le Bar des Potos

Miners lower as Vedanta falls

Fri 08 Jul 2011
Sector movers: Miners lower as Vedanta falls LONDON (SHARECAST) - The mining sector was among the worst performing sector on Friday, with India-focused mining giant Vedanta Resources firmly in the red.

According to Reuters, the firm is unwanted over concerns that the government in India is considering a tax on the nation’s miners “to provide welfare of people affected by mining companies”. Shares tumbled nearly 5% in the afternoon.

comment feront ils pour maintenir les dividendes si ils paient plus d'impots ?

Ils investiront encore plus hors d'inde, tout comme le fait Total

Ceci risque d'affecter négativement la valorisation des mines indiennes de VED
==> ce qui va affecter négativement la structure du bilan de VED
==> VED va devoir améliorer la structure de son bilan

et la dernière fois que Anil a parlé de mettre KCM/KR en bourse, il a dit que ça serait pour améliorer la structure du bilan de VED...

Together: Vedanta has increased its stake in Cairn India after 10 months of delays.

London-listed Vedanta Resources Plc has finalised its $1.5 billion acquisition of a 10% stake in Cairn India from Cairn Energy and will work with the majority shareholder to buy more.

Upstream staff 12 July 2011 06:28 GMT

In an announcement to the London Stock Exchange, Vedanta announced it had bought 191.9 million shares in Cairn India from the company, giving it a total of 28.5% of the company’s total issued capital.

“Vedanta continues to work with Cairn Energy to secure the necessary consents to complete the purchase of a further 30% of the fully diluted share capital of Cairn India and a further announcement will be made in due course,” Vedanta said in its announcement.

Cairn Energy is the majority shareholder in Cairn India with 52.2%.

The acquisition was only approved last week by the Indian Cabinet Committee on Economic Affairs (CCEA), amid conditions installed to protect the interests of state-owned Oil & Natural Gas Corporation (ONGC).

Published: 12 July 2011 06:28 GMT | Last updated: 13 minutes ago



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