|Bid||678.00 x 22400|
|Ask||678.50 x 40000|
|Day's Range||664.00 - 692.00|
|52 Week Range||558.50 - 1,112.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.55 (4.67%)|
|1y Target Est||N/A|
Zambia has lifted a ban on night driving for truckers, imposed to improve road safety, after mining companies in Africa's No.2 copper producer said the decision had hit commercial activity, the government said on Wednesday. The southern African nation last year banned night driving for public service vehicles, including buses and trucks in a bid to reduce the number of fatal road traffic accidents. The number of vehicles on Zambia's roads almost tripled to 700,000 in the 10 years to 2016, increasing road fatalities in the southern African nation, with more than 2,000 people dying last year alone, according to government statistics.
The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and the Democratic Republic of Congo (DRC), Africa's top producer, but the firm transporting the metal struggles to pay its workers, prompting strikes. TAZARA spokesman Conrad Simuchile said train services between Zambia and Tanzania were suspended indefinitely after unionized employees in Zambia went on strike, demanding payment of their unpaid salaries for October and November 2017.
A favourable economic condition has been a large driver of growth for companies in the materials industry. Therefore, this industry is a macroeconomic play with the opportunity of riding theRead More...
Rating Action: Moody's upgrades Vedanta's CFR to Ba3 from B1; outlook stable. Global Credit Research- 20 Nov 2017. Singapore, November 20, 2017-- Moody's Investors Service has upgraded Vedanta Resources ...
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Vedanta Resources Plc Here are 5 ETFs with the largest exposure to VED-GB. Comparing the performance and risk of Vedanta Resources Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis Vedanta Resources Plc reports financial results for the half-year ended September 30, 2017. Highlights Summary numbers: Revenues of GBP 5,228.43 million, Net Earnings of GBP -50.76 million. Gross margins widened from 19.88% to 21.55% compared to the same period last year, operating (EBITDA) margins now 24.62% from 24.51%. Change in operating ... Read more (Read more...)
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. The company, which is searching for a new chief executive after the departure of Tom Albanese in August, benefited as zinc prices leapt by more than a third on average in the six months to Sept. 30. Interim Chief Executive Kuldip Kaura said in a call with media that he sees further upward pressure on zinc prices as the gap between demand and supply is expected to continue for "some more".
Vedanta Resources reported a widened net loss for the first half of fiscal 2018, hit by higher exceptional costs and despite revenue growth.
Billionaire Anil Agarwal’s Vedanta Ltd., which posted a 47 percent jump in second-quarter profit, said it expects an even better second half as metals climb to multi-year highs and volumes increase.
REUTERS - Vedanta Ltd (VDAN.NS), the Indian unit of diversified mining group Vedanta Resources Plc (VED.L), posted a 47 percent rise in second-quarter profit, helped by improved commodity prices and higher ...
Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources with knowledge of the matter. The central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds, a senior state government official said. "We're advertising only for that area in which (Rio Tinto) have prospected and established availability of diamonds," Manohar Lal Dubey, Madhya Pradesh's top mineral resources official, told Reuters by phone.
Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto (RIO.AX) (RIO.L) this year, according to multiple sources with knowledge of the matter. The central state of Madhya Pradesh was likely to invite bids in the first week of November to explore the deposit, which is estimated to hold around 32 million carats of diamonds, a senior state government official said. "We're advertising only for that area in which (Rio Tinto) have prospected and established availability of diamonds," Manohar Lal Dubey, Madhya Pradesh's top mineral resources official, told Reuters by phone.
The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto, former Chief Executive Officer Thomas Albanese, and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets. The Mozambican coal business was acquired for $3.7 billion in 2011 from Riversdale Mining and sold a few years later for $50 million.
The Zacks Analyst Blog Highlights: Vedanta Resources, Wheeler Real Estate Investment Trust, Abercrombie & Fitch Company, Vodafone Group and Guess???
Nearly 2,000 Zambian villagers have won the right to sue Vedanta Resources in the English courts in a ruling that could lead to other multinationals being pursued in London for their activities overseas. London's Court of Appeal on Friday threw out miner Vedanta's attempt to block the Zambians' legal action over alleged pollution of their villages. Vedanta said in a statement it would seek the right to appeal to the Supreme Court, the highest in the English legal system, adding the decision was on jurisdiction only and "was not a ruling or a determination on the merits of the claims".
Nearly 2,000 Zambians can sue Vedanta Resources (VED.L) in the English courts over alleged pollution of their village after an appeal court on Friday threw out the miner's attempt to block their legal action. The judgment by London's Court of Appeal could pave the way for other London-listed multinationals to be held liable in the English courts for the actions of their subsidiaries abroad. Vedanta said in a statement it would seek the right to appeal to the Supreme Court, the highest in the English legal system.
Nearly 2,000 Zambian villagers can pursue a claim for damages in English courts for environmental pollution after London's Court of Appeal on Friday rejected an appeal by diversified miner Vedanta. Vedanta ...
Anil Agarwal began his career as a metals dealer in India nearly 50 years ago. Today, he is a billionaire making one of the biggest bets on the global mining industry’s recovery.
Mining company Vedanta Resources said mined metal production at its Indian zinc unit rose 42 percent in the first half of the year, lifted by strong demand in China for the metal used in steel production. Zinc demand in China, the world's top steel producer, has been strong as steel makers in China ramped up production ahead of government curbs this winter. Benchmark London zinc has risen about 23 percent in the year to Sept. 30.
Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India's east coast and in the onshore fields of Barmer in the west, its acting CEO said. The company expects approvals to be in place by the end of October, Sudhir Mathur told Reuters on the sidelines of the India Energy Forum in New Delhi, as Cairn undertakes a fresh investment plan after the extension of its production contract until 2030.
Zinc’s dramatic surge to the highest in a decade might boost profits in the short term but isn’t all good news for producers, according to Vedanta Resources Plc.