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Vedanta Resources PLC (VED.L)

VED.L on London Stock Exchange

791.00GBp
23 Nov 2017
Change (% chg)

-7.00 (-0.88%)
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Latest Key Developments (Source: Significant Developments)

Vedanta Resources says H1 revenue rose 39 percent to $6.8 bln
Friday, 10 Nov 2017 02:00am EST 

Nov 10 (Reuters) - Vedanta Resources Plc :INTERIM DIVIDEND 0.24 USD PER SHARE.H1 EBITDA ROSE 37 PERCENT TO 1.694 BILLION USD.H1 REVENUE ROSE 39 PERCENT TO 6.8 BILLION USD.‍FOR FY2018, IN OIL & GAS EXPECT TO HAVE STEADY PRODUCTION VOLUME FROM RAJASTHAN AT 165,000 BOEPD.‍ADJUSTED EBITDA MARGIN OF 34% IN H1 FY2018​.‍NET OIL & GAS CAPEX EXPENDITURE UPTO FY 2020 IS EXPECTED TO BE US$ 850 MILLION​.‍OIL & GAS BUSINESS HAS RECOMMENCED CAPITAL EXPENDITURE​.‍GAMSBERG ZINC PROJECT IN SOUTH AFRICA IS PROGRESSING WELL AND REMAINS ON TRACK TO START PRODUCTION IN MID-2018​.ZINC INDIA ‍MINED METAL PRODUCTION IN FY2018 IS EXPECTED TO BE HIGHER THAN IN FY2017​.‍REFINED ZINC-LEAD METAL PRODUCTION IS EXPECTED TO BE APPROXIMATELY 950KT IN 2018​.‍COPPER INDIA HAD STABLE PRODUCTION FOR FIRST HALF OF YEAR AND ACHIEVED RECORD QUARTERLY PRODUCTION IN Q2 AS A RESULT OF OPERATIONAL EFFICIENCIES​.ZINC INDIA PROJECT CAPEX FOR YEAR TO BE AROUND $300-S$325 MILLION; TO ACHIEVE 1.2 MILLION TONNES PER ANNUM MINED METAL PRODUCTION CAPACITY BY FY2020​.ZINC INTL ‍PRODUCTION VOLUMES IN 2018 EXPECTED TO BE AROUND 160KTPA; COST OF PRODUCTION EXPECTED TO BE AROUND $1,500 PER TONNE​.‍ESTIMATE IRON ORE UNIT TO PRODUCE 5.5 MILLION TONNES OF ORE AT GOA, 2.3 MILLION TONNES AT KARNATAKA IN FY2018​.‍COPPER INDIA/AUSTRALIA FULL-YEAR CATHODE PRODUCTION IS EXPECTED TO BE SIMILAR TO FY2017 PRODUCTION LEVELS OF 400,000 TONNES​.‍IN FY2018, ALUMINIUM VOLUME IS EXPECTED TO BE IN RANGE OF 1.5 TO 1.6 MILLION TONNES​.  Full Article

Vedanta says examining Court's judgment, will seek permission to appeal decision​
Friday, 13 Oct 2017 09:58am EDT 

Oct 13 (Reuters) - Vedanta Resources Plc ::VEDANTA RESOURCES PLC - ‍VEDANTA AND KCM ARE EXAMINING COURT'S JUDGMENT AND WILL SEEK PERMISSION TO APPEAL COURT'S DECISION​.VEDANTA RESOURCES - "‍JUDGMENT RELATES SOLELY TO JURISDICTION OF ENGLISH COURTS TO HEAR THESE CLAIMS. IT IS NOT A RULING OR A DETERMINATION ON MERITS OF CLAIMS​".  Full Article

Anglo American says ‍Volcan Investments raises stake in co to 19.35 pct
Friday, 13 Oct 2017 09:00am EDT 

Oct 13 (Reuters) - Anglo American Plc :‍VOLCAN INVESTMENTS LIMITED RAISES STAKE TO 19.35 PERCENT FROM 12.08 PERCENT EARLIER - FILING ​.  Full Article

Vedanta says Zinc India H1 mined metal production up 42 pct
Tuesday, 10 Oct 2017 02:00am EDT 

