14th Feb 2008 07:00
Vedanta Resources PLC13 February 2008 Vedanta Resources PLC Update on KCM Call Option Further to our announcement on 18 January 2008, the Board of Vedanta Resourcesplc has decided to complete the exercise of its option to purchase the 28.4 percent stake in Konkola Copper Mines plc ("KCM") held by ZCI Holdings S.A.("ZCI"). Vedanta has today notified ZCI of its decision to acquire the optionshares at the option exercise price, as determined by the independent valuer, of$213.15 million. The Zambian Competition Commission has given its interimauthorisation for the transaction to proceed. Completion of this transaction isexpected to occur shortly. For further information:Sumanth Cidambi sumanth.cidambi@vedanta.co.inAssociate Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531Vedanta Resources plc Faeth BirchRobin WalkerFinsbury Tel: +44 20 7251 3801 About Vedanta Resources plcVedanta Resources plc is a London listed FTSE 100 diversified metals and mininggroup. Its principal operations are located throughout India, with furtheroperations in Zambia and Australia. The major metals produced are aluminium,copper, zinc, lead and iron ore. For further information, please visitwww.vedantaresources.com. DisclaimerThis press release contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "should" or "will." Forward-looking statements by their nature addressmatters that are, to different degrees, uncertain. For us, uncertainties arisefrom the behaviour of financial and metals markets including the London MetalExchange, fluctuations in interest and or exchange rates and metal prices; fromfuture integration of acquired businesses; and from numerous other matters ofnational, regional and global scale, including those of a political, economic,business, competitive or regulatory nature. These uncertainties may cause ouractual future results to be materially different that those expressed in ourforward-looking statements. We do not undertake to update our forward-lookingstatements. - ENDS - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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