UK’s Vedanta Resources working with regulators to restart Indian copper smelter


UK’s Vedanta Resources working with regulators to restart Indian copper smelter

British mining and energy conglomerate Vedanta Resources Plc reported better-than-expected growth in full-year core profit and revenue on Wednesday, driven by stronger commodity prices.

A rebound in metals prices has prompted the miner, controlled by billionaire Chairman Anil Agarwal, to expand production of zinc and aluminium, enabling continued recovery after being particularly hard-hit by a commodities slump.

Agarwal said Vedanta remained well-positioned to capitalise on India’s growing resources demand. Read More

 

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