Oct 10 (Reuters) - Vedanta Resources Plc ::VEDANTA RES PLC - Q2 PRODUCTION RELEASE.VEDANTA RESOURCES PLC - ‍H1 AVERAGE GROSS PRODUCTION ACROSS ASSETS WAS AT 184,062 BOEPD​.VEDANTA RESOURCES PLC - ‍H1 ZINC INDIA MINED METAL PRODUCTION WAS AT 219,000 TONNES, 14% HIGHER Y-O-Y, ON ACCOUNT OF HIGHER VOLUMES FROM UNDERGROUND MINES​.VEDANTA RESOURCES PLC - H1 ZINC INTERNATIONAL ‍TOTAL PRODUCTION INCREASED TO 42,000 TONNES, 33% HIGHER Q-O-Q AND 13% Y-O-Y​.VEDANTA RESOURCES PLC - H1 COPPER INDIA ‍PRODUCTION IN H1 FY2018 WAS 197,000 TONNES OF CATHODES, SIMILAR TO H1 FY2017​.VEDANTA RESOURCES PLC - H1 ‍ALUMINIUM PRODUCTION INCREASED TO 753,000 TONNES IN H1 FY2018, 39% HIGHER Y-O-Y​.  Full Article

Volcan Investments raises investment in Anglo American Plc
Wednesday, 20 Sep 2017 12:01pm EDT 

Sept 20 (Reuters) - Anglo American Plc ::ANNOUNCES A FURTHER INVESTMENT IN ANGLO AMERICAN PLC.INTENDS TO MAKE A FURTHER INVESTMENT IN ANGLO AMERICAN PLC SHARES OF £1.25 BILLION TO £1.5 BILLION.THIS IS IN ADDITION TO VOLCAN’S CURRENT 12.43% VOTING INTEREST IN ANGLO AMERICAN.ISSUANCE BY VOLCAN HOLDINGS II PLC TO BE LED BY J.P. MORGAN AS SOLE BOOKRUNNER, ON OR AROUND 10 OCTOBER 2017.CONFIRMS THAT IT DOES NOT INTEND TO MAKE AN OFFER TO ACQUIRE ANGLO AMERICAN.  Full Article

Vedanta Resources says Tom Albanese will step down as CEO
Wednesday, 30 Aug 2017 10:09am EDT 

Aug 30 (Reuters) - VEDANTA RESOURCES PLC ::APPOINTMENT OF INTERIM CEO.APPOINTMENT OF KULDIP KAURA AS INTERIM CHIEF EXECUTIVE OFFICER (CEO) OF GROUP, EFFECTIVE 1ST SEPTEMBER 2017.‍ALBANESE WILL CONTINUE IN HIS ROLE AS CHAIRMAN OF KCM​.TOM ALBANESE WILL STEP DOWN AS CEO AND FROM BOARD ON 31ST AUGUST 2017.‍KAURA WILL NOT SERVE AS A DIRECTOR ON VEDANTA'S BOARD​.SEARCH FOR A NEW CEO IS ONGOING.  Full Article

Vedanta Resources records Q1 total group EBITDA of $777.8 million
Wednesday, 23 Aug 2017 02:00am EDT 

Aug 23 (Reuters) - Vedanta Resources Plc :Q1 FY18 PRODUCTION AND FINANCIAL RELEASE.Q1 ZINC REVENUE $818.9 MILLION VERSUS $432.5 MILLION IN Q1 2016.Q1 ZINC REVENUE $818.9 MILLION VERSUS $432.5 MILLION IN Q1 2016.Q1 ZINC INDIA REVENUE $694.6 MILLION VERSUS $364.8 MILLION IN Q1 2016.Q1 TOTAL REVENUE $3,087.9 MILLION VERSUS $2,340.7 MILLION N Q1 2016.VERSUS $527.1 MILLION.Q1 ZINC EBITDA $417.1 MILLION VERSUS $197.7 MILLION.GAMSBERG ZINC PROJECT REMAINS ON COURSE TO COMMENCE PRODUCTION IN MID-CY2018-CEO.REMAIN COMMITTED TO IMPROVEMENTS AT COPPER-ZAMBIA-CEO.Q1 ZINC INDIA EBITDA $367.2 MILLION VERSUS $160.3 MILLION.REFINED ZINC-LEAD METAL PRODUCTION IS EXPECTED TO BE AROUND 950KT FOR FY.  Full Article

