Vedanta Resources Share News (VED)

UPDATE 1-Zambia Vedanta mine workers strike over delayed pay talks

(Adds company comments) LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources, in a dispute over the pace of wage talks, a union official said on Wednesday. The stoppage at

Zambia Vedanta mine workers strike over delayed pay talks -union

LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools at a mine and copper processing plant belonging to Konkola Copper Mines (KCM), a unit of Vedanta Resources, in a dispute over the pace of wage talks, a union official said on Wednesday. "The day shift workers have not entered the p

Zambia withholding $243 million in tax refunds owed to mining firms

LUSAKA, Dec 28 (Reuters) - Zambia is withholding 2.4 billion kwacha ($243 million) of the 5 billion kwacha owed to mining companies in tax refunds because the correct documentation has not been provided, the tax authority said on Wednesday. Zambia's government began paying up to 800 million

UPDATE 1-British court orders Vedanta's Zambia unit to pay government $100 mln

(Adds details, quotes from company spokesman) LUSAKA, Dec 20 (Reuters) - Konkola Copper Mines (KCM), owned by Vedanta Resources < VED.L>, has been ordered by a London court to pay the Zambian government more than $100 million for a claim related to the copper price, a state-owned company in

FTSE 250 movers: Oil stocks boosted by non-OPEC deal; BGEO loses flow

(ShareCast News) - The FTSE 250 index fell 0.6% to 17,627.04 in the late afternoon. Oil prices rose as non-OPEC members including Russia agreed to cut production by 558,000 barrels per day, less than the 600,000 barrels a day they had been asked for but with Saudi Arabia signalling deeper cuts mi

FTSE 250 movers: Oil stocks gush ahead while Cranswick loses out

(ShareCast News) - The FTSE 250 index rose 0.13% to 17,457.33 in the late afternoon. Oil prices continued their steady advance following OPEC's decision to cut its production by 1.2m barrels a day, propping up shares in Tullow Oil, Vedanta Resources (VR) and Petrofac on Monday. Goldman Sachs maintai

BROKER RATINGS SUMMARY: Citi Raises BHP, Anglo, Rio Tinto And South32

UPDATE 1-Vedanta to invest up to $2.9 bln over 3 years in key India plants

* Plans to expand alumina refinery, aluminium smelter in Odisha * Still in talks with state entity to get bauxite locally * Sees OPEC production cut as a positive for oil business (Adds quotes, details) By Devidutta Tripathy and Jatindra Dash BHUBANESWAR, India, Dec 1 (R

Vedanta to invest 200 bln rupees over 3 yrs to expand aluminium capacity

BHUBANESWAR, India Dec 1 (Reuters) - Mining conglomerate Vedanta plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Vedanta Resources Plc. The company plans to expand the capacity

LONDON BRIEFING: UK Banks Pass Stress Test But Lloyds Better Than RBS

UPDATE 1-Zambia's chamber of mines sees rising copper output in 2016

(Adds quotes, detail) LUSAKA, Nov 23 (Reuters) - Zambia's copper production is expected to increase by 4 percent to 740,000 tonnes this year, the Chamber of Mines in Africa's second-largest producer of the metal said on Wednesday. A government forecast in February indicated Zambia's c

FTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie

(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward

FTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal

(ShareCast News) - The FTSE 250 index was down 0.48% at 17,488.87 at 1604 GMT on Wednesday. Goldman Sachs upgraded Vedanta Resources from 'Neutral' to 'Buy', raised its price target from 450p to 1,300p and added it to their Conviction List, sending its shares up. The bank believes the price of zinc

BROKER RATINGS SUMMARY: Goldman And Deutsche Raise Miner Price Targets

Tuesday broker round-up

(ShareCast News) - Dairy Crest: Jefferies downgrades to underperform with a target price of 500p. Royal Dutch Shell: HSBC reiterates buy with a 2360p target. Polymetal: Jefferies stays at underperform with a 700p target. Tesco: Credit Suisse reiterates underperform with a 130p target. Paddy Power