Vedanta Mining News

Billionaire's copper plant, job losses pressure a key Modi ally

In Tamil Nadu, a small breakaway group is attempting to make inroads in one district by promising to shutter a copper smelter run by mining giant Vedanta Ltd.

Nearly 2,000 Zambian villagers can sue Vedanta in England – Supreme Court

The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.

IBM and Sandvik launch solution that tracks mining equipment performance

The companies say that their OptiMine Analytics technology is particularly useful when it comes to dealing with failing equipment and regular maintenance.

Vedanta’s Zambia unit says new tax regime won't affect jobs

“Our actions are designed to sustain and create jobs, grow the economy, and contribute more to the treasury.”

Zambia Vedanta unit halts operations at underground mine on tax concerns

Konkola Copper Mines (KCM), majority owned by Vedanta, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said.

Vedanta’s Black Mountain mine the latest to adopt Sandvik innovations

Vedanta Zinc will commission OptiMine for trucks, loaders and drills next year, accelerating data-driven operation for world-class mining safety.

India's green court to issue judgment on Vedanta smelter next week

A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.

Indian court panel says state government overreached by closing Vedanta smelter

The company was not given any notice or opportunity to explain its position.

Vedanta sells copper concentrate from stockpiles at shuttered India smelter

The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.

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.