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Vedanta Q2 Copper Down
October 14, 2008 @ 9:33 am In Copper Company News
Vedanta Resources Pic [1], the India-focused metal group, saw its copper production fall in their second quarter.
Vedanta also said on Monday its expansion projects were progressing well, including a new aluminium smelter in India that is ramping up and a copper smelter in Zambia.
Vedanta shares, which have shed 65 percent since touching a peak in May, jumped 9.5 percent to 911 pence by 0715 GMT, outperforming a 6.2 percent increase in the UK mining index .
Find the article here [2].
Copper cathode output in India fell 11 percent to 81,000 tonnes due to problems following a maintenance shutdown in the first quarter while in Zambia it declined 7.5 percent to 37,000 tonnes due to lower grades.
Read the article here [3].
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URLs in this post:
[1] Vedanta Resources Pic: http://www.vedantaresources.com/
[2] here: http://www.reuters.com/article/rbssMiningMetalsSpecialty/idUSLE68366320081014
[3] here: http://www.reuters.com/article/rbssMiningMetalsSpecialty/idUSLE68366320081014?pageNumber=2&virtualBrandChannel=0
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