Vedanta Resources Share News (VED)

UPDATE 1-Zambia to bring in variable tax on mining royalties

* Mineral royalties to be determined by price * Royalty tax rate to range between 3-9 percent * Chamber of Mines welcomes planned sliding scale (Adds detail, comment from Chamber of Mines) By Chris Mfula LUSAKA, Dec 22 (Reuters) - Zambia, Africa's second largest copper p

BROKER RATINGS SUMMARY: UBS Initiates Restaurant Group At Buy

BROKER RATINGS SUMMARY: Berenberg Upgrades Meggitt To Buy From Hold

FTSE 250 movers: Commodities downturn clobbers midcaps

(ShareCast News) - The FTSE 250 bounced around on Monday with the market in the red by mid-afternoon, down 16.77 points (0.10%) to 16,860.52. The commodities downturn hit a number of FTSE 250 companies on Monday, with Evraz down over 15% by mid-afternoon. Three-month metal contracts were down, with

UPDATE 1-Vedanta's Zambian unit says faces slight copper output losses after power blackout

(Adds details, energy minister, CEC) LUSAKA, Dec 11 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Friday it would suffer slight output losses following a countrywide power blackout which hit Africa's second-largest copper producer. Most of Zambia

Vedanta's Zambian unit says faces slight copper output losses after power blackout

LUSAKA, Dec 11 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Friday it would suffer slight output losses following a countrywide power blackout which hit Africa's second-largest copper producer. Most of Zambia was affected by a power blackout on Thursd

UPDATE 1-Zambia announces sharp rise in electricity tariffs

(Adds quotes, mining firms not affected) LUSAKA, Dec 2 (Reuters) - Zambia announced a sharp increase in electricity tariffs on Wednesday, aiming to generate revenue for investment in additional supply, but said mining firms would be exempt. The average price of electricity was raised

Zambia regulator sharply raises electricity tariffs

LUSAKA, Dec 2 (Reuters) - Zambia's power regulator has approved new tariffs that sharply increased the cost of electricity to 10.35 U.S. cents per kilowatt hour (KWh) from 6 U.S. cents per Kwh, it said on Wednesday. Zambia's state power utility Zesco Ltd had applied for the higher tariffs i

REFILE-IEA sees India's oil imports rising despite plans to up domestic output

(Fixes typo in third paragraph, inserts missing words in last paragraph) * Imported oil will meet 90 pct of India's needs by 2014 * Domestic output to tail off due to limited resources, high costs By Sankalp Phartiyal NEW DELHI, Nov 27 (Reuters) - India's reliance on forei

UPDATE 1-Zambia's Lungu says won't take over struggling mines

(Adds quotes, job losses, spending cuts, details) LUSAKA, Nov 26 (Reuters) - Zambia does not plan to take over mines that have shed jobs after a sharp fall in global copper prices, President Edgar Lungu said on Thursday, backtracking from a warning earlier this month that the state would ta

PRESS: China Considers Short-Selling Probe In Domestic Metals

UPDATE 1-Vedanta's Zambia unit to mothball copper mine as demand wanes

(Adds details) LUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it would mothball its loss making Nchanga underground mine from Nov. 27, a sign of the increasingly weak global demand for base metals. Benchmark copper on the L

RPT-Zambia's Konkola puts Nchanga mine under care and maintenance

(Repeats with no changes to text) LUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it was placing its Nchanga underground mine under managed care and maintenance from Nov. 27 as it was making losses. KCM said the mine's perma

Zambia's Konkola puts Nchanga mine under care and maintenance

LUSAKA, Nov 26 (Reuters) - Zambia's Konkola Copper Mines (KCM), owned by Vedanta Resources, said on Thursday it was placing its Nchanga underground mine under managed care and maintenance from Nov. 27 as it was making losses. KCM said the mine's permanent employees would be deployed within

Friday broker round-up

(ShareCast News) - South32 Limited: UBS downgrade to neutral, trims target price to 67.00p. Vedanta Resources: UBS downgrades to neutral, cuts target price to 400.00p. Imi: Nomura upgrades to buy, bumps down target price to 955.00p. Diageo: JP Morgan Cazenove upgrades to overweight, lifts target p