|Bid||805.00 x 22400|
|Ask||900.00 x 40000|
|Day's Range||841.56 - 848.80|
|52 Week Range||624.60 - 981.80|
|PE Ratio (TTM)||10.25|
|Earnings Date||Nov 14, 2018|
|Forward Dividend & Yield||0.48 (5.87%)|
|1y Target Est||10.50|
Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States and China, and worries about economic growth pushed lead (CMPB3) on the London Metal Exchange down to $2,074 a tonne on Aug. 6, its lowest since June last year. "Mine supply is barely growing, we are forecasting a 0.4 percent increase to 5.4 million tonnes this year," said Wood Mackenzie lead analyst Farid Ahmed.
Vedanta Resources' Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said. Vedanta said in June it planned to double copper production at Konkola to 200,000 tonnes in 2019.
India's environment court on Thursday granted Vedanta Ltd (VDAN.NS) conditional access to its copper smelter in Tamil Nadu, which was shut down by the state government two months ago on environmental grounds. The court said Vedanta employees could enter the smelter premises for "administrative purposes" but the company was not allowed to resume operations. The court was hearing Vedanta's request to reopen the plant and the hearing will resume on Aug. 20.
The London-listed company, which operates primarily in India and Africa, has been benefiting from a strong recovery in the prices of metals and oil and gas, and had posted a double-digit percentage growth in core earnings last year. The company had a core profit of $32 million from copper in the year-earlier quarter.
Goa on Friday passed a resolution asking the state's chief minister to push the central government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits. The resolution seeks to amend laws in Goa so that existing miners can continue to extract ore for about 20 years. Mining of low-quality iron ore came to a halt in March over allegations of illegal mining.
(Reuters) - Miner Vedanta Resources Plc (VED.L), which is set to be taken private by Chairman Anil Agarwal, postponed its quarterly production results to next Monday. Agarwal's family trust offered about ...
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(Reuters) - Vedanta Ltd (VDAN.NS), the Indian unit of diversified mining group Vedanta Resources Plc (VED.L), missed analysts estimate for first-quarter profit, as closure of its copper smelter in South ...
Volcan, which currently holds about 67 percent of Vedanta, offered $10.89 or 825 pence per share to buy the rest of the stake. The deal valuing Vedanta at $3.07 billion represents a premium of about 6 percent to the stock's Monday close. The offer price and dividend represent a total value of $11.30 per share.
Indian metals tycoon Anil Agarwal has been given extra time to buy the 33.5 percent of Vedanta Resources Plc he does not already own. The company said late on Monday that its independent directors, with the consent of the UK Takeover Panel, had agreed to extend the offer deadline until August 6 to "enable ongoing financing discussions" to be concluded. Spotify executive Troy Carter, who had been tasked with mending the relationship between the company and the music industry, is leaving the company.
Billionaire Anil Agarwal has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for 778 million pounds ($1 billion), the London-listed miner said on Monday. Agarwal's vehicle Volcan Investments had faced a deadline of 1700 London time (1600 GMT) to declare its intentions towards Vedanta but British regulator the Takeover Panel has granted an extension to Aug. 6 to facilitate financing talks between Volcan and its lenders over its all-cash bid, the miner said. It comes after Volcan said on July 2 that it planned to offer minority shareholders 825 pence a share to acquire the 33.5 percent of Vedanta that it does not already own and delist the group.
By Neha Dasgupta NEW DELHI (Reuters) - Indian state-owned miner NMDC is the highest bidder in a government e-auction for a gold mine in Andhra Pradesh, beating resources conglomerates Vedanta and Adani, ...
Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo American. Agarwal's Volcan family trust has until July 30 to make a firm offer or walk away from the deal, which would leave Vedanta listed only in India. In March 2017, Agarwal began amassing a stake in Anglo American through a three-year JPMorgan mandatory convertible bond named "POEMS".
Billionaire Anil Agarwal in July said he planned to offer around $1 billion to take London-listed Vedanta Resources Plc private, a move that has rekindled speculation his ultimate aim is a deal with miner Anglo American . Agarwal's Volcan family trust has until July 30 to make a firm offer or walk away from the deal, which would leave Vedanta listed only in India. In March 2017, Agarwal began amassing a stake in Anglo American through a three-year JPMorgan mandatory convertible bond named "POEMS".
India's decision to shut down Vedanta Resources' (VED.L) biggest copper smelter over environment concerns has hit 350 companies that buy its products and led to over 3,000 layoffs, a top company executive said. The Tamil Nadu state government ordered a permanent closure of the plant in May following protests over alleged environmental violations that turned violent and culminated in the police opening fire on protesters, killing 13 of them. The smelter, located in the port city of Thoothukudi in south India, is operated by Sterlite Copper, a unit of London-listed Vedanta controlled by Anil Agarwal.
India's decision to shut down Vedanta Resources' biggest copper smelter over environment concerns has hit 350 companies that buy its products and led to over 3,000 layoffs, a top company executive said. The Tamil Nadu state government ordered a permanent closure of the plant in May following protests over alleged environmental violations that turned violent and culminated in the police opening fire on protesters, killing 13 of them. The smelter, located in the port city of Thoothukudi in south India, is operated by Sterlite Copper, a unit of London-listed Vedanta controlled by Anil Agarwal.
LUSAKA (Reuters) - Vedanta Resources Plc's Zambian unit said on Thursday work at its Konkola Copper Mine underground copper shaft 4 was halted after one miner was killed in an accident to allow for investigations ...
Ground water in Vedanta Resources' Thoothukudi copper smelter contains heavy metals exceeding limits for drinking water, India's junior minister for water resources, Arjun Ram Meghwal, told lawmakers on Monday. The smelter was shut down in May under order of the Tamil Nadu government after 13 people died after coming under police fire during violent protests over alleged pollution. Vedanta, owned by billionaire Anil Agarwal, has previously denied that the smelter is responsible for pollution and described the closure of the plant it had operated for more than 22 years as an "unfortunate development".
Vedanta Ltd (VDAN.NS) would suffer a loss of about $100 million (77 million pounds) if its Tuticorin copper smelter in southern India continues to remain shut for a year, Chairman Anil Agarwal told television channel ET Now on Friday. Vedanta has sought a permanent injunction against the state government from interfering with the operations of its copper smelter, according to a petition filed with the country's environmental court. "This (plant) is about 2 percent of our balance sheet... and if the plant is shut down for the whole year we will have a loss of about $100 million," Agarwal told the channel.
Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature. Prices of the metal, which is used to galvanise steel, have underperformed other LME metals this year. Projects that will deliver more zinc concentrate to market include Vedanta's (VED.L) Gamsberg mine in South Africa and three Australian projects, namely Dugald River owned by MMG , another mine run by New Century Resources (NCZ.AX) and Glencore's (GLEN.L) Lady Loretta mine.
There will be no FTSE 100 companies going ex-dividend on Thursday. Among FTSE 250 companies going ex-dividend are: COMPANY DIVIDEND Tritax Big Box 1.34 Bank of Georgia 2.44 Cranswick 38.6 Vedanta Resources ...
Cairn said it still holds about 3 percent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales. The write down will result in an impairment charge in the company's half year results in September equal to the value of the total shares notified as having been sold by the tax department at that time, Cairn said. Indian metals and mining group Vedanta Ltd last year completed its buyout of oil and gas explorer Cairn India Ltd, giving Cairn a shareholding of about 5 percent in Vedanta plus an interest in preference shares.