Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Delayed Quote. Delayed  - 11/17 05:35:08 pm
772 GBp   +0.26%
11/17 VEDANTA RESOURC : Block Listing Application
11/14 VEDANTA RESOURC : Interim Dividend Arrangements
11/10 VEDANTA RESOURC : Interim Results Release - FY18
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Vedanta Eyes First Liberia Iron Shipment By March 2014

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2012 | 04:11pm CET

--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

Of

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; [email protected]

Stocks mentioned in the article : Vedanta Resources plc, Vedanta Resources plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VEDANTA RESOURCES
11/17 VEDANTA RESOURCES : Block Listing Application
11/14 VEDANTA RESOURCES : Interim Dividend Arrangements
11/10 VEDANTA RESOURCES : Interim Results Release - FY18
11/10 VEDANTA RESOURCES : Rising zinc output helps lift miner Vedanta's first-half pro..
11/07VEDANTA RESOURCES PLC : half-yearly earnings release
11/06 VEDANTA LIMITED : announces Q2 FY2018 Results
11/02DJVEDANTA RESOURCES : Indian Subsidiary 2Q Net Profit Rose 47%
10/31 VEDANTA RESOURCES : to invest $9 billion in India, says Anil Agarwal
10/28 ADANI ENTERPRISES : Vedanta, Adani eye Rs58,900-cr MP diamond mining project
10/26 EXCLUSIVE : Vedanta, Adani may bid for $9 billion Indian diamond mine left by Ri..
More news
News from SeekingAlpha
11/13 Vedanta Resources (VDNRF) Investor Presentation - Slideshow Vedanta Resources..
11/13 Vedanta Resources (VDNRF) Investor Presentation - Slideshow Vedanta Resources..
11/13 The Time Is Right For Industrial Metals Miners
11/10 Vedanta Resources' (VDNRF) CEO Kuldip Kalra on Q2 2018 Results - Earnings Cal..
11/10 Anglo American should not be split up, largest shareholder says
Financials ($)
Sales 2018 14 425 M
EBIT 2018 2 935 M
Net income 2018 419 M
Debt 2018 8 823 M
Yield 2018 4,89%
P/E ratio 2018 13,46
P/E ratio 2019 17,11
EV / Sales 2018 0,80x
EV / Sales 2019 0,68x
Capitalization 2 752 M
Chart VEDANTA RESOURCES
Duration : Period :
Vedanta Resources Technical Analysis Chart | VED | GB0033277061 | 4-Traders
Technical analysis trends VEDANTA RESOURCES
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 11,6 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Kuldip Kumar Kaura Chief Executive Officer
Anil Kumar Agarwal Executive Chairman
G. R. Arun Kumar Chief Financial Officer
Navin Kumar Agarwal Executive Vice Chairman
Aman Som Mehta Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
VEDANTA RESOURCES-12.22%2 752
BHP BILLITON LIMITED8.82%104 076
BHP BILLITON PLC4.36%104 076
RIO TINTO12.27%86 388
RIO TINTO LIMITED18.86%86 388
ANGLO AMERICAN23.62%26 573