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Vedanta Interim Results & Capital Market's Day Conference Call
“Vedanta Interim Results & Capital Market’s Day Conference Call” November 10, 2017 MANAGEMENT: MR. ANIL AGARWAL – CHAIRMAN, VEDANTA MR. KULDIP KAURA – CHIEF EXECUTIVE OFFICER, VEDANTA MR. SCOTT CAITHNESS – HEAD, EXPLORATION, VEDANTA MR. STEVEN DIN – CEO, KCM MR. SUDHIR MATHUR – CEO, OIL & GAS MR. SUNIL DUGGAL – CEO, ZINC INDIA MS. DESHNEE NAIDOO – CEO, ZINC INTERNATIONAL MR. SAMIR CAIRAE – CEO, INDIA DIVERSIFIED METALS MR. KISHORE KUMAR – CEO, IRON ORE MR. ABHIJIT PATI – CEO, ALUMINUM, JHARSUGUDA MR. AJAY DIXIT -- ALUMINA & TSPL POWER, VEDANTA MR. ASHWIN BAJAJ, HEAD, INVESTOR RELATIONS, VEDANTA Page 1 of 39 Vedanta Resources November 10, 2017 Moderator: Good day, ladies and gentlemen and welcome to the Vedanta Interim Results and Capital Markets Day Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing ‘*’ and then ‘0’ on your touchtone telephone. Please note that this conference is being recorded. Ashwin Bajaj: Ladies and gentlemen, very good morning. I am Ashwin Bajaj, Head of Investor Relations of Vedanta. Thank you for joining us today for our H1 FY 2018 Results and Capital Markets Day. Let me introduce our speakers and go over the agenda for today. Our Chairman -- Anil Agarwal will give an “Overview” followed by “Strategy Update” by our CEO -- Kuldip Kaura; this will be followed by Scott Caithness -- our Head of Exploration who is here on video. Our CFO -- Arun Kumar is unable to join us today for medical reasons, so I will cover the “Financial Update;” Mr. -
Skorpion Zinc a Jewel in the Desert
January 2018 FACT SHEET SKORPION ZINC A JEWEL IN THE DESERT • Key to the vision of Vedanta Zinc International (VZI) for a Southern African zinc complex of international standing • Aiming to become the safest, socially responsible 1Mtpa integrated zinc producer, in the Q1 median of the global cost curve Lisheen Mine OVERVIEWIRELAND Skorpion Zinc (Skorpion), a part of VZI, is located 25 kilometres north of the town of Rosh Pinah in the //Karas region of Head office southern Namibia. NAMIBIA Skorpion With Black Mountain Zinc Mining and the new, Black Mountain Mining flagship Gamsberg mine Gamsberg project across the border in South Africa’s Northern Cape SOUTH AFRICA province, Skorpion is a key component of VZI’s vision for a Southern African zinc complex of international standing. PAGE 1 SKORPION ZINC: A JEWEL IN THE DESERT Skorpion is the largest integrated zinc producer in Africa and the 8th largest zinc mine in the world. It is a conventional open pit oxide mine where the zinc oxide is quarried and then passed through a complex refining and metallurgical process, producing special high grade (SHG) zinc. It is the only Zinc Refinery in Africa. RESERVE AND RESOURCE The current reserve and resource is 26Mt The Pit 112 expansion, currently under There are further prospects for Skorpion (3Mt zinc), giving a life of mine (LoM) way, has allowed Skorpion to continue Zinc to play an important role in VZI’s vision to 2020. mining beyond 2017. for a Southern African zinc complex. See The Pit 112 expansion on page 3 for See Looking ahead on page 3 for more more information. -
Hindustan Zinc Limited
Hindustan Zinc Limited INVESTOR PRESENTATION AUGUST 2019 Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Hindustan Zinc Limited. Past performance of Hindustan Zinc cannot be relied upon as a guide to future performance. This presentation contains 'forward-looking statements' – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political, economic, -
VRPLC Results Presentation FY2019.Pdf
Cautionary Statement and Disclaimer The views expressed here may contain information derived from statement involves risk and uncertainties, and that, although we publicly available sources that have not been independently verified. believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions No representation or warranty is made as to the accuracy, could prove to be inaccurate and, as a result, the forward-looking completeness, reasonableness or reliability of this information. Any statement based on those assumptions could be materially forward looking information in this presentation including, without incorrect. limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be This presentation is not intended, and does not, constitute or form incorrect. This presentation should not be relied upon as a part of any offer, invitation or the solicitation of an offer to recommendation or forecast by Vedanta Resources plc and Vedanta purchase, otherwise acquire, subscribe for, sell or otherwise dispose Limited and any of their subsidiaries. Past performance of Vedanta of, any securities in Vedanta Resources plc and Vedanta Limited and Resources plc and Vedanta Limited and any of their subsidiaries any of their subsidiaries or undertakings or any other invitation or cannot be relied upon as a guide to future performance. inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form This presentation contains 'forward-looking statements' – that is, the basis of, or be relied on in connection with, any contract or statements related to future, not past, events. -
