Page 40 - Vedanta

Vedanta might bid for coal mines to meet energy needs

The govt has not finalised the dates for holding a fourth round of coal mine auctions, annulled in December 2015

Vedanta readies $500 mn capex for its zinc business

The metal and mining conglomerate is among the world's largest integrated zinc-lead producers with an output of 1,115 kilo tonnes in 2015-16

Vedanta pegs aluminium production cost below $1400 in FY17

Aiming to close in on the gap with global producers like Rusal, Rio Tinto Alcan and Norsk Hydro.

Vedanta loss at Rs 11,181 cr as revenue drops 11%

Company takes non-cash impairment charge of Rs 12,304 crore largely due to Cairn India acquisition goodwill

Vedanta sells 1.6 MT of iron ore from Goa in Jan-Mar

The firm clocked a production of 1.9 MT during the reported quarter of the last fiscal

Vedanta faces refinancing risk for debt maturities in FY17 : Moody's

Sharp decline in oil price and reduction in taxes on production will have a muted impact on Vedanta's earnings

Vedanta firms up on winning gold mine block in Chhattisgarh

Vedanta has emerged as the successful bidder for the Baghmara Gold block in the State of Chhattisgarh

Vedanta bags India's first gold mine auction

Vedanta Ltd has won India's first-ever auction of a gold mine, a provincial government official said, as the nation opens up the sector to private companies to curb overseas purchases of the metal that cost it $36 billion last year.Vedanta, a unit of London-listed Vedanta Resources, beat three other bidders in the auction of the Baghmara mine in the eastern state of Chhattisgarh, the head of the state's directorate of geology and mining, Reena Kangale, told Reuters on Saturday.The company quoted the highest bid of 12.55 per cent of the Indian Bureau of Mines price of Rs 74,712 ($1,087) a troy ounce, Kangale said, adding she expected mining for potential reserves of about 2,700 kg to begin in two years.A troy ounce is equivalent of 31.10 grams.In a statement, Vedanta said the block measuring 6.08 sq km required extensive exploration and that the process would commence in "due course".India's insatiable appetite for gold has already prompted the government to raise import duties and lau

Vedanta wins country's first gold mine auction in Chhattisgarh

Company adds gold to its mineral portfolio