trending Market Intelligence /marketintelligence/en/news-insights/trending/16L9xxLDi39XReovnjpLbw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Lower commodity prices weigh on Vedanta Resources' fiscal H1 EBITDA

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Lower commodity prices weigh on Vedanta Resources' fiscal H1 EBITDA

Vedanta Resources Ltd.'s revenue for the six months ended Sept. 30, 2019, fell 5% year over year to US$6.13 billion due to lower prices for its products, with EBITDA falling 19% to US$1.40 billion.

The company swung to an attributable net profit of US$503 million for the first half of fiscal 2020 from a year-ago loss of US$327 million, according to a statement released Dec. 31, 2019, on the London Stock Exchange. Profit improved mainly due to a US$331 million tax credit due to new Indian tax amendments.

Its Indian zinc operations produced 429,000 tonnes of refined metal, up 1% on a yearly basis with silver output down 5% to 9.4 million ounces. Vedanta's international zinc operations produced 123,000 tonnes of refined metal, up 130% year over year, thanks to the start of output at its Gamsberg operations in South Africa.

Aluminum output fell 3% year over year to 947,000 tonnes despite output at its Lanjigarh refinery jumping 27% to a record 856,000 tonnes. Hot metal output in its steel segment was up 15% to 645,000 tonnes.