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.

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.