Information  X 
Enter a valid email address

Vedanta Resources (VED)

  Print      Mail a friend       Annual reports

Friday 18 January, 2008

Vedanta Resources

Valuation of KCM

Vedanta Resources PLC
18 January 2008

                                                                 18 January 2008

                 Valuation of Konkola Copper Mines plc ('KCM')

Further to the announcement made by Zambia Copper Investments Limited ('ZCI'),
Vedanta Resources plc ('Vedanta') confirms that the option exercise price
relating to the call option deed dated 5 November 2004 between ZCI Holdings S.A.
('ZCI'), Vedanta and KCM has now been determined by NM Rothschild & Sons
Limited, the independent valuer, as being $213.15 million.

A further announcement will be made in due course as to whether Vedanta is to
exercise its option to purchase ZCI's shares in KCM, which represent 28.4% of
the issued shares in KCM.

For further information:

Sumanth Cidambi                 
Associate Director - Investor Relations   Tel: +44 20 7659 4732 / +91 22 6646 1531
Vedanta Resources plc

Faeth Birch                               Tel: +44 20 7251 3801
Robin Walker

About Vedanta Resources plc

Vedanta Resources plc is a London listed FTSE 100 diversified metals and mining
group. Its principal operations are located throughout India, with further
operations in Zambia and Australia. The major metals produced are aluminium,
copper, zinc, lead and iron ore. For further information, please visit


This press release 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,' 'should' 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 political, economic,
business, competitive or regulatory nature. These uncertainties may cause our
actual future results to be materially different that those expressed in our
forward-looking statements. We do not undertake to update our forward-looking

                      This information is provided by RNS
            The company news service from the London Stock Exchange