The Halting Progress of Privatization in India. Nandini Gupta* Current
From Commanding Heights to Family Silver: The Halting Progress of Privatization in India. Nandini Gupta* Current status of the privatization program In February 2010, India’s United Progressive Alliance (UPA) government, led by the Congress party, resurrected its stalled privatization program with a secondary offering of shares in National Thermal Power Corporation Ltd (NTPC), one of India’s best performing government-owned firms, which owns 20% of India’s power generation capacity. The sale of the $1.8 billion block of shares reduced the government’s existing stake in the company by an additional 5%, leaving 85% still under government control. However, the poor performance of the offering has raised alarm bells for the government’s future privatization plans. NTPC was subscribed just 1.2 times for the secondary offering, mainly with the help of government-owned financial institutions (“NTPC issue scrapes through with support from SBI, LIC,” The Economic Times, February 6, 2010). Although two foreign investment banks, Citigroup and J.P. Morgan were advising the company, the secondary offering did not attract any foreign institutional investment. The poor performance of the offering has also raised questions regarding the growth prospects of this company, which is a “navratna”, one of the nine “jewels” in the government’s crown. In a recent speech, the top ranking bureaucrat in the power ministry, HS Brahma, pointed out the company’s low employee productivity (“Power secretary censures NTPC for low productivity,” Daily News and Analysis India, February 15, 2010). The lackluster performance may also be due to investor skepticism regarding the company’s ability to compete effectively with a rapidly growing private sector. -
Hindustan Zinc (HINZIN)
Hindustan Zinc (HINZIN) CMP: | 223 Target: | 230 (3%) Target Period: 12 months HOLD October 21, 2020 Maintains volume guidance... Hindustan Zinc reported a mixed performance for Q2FY21. The topline came in line with our estimate while EBITDA and PAT were lower than our estimate. For the quarter, zinc sales volumes came in at ~181000 tonnes (up 8% YoY, 11% QoQ, marginally lower than our estimate: 185419 tonnes), lead sales volume came in at ~57000 tonnes (up 30% YoY, 27% QoQ, lower than our estimate: 60125 tonnes) while silver sales volume came in at Particulars ~203000 kg (up 50% YoY, 39% QoQ, higher than our estimate: 195000 kg). | Crore Topline came in at | 5660 crore (up 25% YoY, 42% QoQ), in line with our Market Capitalization 94,218 Update Result estimate of | 5668 crore. EBITDA came in at | 2952 crore (up 39% YoY, 87% Total Debt (FY20) 611 QoQ), lower than our estimate of | 3031 crore. EBITDA margin came in at Cash and Investments (FY20) 22,247 52.2%, marginally lower than our estimate of 53.5%. Ensuing PAT was at | EV 72,581 1940 crore (up 43% QoQ but down 7% YoY). HZL has announced an interim 52 week H/L (|) 258 / 122 dividend of | 21.3/equity share with a record date of October 28, 2020. Equity capital 845.1 Face value (|) | 2 Healthy reserve base provide earnings visibility over long term Price Chart HZL has a huge reserve base, which provides strong earnings visibility. During the year, total ore reserves increased from 92.6 million tonnes (MT) 300 15000 at the end of FY19 to 114.7 MT at the end of FY20 while mineral resources totalled 288.3 MT. -
Skorpion Zinc Refinery Sulphide Conversion Amendment to EIA Report
