18th Jan 2008 08:18
Vedanta Resources PLC18 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 pricerelating 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 & SonsLimited, the independent valuer, as being $213.15 million. A further announcement will be made in due course as to whether Vedanta is toexercise its option to purchase ZCI's shares in KCM, which represent 28.4% ofthe issued shares in KCM. For further information: Sumanth Cidambi [email protected] Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531Vedanta Resources plc Faeth Birch Tel: +44 20 7251 3801Robin WalkerFinsbury About Vedanta Resources plc Vedanta 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. Disclaimer This 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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