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Fitch Co flags concerns over Vedanta demerger
results vedanta
Fri, 12 Apr 2024 00:00:00 GMT
While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the

Vedanta commences mining in Goa's Bicholim block
Thu, 04 Apr 2024 00:00:00 GMT
Vedanta initiates mining operations at the Bicholim mineral block in Goa, marking the resumption of mining after a hiatus since the Supreme Court's lease cancellations in 2018. The move signals a collaborative effort between Vedanta and Goa, aiming for progress, prosperity, and community welfare through increased revenue

Vedanta charts course for growth across sectors, unveils $6 billion ...
alumina india investment vedanta
Sun, 24 Mar 2024 00:00:00 GMT
Vedanta charts course for growth across sectors, unveils $6 billion investment plan The Indian multinational mining and metal company Vedanta Ltd, spearheaded by billionaire Anil Agarwal, has unveiled an ambitious investment strategy, earmarking a colossal $6 billion across diverse business sectors. This strategic initiative is poised to augment the company's annual EBITDA by a min ... AL Circle Alumina

South32 tallies cyclone damage
Wed, 20 Mar 2024 04:17:03 GMT
As conditions under Tropical Cyclone Megan ease in northern Australia, South32 has begun to assess the damage to its GEMCO manganese

South32 tallies cyclone damage
Tue, 19 Mar 2024 22:33:01 GMT
As conditions under cyclone Megan ease in northern Australia, South32 has begun to assess the damage to its GEMCO manganese

Vedanta Challenges Goa Rural Improvement Cess Act in Supreme ...
Wed, 28 Feb 2024 02:07:03 GMT
Vedanta challenged a January 10 Bombay High Court order that rejected its plea

GQG swoops in on Vedanta: 2.2% stake may have been acquired in ...
Wed, 28 Feb 2024 01:25:03 GMT
The announcement of the stake sale coincides with Vedanta's approximately $6.4 Billion in outstanding debt.

Mining News - Red Dog ends 2023 with solid production
production zinc
Mon, 26 Feb 2024 07:08:00 GMT
Zinc production is expected to trend downward as ore grades decline over the coming four years. Teck Resources Ltd. Feb. 21 reported that its Red Dog Mine in Northwest Alaska produced 1.19 billion pounds of zinc in 2023 and forecasts similar output this year. Starting in 2025, however, zinc production from this operation, which accounts for more than 4% of the world's supply of

Mining News - Red Dog awarded the Zinc Mark stamp
production zinc
Tue, 13 Feb 2024 12:01:00 GMT
The world's first zinc mine to meet the high ESG standards to be awarded this mark of sustainability. Teck Resources Ltd.'s Red Dog Operations in Northwest Alaska is the world's first zinc mine to be awarded the Zinc Mark, a certification that the facility meets high environmental, social, and governance standards. Accounting for more than 4% of global zinc production

Ukraine: Ukrzinc declared bankrupt
ukraine zinc
Wed, 04 Oct 2023 00:00:00 GMT
In August, the Commercial Court of Donetsk region declared Ukrzinc OJSC bankrupt. The company has not been operating since 2002. New plants, such as Svinets LLC and Zinc PJSC, have appeared on its manufacturing assets. Ukrzinc was founded in Konstantinovka in 1930 to produce zinc. Its capacity then was 12 thousand tons of zinc pe

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