94 Mandela Avenue, Klein Windhoek, Namibia PO Box 81808, Windhoek, Namibia Tel: (+264) 61 248 614 Fax: (+264) 61 238 586 Web: www.gcs-na.biz Skorpion Zinc Refinery Sulphide Conversion Amendment to EIA Report Version – Final 25 August 2015 Skorpion Zinc (Pty) Ltd GCS Project Number: 14-756 Client Reference: Order Number - 4100019309 GCS (Pty) Ltd. Reg No: 2006/717 Est.2008 Offices: Durban Johannesburg Lusaka Ostrava Pretoria Windhoek www.gcs-na.biz Director: AC Johnstone Skorpion Zinc (Pty) Ltd Skorpion Zinc Sulphide Conversion Report Version – Final 25 August 2015 Skorpion Zinc (Pty) Ltd 14-756 DOCUMENT ISSUE STATUS Report Issue Final GCS Reference Number 14-756 Client Reference Order Number - 4100019309 Title Skorpion Zinc Refinery Sulphide Conversion AmendmentName to EIA Signature Date Author Eloise Carstens 28 July 2015 Document Reviewer Andrew Johnstone 28 July 2015 Director Andrew Johnstone 28 July 2015 LEGAL NOTICE This report or any proportion thereof and any associated documentation remain the property of GCS until the mandator effects payment of all fees and disbursements due to GCS in terms of the GCS Conditions of Contract and Project Acceptance Form. Notwithstanding the aforesaid, any reproduction, duplication, copying, adaptation, editing, change, disclosure, publication, distribution, incorporation, modification, lending, transfer, sending, delivering, serving or broadcasting must be authorised in writing by GCS. 14-756 25 August 2015 Page ii Skorpion Zinc (Pty) Ltd Skorpion Zinc Sulphide Conversion EXECUTIVE SUMMARY Skorpion Zinc life of mine will end in 2019. This will have an economic impact on both Rosh Pinah and the Namibian economy as a whole. In order to extend the life of the refinery and maintain the design production rate beyond 2019, Skorpion Zinc is planning to treat zinc sulphide concentrates in parallel to the oxide stream from 2017 to 2021. -
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5DXQDT(3&,QWHUQDWLRQDO/LPLWHG 5DXQDT(3&,QWHUQDWLRQDO/LPLWHG Our Valued Clients "Raunaq EPC International Limited", an Engineering Contract dedicated team of professionals at various levels in dif CLIENTS Company Porfile "Raunaq EPCXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX International Limited" engaged in turnkey execution of Engineering Projects, is a group companyXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX of the "Surinder P. Kanwar Group", having well established companies like Bharat XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Gears Limited, Clip-Lok Simpak (India) Pvt. Limited and Raunaq EPC International Limited. All these XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX companiesXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX have been meeting the escalating demands of national and international clients, with their qualityXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX manufactured products and engineering services for the core sector of industries and have provenXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX track record in the field of manufacturing Automobile Gear Boxes and Project works. "Raunaq EPC InternationalDATA Limited", REQUIRED an Engineering Contracting Organization managed by a dedicated team of professionals at various levels in different disciplines, is engaged primarily in the service of core infrastructural and industrial sectors in India, namely Power, Chemical, Hydro- carbon, Metal and Automobile sectors. Besides separate departments for Design & Engineering, Quality Assurance & Inspection etc., the company has a sufficient in-house resources in terms of Engineering -
Hpmg Shares & Sec
Your best guide to financial markets Weekly Research Reports GROWING TOGETHER www.hpmgshares.com HPMG Wealth (weekly) Top Sectors for the Week CONTENTS Title Page No. HPMG Wealth (Weekly) 03-04 Top Sectors for the Week 05-14 Weekly Pivot Table (Equities) 15 Weekly Pivot Table (Commodities) 16 Disclaimer 17 HPMG WEALTH WEEKLY Let Your Money Grow Confidently ! Stock ideas backed by strong research HPMG Wealth Weekly… Getting rich is easy with help of HPMG Wealth Weekly. This weekly research report helps you to identify the best five momentum stocks for the week. ‘Pick of the week’ is best among the mentioned five and is always with detailed ‘Technical & Macro outlook’. The trick to “Get Rich quickly and to Stay Rich forever” is a combination of alertness and awareness. With the right information on stocks from HPMG Wealth Weekly, your money is likely to grow confidently and living the “rich” life, is achievable. GROWING TOGETHER www.hpmgshares.com HPMG WEALTH WEEKLY Monday Let Your Money Grow Confidently ! 21st December, 2020 STOCKS CMP BIAS TRADING/ INVESTMENT STRATEGY Avanti Feeds is the leading manufacturer of shrimp feeds and Shrimp Processor with 45% market share in domestic shrimp feed market. The firm was incorporated in the year 1993 and is now having a market cap of Rs AVANTI FEEDS 550 Positive 7417 Crores. Technically, downside seen well supported at 453-469 zone. Look to buy at CMP, and on dips between 491-495 zone, targeting 587.50/601 and then aggressive targets at 621 mark. Stop below 447. Holding Period: 2-3 Months. -
Vedanta Resources V Zambian State Mining Company ZCCM-IH: Does Anyone Win?
