Vedanta

Up to 8 bidders eyeing Ivanhoe Australia gold/copper mine stakes

Two sources with knowledge of the matter say second-round bids are due later this month, with preliminary interest seen from Anglo American, OZ Minerals, Vedanta Group and Aditya Birla Group.

Vedanta poised to float Zambian copper arm in $7.3bn IPO

Indian controlled and London listed diversified miner, Vedanta is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer for around US$7.3bn.

Vedanta bought an initial 51% stake in Konkola Copper Mines in 2004 for a paltry US$261m, and subsequently increased its holding to the current 79.4% with the Zambian Government holding the balance, so an IPO valuing the company at over $7bn represents a huge gain for the multinational, founded and controlled by Indian entrepreneur Anil Agarwal.

Strong metals prices boost Vedanta full year earnings 29%

India-focused miner Vedanta Resources (VED.L) posted a 29 percent jump in full-year earnings per share, on the back of strong metal prices and a background of robust demand for commodities.

Vedanta, with operations in India, Australia and Zambia, said on Thursday basic EPS came in at 283 cents.

Vedanta buys 11% of Cairn India from Petronas

Analysts say the $1.5 billion share purchase will be useful if Vedanta fails to get a big response from minority shareholders for its open offer for the Indian oil and gas firm.

Vedanta announces record Q4 aluminium production

Indian-focused miner Vedanta Plc (VED.L: Quote) saw record aluminium production in its fourth quarter and a 29 percent jump in refined zinc from its Indian operations, helping it take advantage of rising metal prices.

Four copper miners killed at Vedanta's Nchanga operation

Four miners have been killed in an accident at Vedanta's Nchanga copper mine in Zambia. They were working on a new section adjacent to the major open pit mine.

Vedanta posts 35% Q3 upturn; zinc production climbs

Quarterly gross earnings hit record at $895 million. Refined zinc output up 20% since purchase of operations from Anglo American.

Hind Zinc to become one of top silver producers by March 2011

Vedanta group firm Hindustan Zinc Wednesday said it is set to become one of the top producers of silver in the world, with an estimated output of 500 tonnes by March 2011, more than double its production at present. The …

Major Australian mining contract further increases global presence for Redpath Group

Copper Mines of Tasmania, a subsidiary of the world's largest zinc miner, Vedanta, is working with Redpath Australia, part of The Redpath Group (based in North Bay, Canada) on mine development and construction at Mt. Lyell, Tasmania.