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Vedanta Resources PLC (VED.L)

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Latest Key Developments (Source: Significant Developments)

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

Vedanta Resources says to sign 2 MoUs with South African cos
Friday, 8 Jul 2016 05:45am EDT 

Vedanta Resources Plc : Will be signing two MoUs with South African companies on July 8 . Recently, Vedanta kick-started it's Gamsberg zinc project at BMM with a capital investment of $400 mln .MoUs for development, supply of equipment, transfer of technology, with aim of improving productivity at underground mines of Hindustan Zinc Ltd.  Full Article

ZCCM Investments says commences legal proceedings against Konkola Copper Mines
Friday, 10 Jun 2016 11:33am EDT 

Zccm Investments Holdings Plc : ZCCM Investments Holdings Plc commences legal proceedings against Konkola Copper Mines Plc .On 6 th june co filed claim form with english high court to recover outstanding sums in excess of $100 million due to it from KCM.  Full Article

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Vedanta to invest $1 billion in Zambian copper mine

LUSAKA Indian mining company Vedanta Resources said on Friday it will invest $1 billion in its Zambian mining unit Konkola Copper Mines (KCM), creating 7,000 jobs.