Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Vedanta Resources plc    VED   GB0033277061

Delayed Quote. Delayed  - 09/29 03:24:05 pm
592.5 GBp   +4.87%
09/26 VEDANTA : Signs Concession Agreement for redevelopment of Mormugao P..
09/26 VEDANTA RESOURC : Notice of Q2 production release
09/16 VEDANTA RESOURC : Deutsche Bank Conference Presentation, 14 Sept 201..
News SummaryMost relevantAll newsSector news 

Vedanta Eyes First Liberia Iron Shipment By March 2014

share with twitter share with LinkedIn share with facebook
share via e-mail
05/17/2012 | 04:11pm CEST

--Vedanta eyes first Liberia iron ore shipment in or by March 2014, scoping study due this quarter

-- Vedanta sees $500 million to $700M capex to develop a 30 million-ton-a-year iron ore project by 2016

-- Vedanta sees operating cash cost of $30-$35/ton, FOB and expects payback within two to three years

(adds details)

By Alex MacDonald


India-focused Vedanta Resources PLC (>> Vedanta Resources plc) expects the first shipment of iron ore from its Liberian investment to occur in or by March 2014, and it expects to complete the scoping study for the project this quarter.

P.K. Mukherjee, managing director of project owner Sesa Goa Ltd. (500295.BY), a majority-owned unit of Vedanta, said it would be developed in two phases with 7 million-10 million metric tons of iron ore produced from the first phase and about 20 million-25 million tons from the second phase.

In total, the Liberian operations are expected to produce around 30 million tons of iron ore annually at an operating cash cost of $30-$35/ton, free on board, he said.

The project is expected to be fully be commissioned by 2016, he said.

Anil Agarwal, Vedanta's chairman didn't say what the return would be on the project but he said "we always look at a payback of two- to three-years' time."

Agarwal said the project could cost between $500 million and $700 million to develop but although a more precise capital expenditure figure won't be known until the scoping study has been completed.

The Liberia iron ore project is forecast to be as cost competitive as Sesa Goa's iron ore operations in India, meaning it will be a low-cost iron ore producer, one of Vedanta's senior executives said.

-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex.macdonald@dowjones.com

Stocks mentioned in the article : Vedanta Resources plc, Vedanta Resources plc
share with twitter share with LinkedIn share with facebook
share via e-mail
09/26 VEDANTA : Signs Concession Agreement for redevelopment of Mormugao Port
09/26 VEDANTA RESOURCES : Notice of Q2 production release
09/16 VEDANTA RESOURCES : Deutsche Bank Conference Presentation, 14 Sept 2016
09/14 Moody's upgrades Vedanta Resources' CFR to B1 from B2; outlook stable
09/13 VEDANTA : drives literacy in rural India
09/12DJCairn India Shareholders Back Tie-Up With Vedanta-Update
09/12DJCairn India Shareholders Back Tie-Up With Vedanta
09/12 VEDANTA RESOURCES : Cairn India approves merger with Vedanta Ltd
09/10 VEDANTA RESOURCES : Shareholders, creditors approve cairn india merger
09/09DJVedanta Ltd Shareholders Approve Cairn India Merger
More news
Sector news : Integrated Mining
06:40aDJIn South Australia, Blackout Shuts Mines, Reignites Renewables Debate -- Upda..
04:45aDJBHP Billiton Shuts Down Olympic Dam Mine Amid Blackout
09/28 FTSE recovers from one-week low as miners rally
09/27 TECK RESOURCES : keen to regain investment-grade credit rating - CFO
09/27DJSamarco Mineraç ã o Bonds Plummet After Missed Interest Payment
More sector news : Integrated Mining
News from SeekingAlpha
08/01 Vedanta Resources reports FQ1 results
08/01 Vedanta Resources' (VDNRF) CEO Tom Albanese on Q1 2017 Results - Earnings Cal..
07/21 VEDANTA : An Indian Natural Resources Company With 135% Upside
05/12 Vedanta Resources' (VDNRF) CEO Tom Albanese on Q4 2016 Results - Earnings Cal..
05/12 Vedanta Resources reports FY15 results
Financials ($)
Sales 2017 11 373 M
EBIT 2017 1 308 M
Net income 2017 -99,0 M
Debt 2017 7 746 M
Yield 2017 4,11%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 0,86x
EV / Sales 2018 0,68x
Capitalization 2 037 M
More Financials
Duration : Period :
Vedanta Resources plc Technical Analysis Chart | VED | GB0033277061 | 4-Traders
Full-screen chart
Technical analysis trends VEDANTA RESOURCES...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 9
Average target price 6,07 $
Spread / Average Target -18%
Consensus details
EPS Revisions
More Estimates Revisions
Thomas Albanese Chief Executive Officer & Executive Director
Rajesh Padmanabhan President & Group Chief Human Resources Officer
Anil Kumar Agarwal Executive Chairman
Din Dayal Jalan Chief Financial Officer
Navin Kumar Agarwal Executive Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BHP BILLITON PLC44.34%82 819
RIO TINTO PLC24.27%61 462
GRUPO MEXICO S.A. DE C..26.15%19 277
More Results