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Vedanta Resources News

UPDATE 2-Zambia power firm CEC restores power to mines after blackout
28 Apr 2015

UPDATE 2-Zambia power firm CEC restores power to mines after blackout

* Zambia hit by national blackout on Monday * Mining firms affected, losses unquantifiable yet (Recasts with power restored, fresh KCM comment) By C...

Vedanta's Zambia unit halts copper production after power outage
28 Apr 2015

Vedanta's Zambia unit halts copper production after power outage

LUSAKA, April 28 (Reuters) - Zambia's Konkola Copper Mines (KCM) owned by London-listed Vedanta Resources halted production on Monday after a nationwi...

FTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade
27 Apr 2015

FTSE 250 movers: Supergroup soars on RBC upgrade, Lonmin lower after Exane downgrade

SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperfor...

FTSE 250 movers: Acacia boosted by Citi coverage, Rotork flows lower on weak Q1
24 Apr 2015

FTSE 250 movers: Acacia boosted by Citi coverage, Rotork flows lower on weak Q1

Acacia Mining was trading higher as Credit Suisse initiated the stock with an 'outperform' rating, despite the gold miner reporting an 18% fall in its...

UPDATE 3-Barrick will not suspend copper mine as Zambia backs down on royalties
23 Apr 2015

UPDATE 3-Barrick will not suspend copper mine as Zambia backs down on royalties

* Barrick says will continue operations "at this time" * Cabinet sets mining royalties at 9 pct * Corporate income tax for mines set at 30 pct * Vedan...

Vedanta's Zambia unit to remain loss-making under new tax regime -CEO
23 Apr 2015

Vedanta's Zambia unit to remain loss-making under new tax regime -CEO

LUSAKA, April 23 (Reuters) - Zambia's Konkola copper mines, a unit of Vedanta Resources Plc, will remain loss-making under a new tax regime that comes...