Vedanta Mining News

India's Vedanta Q2 profit falls 34.3%, but beats Street

Aanalysts expected the miner to post a profit of 12.68 billion rupees.

Vedanta says will invest $700-$800m in South Africa smelter

Investment in South Africa on the rise

Vedanta to invest $4B in India block to boost output

Vedanta Ltd is investing to boost oil output from its flagship Barmer block in the desert state of Rajasthan to over 400,000 barrels per day (bpd) in 2021.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

Anil Agarwal given more time to make firm offer for Vedanta Resources

He 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).

Smelting constraints make zinc's price plunge look overdone

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.

Billionaire Agarwal continues deal spree with Vedanta buyout

Vedanta "can be the second- or third-largest resource company in the world."

Vedanta mulls options for Indian iron ore workers after shutdown-sources

Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.

Copper supply shock hits India as top plant ordered to close

About 13 people died at the site last week after police opened fire as locals protested against alleged pollution. 

Billionaire's battered miner may face investor, political unrest

A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

Vedanta sticks with plan to expand Indian smelter despite deadly protests

A company executive says Vedanta is not looking to set up plant elsewhere.

Agarwal wants to build Indian commodity giant to rival majors

Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.

Indian state seeks permanent closure of Vedanta's copper smelter-officials

The pollution control board of Tamil Nadu said the smelter was found last week to be preparing to resume production without permission. 

Vedanta says Indian copper smelter shutdown causing deficit, price rise

The unit has been shut for more than 50 days.

Vedanta considers building zinc smelter in South Africa

Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

Agarwal, who has been hunting for a new Vedanta CEO for more than a year, has consistently sought talent from the world’s biggest miners.

Last hurrah for the zinc price

The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.

Vedanta Resources expects supply constraints to sustain zinc prices

Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices.

Vedanta's request to renew copper smelter operations in India rejected

The rejection comes amid almost daily protests against a proposed expansion of the smelter by the people of Thootukudi.

Vedanta copper unit draws ire of movie stars on pollution claims

Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.

Vedanta, others can transport royalty-paid iron ore from Goa -Court

India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.

Britain's Vedanta hit by up to $600 mln charge for Goa iron ore unit closure

The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.

Vedanta shuts protests-ridden copper smelter in India for 15 days

The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.

Vedanta hit by iron ore mining halt in Goa

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.