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Vedanta Resources PLC (VDNRF.PK)

VDNRF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Vedanta says Zinc India production up 40 pct in Q4
Tuesday, 11 Apr 2017 02:30am EDT 

Vedanta Resources Plc : Vedanta res plc - q4 production release . Iron ore: achieved 2.6 million tonnes of additional production capacity granted in Goa . Average gross production during Q4 FY 2017 was 184,585 barrels of oil equivalent per day (boepd) . Successful ramp up from Mangala EOR with production level of 56,000 boepd in Q4 . Average gross production declined by 7 pct primarily due to natural decline in fields, and planned maintenance shutdown in Rajasthan during current year . Zinc India: record annual production of mined metal at 907,000 tonnes of zinc and lead . Zinc India - record annual production of refined silver at 14.55 million ounces . Zinc International - highest quarterly production at Black Mountain in 4 years . Zinc India achieved record production of 312,000 tonnes of mined metal in Q4, 66 pct higher y-o-y and 13 pct higher q-o-q. . Zinc international: total production for Q4 FY2017 was 41,000 tonnes . Record production levels at Hindustan zinc are well-timed in these strong commodity markets - CEO . Full year production at zinc international was 31 pct lower at 156,000 tonnes due to ramp down of lisheen as per its mine life in november 2015 . Zinc india - mined metal production during full year period was 907,000 tonnes, marginally higher than previous year and in line with mine plan . Power sales were 7 pct higher for year primarily on account of ramp-ups at TSPL and BALCO..  Full Article

Vedanta Resources to extend executive service agreement of its CEO until August 31
Thursday, 30 Mar 2017 02:23am EDT 

Vedanta Resources Plc : Company agreed to extend executive service agreement of its chief executive officer, Tom Albanese until 31 August 2017 .Anil Agarwal, Vedanta's executive chairman is leading succession process to identify candidates.  Full Article

Vedanta Resources Plc third-quarter core earnings rise
Monday, 20 Feb 2017 02:00am EST 

Vedanta Resources Plc : Q3 production and financial release . Says Q3 production and financial release . Says revenue and EBITDA up significantly, reflecting benefits of higher commodity prices and production volumes . Says robust EBITDA margin 1 of 38 pct . Says gross debt lower by $300mn in Q3 . Says Zinc India: mined metal production up 44 pct q-o-q in line with mine plan . Says zinc india: integrated metal production increased q-o-q: zinc 38 pct, lead 26 pct and silver 10 pct . Says aluminium: continued ramp up of Jharsuguda-II and Balco-II smelters; third line of 1.25 mtpa Jharsuguda-II smelter commenced ramp up in December 2016 . Says aluminium: supply of coal has commenced from 6mtpa coal linkages secured earlier this year . Says power: 1,980mw tspl plant fully operational with 77 pct plant availability . Says oil & gas: Mangala EOR with production level of 55,000 barrels per day 6 pct higher q-o-q . Says iron ore: achieved full year production cap in January at Goa (5.5mt) and Karnataka (2.3mt) .Says iron ore: received further allocation of 3mt in Goa for FY2017.  Full Article

Vedanta raises second-half India zinc production guidance
Monday, 10 Oct 2016 02:00am EDT 

Vedanta Resources Plc : Q2 production release . Says strong Q2 production at Rajasthan, with Mangala EOR 23 pct higher quarter on quarter . Says Q2 gas production at Rajasthan up 17 pct quarter on quarter . Says H2 production expected to be significantly higher than H1, as per mine plans . Says secured coal linkages of 6MTPA for captive power plants through auctions in Q2 . Iron ore: mining and shipments from Goa resumed from end september, following monsoon season in Q2 . TSPL power: 1980MW plant fully operational with third 660MW unit capitalized in Q2 . Says 77 pct plant availability in Q2 . Says aluminium production was a record at 541,000 tonnes in H1, 17 pct higher year on year .Says H1 average gross production across assets was at 196,629 barrels of oil equivalent per day.  Full Article

Vedanta Resources appoints Arun Kumar as CFO
Friday, 30 Sep 2016 10:26am EDT 

Vedanta Resources Plc : CFO appointment . Kumar takes over from from DD Jalan who superannuates effective September 30th , after almost 16 years with group. .Announces Arun Kumar, currently deputy chief financial officer at Vedanta, appointed CFO of Vedanta Group..  Full Article

Vedanta Resources shareholders approve Vedanta Ltd, Cairn India deal
Tuesday, 6 Sep 2016 07:18am EDT 

Vedanta Resources :Resolution put to shareholders in relation to proposed merger of Vedanta Ltd and Cairn India Ltd was duly passed on a poll.  Full Article

Vedanta Resources announces board changes
Monday, 8 Aug 2016 02:00am EDT 

Vedanta Resources Plc :Geoffrey Green has been appointed as a member of audit committee; Ekaterina Zotova appointed as chairman of sustainability committee.  Full Article

Vedanta Resources says 72 pct shareholders vote to re-elect Director Deepak Parekh
Monday, 8 Aug 2016 02:00am EDT 

Vedanta Resources Plc :72.36 percent shareholders voted for resolution to re-elect deepak parekh as a director.  Full Article

Vedanta Resources Q1 mined metal production stable versus prior quarter
Monday, 1 Aug 2016 02:00am EDT 

Vedanta Resources Plc : Q1 mined metal production stable at 29,000 tonnes versus prior quarter, lower by 2 pct compared on y-o-y basis at copper -Zambia . At copper Zambia in Q1 FY 2017, cost of production excluding royalty was usc 198/lb compared to usc 213/lb for Q1 FY2016 .We expect to produce 130-140kt of integrated volumes at c1 cost of 150-170c/lb in fy2017 at copper Zambia.  Full Article

Hindustan Zinc Q1 mined metal production down 46 pct
Wednesday, 20 Jul 2016 10:59am EDT 

Hindustan Zinc Ltd : Mined metal production of 127 kt as per mine plan, and lead production at 101 kt and 25 kt; down 46 pct and 11 pct respectively . Q1 silver production higher by 20 pct; lower production as per plan with second half to be substantially stronger . Q1 mined metal production of 127 kt as per mine plan, second half to be substantially stronger .Integrated silver production at 89 mt; up 20 pct compared to Q1 FY 2016.  Full Article

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Vedanta says India unit's zinc output up 40 pct in fourth qtr

April 11 Diversified miner Vedanta Resources Plc said on Tuesday refined zinc production at its India unit rose nearly 40 percent in the fourth quarter, boosted by higher output at a mine in the state of Rajasthan in northwestern India.