Vedanta Resources updates on comprehensive $1.8 bln refinancing
Friday, 4 Aug 2017 02:00am EDT 

Aug 4 (Reuters) - Vedanta Resources Plc :SAYS ‍ANNOUNCED PRICING OF AN OFFERING OF BONDS IN AGGREGATE PRINCIPAL AMOUNT OF US$1.0 BILLION OF 6.125% BONDS DUE 2024​.TO USE NET PROCEEDS PRIMARILY TO FUND OFFERS TO PURCHASE FOR CASH ANY AND ALL 2019 BONDS, 2021 BONDS, TO REPAY OTHER EXISTING INDEBTEDNESS​.‍REFINANCING PLAN ANNOUNCED EARLIER BY COMPANY IS LEVERAGE NEUTRAL AND IS FUNDED THROUGH A MIX OF BONDS AND TERM LOANS​.RECEIVED COMMITMENTS FROM GLOBAL AND INDIAN BANKS FOR US$840 MILLION OF TERM LOANS WITH FINAL MATURITY OF 5 YEARS​.SAYS ‍UPON COMPLETION VEDANTA WILL PROACTIVELY REFINANCE PART OF ITS 2019 AND 2021 BOND MATURITIES​.SAYS ‍UPON COMPLETION VEDANTA IS EXPECTED TO HAVE NO SIGNIFICANT BANK LOAN REPAYMENTS DUE OVER NEXT 18 MONTHS​.  Full Article

Vedanta Resources says Zinc India Q1 mined metal production up 84 pct
Wednesday, 26 Jul 2017 02:00am EDT 

July 26 (Reuters) - VEDANTA RESOURCES PLC ::Q1 FY2018 PRODUCTION RELEASE.Q1 ZINC INDIA MINED METAL PRODUCTION ‍233​ KT VERSUS 127 KT.Q1 ZINC INTERNATIONAL PRODUCTION 32,000 TONNES VERSUS 43,000 TONNES.‍AT RAMPURA AGUCHA DURING QUARTER, EQUIPPING OF MAIN SHAFT WAS COMPLETED AND WINDER WILL BE COMMISSIONED IN CURRENT QUARTER​.Q1 PIG IRON PRODUCTION OF DRY METRIC TONNES 163,000 VERSUS 181,000 DRY METRIC TONNES."‍WE EXPECT PRODUCTION FROM SHAFT AT RAMPURA AGUCHA TO START IN Q3 FY 2019​".Q1 COPPER INDIA CATHODE PRODUCTION TONNES 90,000 VERSUS 100,000 TONNES.Q1 TOTAL ALUMINIUM PRODUCTION OF TONNES 352,000 VERSUS 244,000 TONNES.‍CONTINUE TO EVALUATE EXPANSION OF TUTICORIN SMELTER BY A FURTHER 400,000 TONNES PER ANNUM​.‍ON TRACK TO REACH MINED METAL CAPACITY OF 1.2 MTPA IN FY 2020​ FOR ZINC INDIA UNIT.  Full Article

Vedanta Resources posts FY EBITDA $3.2 billion
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Vedanta Resources Plc :FY EBITDA $3.2 billion.FY revenue $11.5 billion .Final dividend $0.35 per share.FY EBITDA $3,191.1 million versus $2,336.4 million year ago.FY revenue $11,520.1 million versus $10,737.9 million year ago.FY EBITDA margin 27.7 percent versus 21.8 percent year ago.FY underlying earnings per share 1.1 US cents versus loss of 131.9 pence year ago.FY total dividend 55 US cents versus 30 US cents year ago.  Full Article

RPT-UPDATE 2-Miner Vedanta continues its recovery with robust first-half profits

Nov 10 Diversified miner Vedanta Resources said it sees further upside for zinc prices as it announced a 37.4 percent rise in half-year profit on Friday.