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Vedanta Resources plc news

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VED 369.30 -2.70 (-0.73%)
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Vedanta Aluminium sells ingots at $242/T premium
MUMBAI, June 28 Vedanta Aluminium, a unit of Vedanta Resources Plc, said on Thursday it has sold 3,000 tonnes of aluminium ingots at $242 per tonne, a premium over the average LME cash price on cost, insurance and freight (CIF) basis.
Vedanta Aluminium COO Dr. Mukesh Kumar says Odisha's mining potential ...
Should investors embrace the profits of sin?
Antofagasta, the copper miner, has beaten the Footsie by 800% and Vedanta Resources (VED) by 230%. Defence company Rolls-Royce (RR.
Michael Palin: 'The Dalai Lama and I have a lot in common'
Researching the book, Palin travelled to the Niyamgiri Hills in Orissa, where a local tribe, the Dongria Khond, have been fighting a long-running battle against an international mining conglomerate, Vedanta Resources, to protect their land from being ...
India: Bollygarchs at bay
Vedanta, the London-listed group headed by billionaire Anil Agarwal, provides a further instance. The India-focused conglomerate is engaged in a long and as yet unsuccessful tussle to win permission to mine bauxite for a planned 1m-ton aluminium ...
Scratching the surface: Are Zambians about to get their dues from foreign miners?
Vale's joint venture with African Rainbow Minerals Ltd. will invest $1bn in Zambia's Konkola North project, while Vedanta's Konkola Copper Mines Unit plans to spend approximately US$1bn over the next two years. London-listed Glencore International has ...
Aquarius halts mining after platinum falls
A decision to cease production at its Marikana mine follows a recent warning from Stuart Murray, chief executive of Aquarius, that the sector's prospects were threatened by “unabated on-mine cost inflation, little fundamental demand recovery and ...
South Africa eyes platinum's allure
But South Africa's recent experience with platinum and other resources shows that amounts of minerals in the ground does not automatically translate into a competitive manufacturing industry - skills, production costs and distance to markets are all ...
Healthy rise for Proximagen after US deal
With nervous traders sticking to the sidelines, mining shares were among those weighing on the benchmark index. Vedanta Resources dropped 24 to 915�p and Xstrata sank 50 to 920p. Commodities trader, Glencore International, slipped 11.85 to 355p.
Barrick replaces CEO in board shake-up
However, analysts at Citi noted that Barrick shares “have performed better” than its North American peers, adding “the company said they measure results on an absolute and relative basis, a tough hurdle for a mining executive, in our view”. Projects ...
How do you sleep at night, Mr Davis?
At least two people dead and more than 100 injured - this is the way Xstrata does 'community relations' in Peru. Meanwhile the mining company's boss Mick Davis is in line for a $44 million pre-merger bonus. Stephanie Boyd reports from Cuzco, Peru.