate many billions in cash this year, thanks to skyrocketing iron ore prices. Even smaller deals (purchases of single mines) are significant, as bigger companies keep rolling up smaller ones.

"Is Vedanta about to be bought out????? .......Read on."

Thanks HP for the updates including the one above, my answer to your question is i don't know but it would be nice to think so.

Times Online July 31, 2006

Need to Know

Vedanta Resources, the miner, is to hold its annual meeting on Wednesday. Its first-quarter results, reported two weeks ago, showed revenue up 113 per cent to 1.3 billion.

Vedanta Resources PLC
02 August 2006

VEDANTA RESOURCES plc

RESULTS OF AGM


Wednesday 2 August 2006


At the Company's Annual General Meeting, which was held today, all the
resolutions put to shareholders were duly passed.

The results on each resolution were as follows:
Votes
Resolution Votes for Votes against withheld
---------- ---------- ------------- --------

1 To receive and adopt the audited 212,431,482 1,371,404 57,010
accounts of the Company for the
year ended 31 March 2006,
together with the Directors' 99.36 0.64 N/A
Report and the Independent
Auditors' Report.

2 To approve the Remuneration 211,175,546 1,440,140 1,244,210
Report for the year ended 31
March 2006. 99.32 0.68 N/A

3 To approve a final dividend of 213,859,897 0 0
14.3 US cents per ordinary share
in respect of the year ended 31 100.00 0.00 N/A
March 2006.

4 To re-appoint Mr Anil Agarwal, 202,003,756 11,832,209 23,931
who retires and seeks
re-appointment in accordance
with article 115 of the 94.47 5.53 N/A
Company's Articles of
Association.

5 To re-appoint Dr Shailendra 213,612,671 247,226 0
Kumar Tamotia, who retires and
seeks re-appointment in
accordance with article 115 of 99.88 0.12 N/A
the Company's Articles of
Association.

6 To re-appoint Mr Naresh Chandra, 213,636,167 222,730 1,000
who retires and seeks
re-appointment pursuant to
article 122 of the Company's 99.90 0.10 N/A
Articles of Association.

7 To re-appoint Deloitte & Touche 213,461,288 308,609 90,000
LLP as auditors of the Company
until the conclusion of the next
general meeting at which 99.86 0.14 N/A
accounts are laid before the
Company.

8 To authorise the Audit Committee 213,497,667 272,230 90,000
of the Company to determine the
Auditors' remuneration. 99.87 0.13 N/A

9 To authorise the Directors to 213,089,561 389,601 380,734
allot relevant securities up to
an aggregate nominal amount of:
(a) $3,275,956 in connection
with the $725 million 4.60%
guaranteed convertible bonds due
2026 issued by Vedanta Finance 99.82 0.18 N/A
(Jersey) Limited, a wholly-owned
subsidiary of the Company; and
(b) (otherwise than pursuant to
sub-paragraph (a) of this
resolution) $9,558,417.

10 To authorise the Directors to 213,847,047 7,850 5,000
allot equity securities for cash
as if section 89(1) of the
Companies Act 1985 did not 100.00 0.00 N/A
apply.

11 To authorise the Directors to 213,751,362 108,535 0
make market purchases within the
meaning of section 163(3) of the
Companies Act 1985 of ordinary 99.95 0.05 N/A
shares of $0.10 each in the
capital of the Company.


Percentages show votes as a percentage of the total number of shares being voted
by proxy.

For further information, please contact:

Deepak Kumar (Company Secretary)
Vedanta Resources plc

Telephone: +44 (0) 207 659 4734



This information is provided by RNS
The company news service from the London Stock Exchange