i believe its July 12th for final day. Ex divi from then. payable in August.
just over 23p, probably payable early Sept. ex div usually Aug. if the same as last year. Unusual because the interim divi was paid just 3 months later.
good results RNS
1500 looking good for year end.
in Zambia reopened today. LUSAKA, May 14 (Reuters) - Zambia's Konkola Copper Mines, owned by London-listed Vedanta Resources (Other OTC: VDNRF - news) , is restarting its Nchanga smelter, which halted production in April, the company said on Tuesday. Production at Nchanga, which produces 311,000 tonnes of copper a year, was suspended on April 19 after a leak through the wall of the furnace."The heating up at the Nchanga Smelter has resumed in preparation for full production by Friday," Konkola said in a statement.The Nchanga smelter handles ore from mines including Lumwana, owned by Barrick Gold, and Lubambe, jointly owned by Brazil's Vale and South Africa's African Rainbow Minerals.
Vedanta Resources: Deutsche Bank raises target price from 1230p to 1290p and downgrades to hol
10 May '13
Cairn India acquisition
given green light. NEW DELHI: Economic Times 10th May - The Supreme Court dismissed a petition challenging the $8.5-billion Cairn-Vedanta deal, and ruled that a commercial decision cannot be regarded as mala fide or driven by ulterior motives merely on the grounds that it looks wrong in hindsight. Significantly, the court also said it cannot grant relief by merely relying on a CAG report. While the national auditor is indisputably an independent constitutional functionary, it is equally important to consider the comments of the ministry, the court said. The Cairn-Vedanta deal was challenged in a PIL for allegedly causing state-owned ONG a loss of Rs 1 lakh crore. The court said it won't interfere in commercial decision unless it was mala fide or violated statutes. "We are of the view that on facts, as well as on law, the ONGC and the government of India have taken a prudent commercial and economic decision in public interest. We are not prepared to say that the decision is mala fide or actuated by any extraneous or irrelevant considerations or improper motive." The top court said it cannot sit on judgement over a "commercial or business decision taken by parties to the agreement, after evaluating and assessing its monetary and financial implications, unless the decision is in clear violation of any statutory provisions or perverse or for extraneous considerations or improper motives."
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