|Bid||778.50 x 22400|
|Ask||779.50 x 40000|
|Day's range||776.95 - 791.00|
|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|
Indian metals tycoon Anil Agarwal has backed the current structure of Anglo American, saying the miner should cherish its African businesses. Mr Agarwal, who is Anglo's biggest shareholder, said he was ...
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.
India's state-owned miner NMDC Ltd (NMDC.NS) plans to bid for a $9 billion diamond project in Madhya Pradesh, three sources directly involved with the plan told Reuters, competing against resources conglomerates Adani and Vedanta. NMDC plans to shortly send a team to Bhopal for talks with state authorities, one of the sources said. "We initially wanted the central government to directly give us the mine through nomination but it was turned down," another of the sources said, adding that the government wanted the mine to be sold via auction due to the large amount of interest.
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 , the Indian unit of diversified mining group Vedanta Resources Plc , posted a 47 percent rise in second-quarter profit, helped by improved commodity prices and higher zinc and copper ...
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.
The Zacks Analyst Blog Highlights: Vedanta Resources, Wheeler Real Estate Investment Trust, Abercrombie & Fitch Company, Vodafone Group and Guess???
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.
Albanese, who was asked to delay his departure by five months in March, will step down from the board on Aug. 31, but will remain chairman of Vedanta's Zambian copper business, Konkola Copper Mines. Kaura was CEO of Vedanta Resources from 2005 to 2008 and has been president of the office of the group's chairman since 2016.
Diversified miner Vedanta Resources' first-quarter core earnings rose about 48 percent on higher zinc production, with renewed demand for the metal driven by higher steel production in China. The company, which mines zinc in India, South Africa and Namibia, reported an 84 percent jump in mined metal content, mainly of zinc, at its Indian unit to 233,000 tonnes for the first quarter to June 30. Zinc is used to galvanise steel to protect it from rusting and steel producing countries such as China have ramped up production this year to support construction growth.
Diversified miner Vedanta Resources (VED.L) said mined metal production at its Indian zinc unit almost doubled in the first quarter due to higher volumes at all of its mines and better ore grades. The company, which mines zinc in Rajasthan, said mined metal content jumped 84 percent to 233,000 tonnes for the quarter ended June 30. The Rampura Agucha open pit-mine operator also said integrated zinc production rose 92 percent to 194,000 tonnes during the quarter and maintained its previous guidance of higher mined metal production for the full-year 2018 in its Indian zinc unit.
Mumbai, July 25 (IANS) Natural resources major Vedanta Ltd on Tuesday reported a more than doubling of its consolidated net profit to Rs 1,525 crore for the first quarter ended June 2017 on the back of better margins on most of the metals mined by the company. The Indian arm of London-listed energy major Vedanta Resources had posted a profit of Rs 754 crore in the corresponding quarter of last year, a company statement here said. The company's EBITDA (earning before interest, tax depreciation and amortisation) for the quarter in question rose 40 per cent over last year, to Rs 4,965 crore, on account of higher volumes at Zinc India and its aluminium business as well as higher commodity prices, Vedanta said.
Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a doubling of quarterly consolidated profit on Tuesday, as higher zinc prices helped the company to reap improved margins. Consolidated profit came in at 15.25 billion rupees ($236.76 million) in the quarter ended June 30, with profit from zinc operations in India rising three-fold to 18.15 billion rupees (http://bit.ly/2uwvYsK). The stock closed up 3.7 percent at 274.25 rupees on the National Stock Exchange.
London's Court of Appeal began hearing legal arguments on Wednesday into whether Zambian villagers have the right to make a claim for damages for environmental pollution in the English courts against miners Vedanta Resources and its Zambian subsidiary Konkola Copper Mines (KCM). The companies are appealing against a ruling in May last year when a High Court judge decided the claim could proceed in the English courts on behalf of 1,826 Zambian villagers. "Zambia is overwhelmingly the proper place for this mass tort claim," Charles Gibson Q.C., representing Vedanta, told the court on Wednesday.
REUTERS - Vedanta Ltd , the Indian unit of diversified energy group Vedanta Resources PLC , reported a consolidated quarterly profit, as revenue surged, driven by improved commodity prices and higher zinc ...
Indian metals and mining group Vedanta Limited said on Tuesday it had completed its buyout of oil and gas explorer Cairn India Ltd, consummating a deal that was delayed for months by investor opposition. Cairn India said in a separate statement its board had made the merger effective as of Tuesday. The deal gives Vedanta Limited, the Indian unit of diversified energy group Vedanta Resources PLC, access to Cairn's $3.5 billion cash pile, boosting its finances.
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 Rajasthan. Refined zinc production rose to 215,000 tonnes in the quarter ended March 31, from 154,000 tonnes a year earlier, the company said in a statement. Full-year integrated zinc production at its Indian unit fell 12 percent to 670,000 tonnes due to lower availability of mined metal in the first half of the year, Vedanta said.
The chairman of Indian miner Vedanta Resources said on Wednesday he had no plans to buy assets in South Africa from Anglo American or push for a board seat after announcing plans to buy a 13 percent stake in the mining giant. Indian billionaire and Vedanta Chairman Anil Agarwal said this month he would buy a 2 billion pound ($2.5 billion) stake in Anglo American, but said the purchase would be via his family trust Volcan Holdings rather than Vedanta. "I believe in the management, I believe in the company ... and felt that if I have a resource that I should make an investment in it," Agarwal told the FT Commodities Summit in Switzerland.