Vedanta Resources v Zambian State Mining Company ZCCM-IH: Does Anyone Win? Kluwer Arbitration Blog October 8, 2019 Sadaff Habib (Assistant Editor for Africa) (Beale & Company LLP) and Abdul Jinadu (Keating Chambers) Please refer to this post as:Sadaff Habib (Assistant Editor for Africa) and Abdul Jinadu, ‘Vedanta Resources v Zambian State Mining Company ZCCM-IH: Does Anyone Win?’, Kluwer Arbitration Blog, October 8 2019, http://arbitrationblog.kluwerarbitration.com/2019/10/08/vedanta-resources-v-zambi an-state-mining-company-zccm-ih-does-anyone-win/ With over $3 billion invested by Vedanta Resources in Zambia since it became a shareholder in Konkola Copper Mines (KCM) in 2004, it is a less optimistic turn of events with Vedanta Resources and fellow shareholder, the government-owned Zambian State Mining Company ZCCM-IH (ZCCM), being at loggerheads in arbitration. In this post, we examine what led to this downward spiral in relations and what this means for investors in the mining industry in Zambia. Why Arbitrate Against Zambia? On 21 May 2019, the Zambian government sought anex parte order from the Lusaka High Court in Zambia to appoint, Mr Milingo Lungu, as provisional liquidator of Konkola Copper Mines (KCM), one of the country’s biggest employers in the mining industry. KCM is majority-owned by Vedanta Resources (part-owner of the Mumbai listed Vedanta group of companies) and the Zambian State Mining Company ZCCM-IH (ZCCM) holds a roughly 20 percent stake. Why did Zambia take such a serious step against one of its most prominent investors? The Zambian government appears to have several grievances with Vedanta’s operations in Zambia. -
The Mineral Industry of Namibia in 2016
2016 Minerals Yearbook NAMIBIA [ADVANCE RELEASE] U.S. Department of the Interior February 2020 U.S. Geological Survey The Mineral Industry of Namibia By James J. Barry In 2016, the diamond sector continued to be a significant 16%, for Swakop Uranium; about 10%, for Rössing Uranium contributor to Namibia’s economy. In terms of the average Ltd.; and 9% each, for B2Gold Namibia (Pty) Ltd., De Beers value of diamond production in dollars per carat ($533), the Marine Namibia (Pty) Ltd. (Debmarine), and Skorpion Zinc and country ranked second in the world after Lesotho. In terms of Namzinc (Pty) Ltd. (Chamber of Mines of Namibia, 2017, p. 19, the total value of its rough diamond production ($915 million), 90–91). the country ranked fifth after South Africa. Namibia was ranked ninth in the world in terms of rough diamond production by Production weight (carats). Namibia’s total diamond exports were valued at In 2016, copper electrowon production increased by 54% about $1.1 billion (about 1.9 million carats of diamond) in 2016. to 16,391 metric tons (t) from 10,659 t in 2015, which was According to the World Nuclear Association, Namibia’s Rössing attributed to the Tschudi Mine reaching nameplate capacity Mine and Langer Heinrich Mine were capable of providing 10% of 17,000 metric tons per year (t/yr). Uranium production of the world’s uranium output; the Langer Heinrich Mine was increased by 22% to 3,654 t (uranium content) in 2016 from one of the leading producing uranium mines in the world. The 2,993 t in 2015. -
Southern Africa Human Rights Policies & Practices of Companies May 2020 Featured on the Transition Minerals Tracker
01 Southern Africa Human rights policies & practices of companies May 2020 featured on the Transition Minerals Tracker Background Regional distribution The Business & Human Rights Resource Centre conducted research of allegations on the human rights policies and allegations relating to companies mining cobalt, copper, lithium, manganese, nickel and zinc, minerals We collected 73 allegations from the Southern Africa that are crucial in the transition to low-carbon technologies (including Development Community, the majority of which came solar panels, wind turbines and electric vehicle batteries). Companies from DRC and Zambia. were selected if they were among the top 5 global producers of one of these minerals, or alternatively, if they were among the top 5 producers of one of these minerals in the Southern Africa Development Community.* The following findings relate to companies operating in the Southern Africa Development Community. Overall findings 39/73 DRC We tracked a total of 22 mining companies with operations in the Southern Africa Development Community. Out of these: 4/73 Madagascar 25/73 Zambia Have a publicly available Have human rights human rights policy allegiations against them 10 11 1/73 Namibia The number of companies had changed from 24 to 22 in this updated because of methodological changes in the way joint ventures are recorded. 1/73 South Africa 3/73 Zimbabwe * Tanzania is not included in this analysis THEMATIC DISTRIBUTION OF ALLEGATIONS Health Tax avoidance The issues most frequently raised against Deaths 8 mining companies in the Southern Africa 7 8 Development Community were related to Labour rights the environment, access to water, health, 3 tax avoidance and land rights.