Vedanta Resources Plc

Police in the port city of Thoothukudi in Tamil Nadu gave no warning last Tuesday before firing with live ammunition on protesters seeking the closure of a copper smelter owned by London-listed Vedanta Resources Plc, according to 16 witnesses interviewed by Reuters.

Billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.

Vedanta Resources Plc has said its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in Thootukudi in Tamil Nadu was rejected by the state pollution regulator.

Vedanta Resources chairman Anil Agarwal also expressed hope that the retrospective taxation issue between Cairn Plc and the government would soon be sorted out.

Vedanta's Konkola Copper Mines Plc (KCM) based in Zambia has been ordered to pay approximately $103 million to Zambia Consolidated Copper Mines Investments Holdings

Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.

Arun Kumar will take over from D D Jalan, who retired on Friday, the company said.

Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.

Vedanta Resources on Monday reported a 18 per cent decline in profit before taxes and interest to $527.1 million (nearly Rs 3,439 crore) for the quarter ended June 30, on account of lower revenue.

Moody's Investors Service on Monday said Vedanta Ltd's revised terms for merging Cairn India with itself will have no immediate impact on Vedanta Resources Plc's rating and a successful execution of the merger will be credit positive.

Vedanta Group firm THL Zinc Ltd has sought rollover of a controversial $1.25-billion loan taken from the conglomerate's cash-rich oil explorer Cairn India in July 2014.

Mining and energy group Vedanta Resources Plc said on Wednesday it would not pay a dividend for the first half, after reporting a fall in core profit hit by the commodities slump.

Fund firm Aviva Investors said on Wednesday that it opposed a $2.3-billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as early as next month to restart a few mines in Goa and was positioned to restart mining at a rate of 5.5 million tonnes a year.

Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said on Sunday.

Police in the port city of Thoothukudi in Tamil Nadu gave no warning last Tuesday before firing with live ammunition on protesters seeking the closure of a copper smelter owned by London-listed Vedanta Resources Plc, according to 16 witnesses interviewed by Reuters.

Billionaire Anil Agarwal often talks about his dream to turn his London-listed company Vedanta Resources into a global resources giant. He has already bought stakes in big mining companies, such as Anglo American Plc, and says he plans to spend at least $1 billion on investments in Africa.

Vedanta Resources Plc has said its application for renewal of consent to operate its copper smelting plant, one of India's biggest, in Thootukudi in Tamil Nadu was rejected by the state pollution regulator.

Vedanta Resources chairman Anil Agarwal also expressed hope that the retrospective taxation issue between Cairn Plc and the government would soon be sorted out.

Vedanta's Konkola Copper Mines Plc (KCM) based in Zambia has been ordered to pay approximately $103 million to Zambia Consolidated Copper Mines Investments Holdings

Last month, Cairn India shareholders approved merger of the company after LIC and Cairn Energy PLC of the UK voted in favour of the sweetened merger ratio.

Arun Kumar will take over from D D Jalan, who retired on Friday, the company said.

Cairn India shareholders on Monday approved merger of the company with its parent Vedanta Ltd after Life Insurance Corporation (LIC) and Cairn Energy plc of UK voted in favour of the sweetened merger ratio.

Vedanta Resources on Monday reported a 18 per cent decline in profit before taxes and interest to $527.1 million (nearly Rs 3,439 crore) for the quarter ended June 30, on account of lower revenue.

Moody's Investors Service on Monday said Vedanta Ltd's revised terms for merging Cairn India with itself will have no immediate impact on Vedanta Resources Plc's rating and a successful execution of the merger will be credit positive.

Vedanta Group firm THL Zinc Ltd has sought rollover of a controversial $1.25-billion loan taken from the conglomerate's cash-rich oil explorer Cairn India in July 2014.

Mining and energy group Vedanta Resources Plc said on Wednesday it would not pay a dividend for the first half, after reporting a fall in core profit hit by the commodities slump.

Fund firm Aviva Investors said on Wednesday that it opposed a $2.3-billion plan by Vedanta Ltd to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.

Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as early as next month to restart a few mines in Goa and was positioned to restart mining at a rate of 5.5 million tonnes a year.

Billionaire Anil Agarwal-led mining firm Vedanta is confident of closing the merger deal with Cairn India by March 2016, a top executive said on Sunday.