The document provides an overview and cautionary statements for Vedanta Resources' preliminary results presentation for the year ended 31 March 2012. It notes that views expressed may contain information from public sources that was not independently verified. Any forward-looking statements are based on assumptions that may prove incorrect. The presentation does not constitute an offer to purchase securities and is not a basis for any investment decision.
Vedanta strategic priorities in Africa - Mining Indaba 2013Vedanta Group
Vedanta Resources outlines its strategic priorities in Africa and commitment to investing in the continent. It has invested over $4 billion in Africa since 2005 and operates tier-1 assets in Zambia, making it one of the top copper producers in Africa. Vedanta also has large iron ore assets under development in Liberia. The presentation emphasizes Vedanta's focus on sustainable development and contributing to local economies where it has operations.
- Newmont is the second largest gold mining company with approximately 46,000 employees and operations worldwide.
- The company's current growth potential is between 6-7 million ounces of gold production by 2017 through projects in various regions.
- However, delays to the Conga project in Peru due to community unrest have reduced the company's near-term growth outlook. Newmont is reviewing cost reduction opportunities for Conga to generate acceptable returns.
- Newmont has a strong balance sheet and investment grade credit ratings to support its profitable growth strategy through various projects in its pipeline.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: John Mair, Greenland Minerals and Energy
Power breakfast presentation (edama) 4 12 2012EDAMA
This document discusses Shell's focus on innovation and delivering value through technology investments. It defines key terms and notes forward-looking statements are subject to risks. Shell spends over $1 billion annually on R&D, pioneering major projects to unlock challenging resources like oil sands, LNG, deepwater assets, and developing technologies for heavy oil, shale, arctic regions, and carbon capture. Examples provided include developing in situ conversion processes to unlock Jordan's significant shallow oil shale reserves while minimizing environmental impact. The path to commercializing new technologies involves exploration, appraisal, piloting projects, and final investment decisions.
Australia China Resources Sympsoium- Spotlight Presentation NT Chris Tonkin A...Symposium
This document discusses Arafura Resources and its Nolans Rare Earths Project in Australia. It provides an overview of Arafura Resources, summarizes the Nolans Project's resource and processing plans, outlines achievements and challenges over the past year, and discusses next steps to advance the project including further piloting, engineering work, and completing a final feasibility study. The presentation frames the Nolans Project as a compelling long-term value proposition despite current short-term funding challenges for resource projects.
20111114 Iron Road Annual General Meeting 2011ajstocks
The document provides an overview of Iron Road Limited's Central Eyre Iron Project (CEIP) in South Australia. It summarizes the results of the CEIP Prefeasibility Study which outlined a 12.4 million tonne per annum magnetite concentrate operation. It also discusses Iron Road's 2011 achievements including resource upgrades and community engagement efforts. Looking ahead, it outlines plans for 2012 including further resource drilling, feasibility studies, and partnership discussions to advance the project.
- The document summarizes a presentation by Don Burton, President of Namibia Rare Earths, about the company's exploration project in Namibia targeting heavy rare earth elements.
- Namibia Rare Earths holds a large land package in Namibia called the Lofdal project that shows potential for rare earth element deposits with exceptional enrichment in heavy rare earths like dysprosium and terbium.
- Drilling has already intersected a 16 meter interval grading 1.28% total rare earth oxides with over 94% being heavy rare earth oxides, demonstrating the potential for heavy rare earth enrichment at Lofdal.
Richard Wolanski presented on Speewah Metals, which owns the largest titanium/vanadium resource in Australia. The resource contains over 5 billion tonnes with high grades of titanium, vanadium, and hematite. Metallurgical testing indicates over 90% recovery rates for all three commodities. The project aims to produce high purity titanium dioxide, vanadium pentoxide, and iron oxide for over $470 million in annual revenue. Initial capex and opex estimates are under review with scoping study results due in March 2012. The project has year-round access and is located near existing infrastructure.
Vedanta strategic priorities in Africa - Mining Indaba 2013Vedanta Group
Vedanta Resources outlines its strategic priorities in Africa and commitment to investing in the continent. It has invested over $4 billion in Africa since 2005 and operates tier-1 assets in Zambia, making it one of the top copper producers in Africa. Vedanta also has large iron ore assets under development in Liberia. The presentation emphasizes Vedanta's focus on sustainable development and contributing to local economies where it has operations.
- Newmont is the second largest gold mining company with approximately 46,000 employees and operations worldwide.
- The company's current growth potential is between 6-7 million ounces of gold production by 2017 through projects in various regions.
- However, delays to the Conga project in Peru due to community unrest have reduced the company's near-term growth outlook. Newmont is reviewing cost reduction opportunities for Conga to generate acceptable returns.
- Newmont has a strong balance sheet and investment grade credit ratings to support its profitable growth strategy through various projects in its pipeline.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: John Mair, Greenland Minerals and Energy
Power breakfast presentation (edama) 4 12 2012EDAMA
This document discusses Shell's focus on innovation and delivering value through technology investments. It defines key terms and notes forward-looking statements are subject to risks. Shell spends over $1 billion annually on R&D, pioneering major projects to unlock challenging resources like oil sands, LNG, deepwater assets, and developing technologies for heavy oil, shale, arctic regions, and carbon capture. Examples provided include developing in situ conversion processes to unlock Jordan's significant shallow oil shale reserves while minimizing environmental impact. The path to commercializing new technologies involves exploration, appraisal, piloting projects, and final investment decisions.
Australia China Resources Sympsoium- Spotlight Presentation NT Chris Tonkin A...Symposium
This document discusses Arafura Resources and its Nolans Rare Earths Project in Australia. It provides an overview of Arafura Resources, summarizes the Nolans Project's resource and processing plans, outlines achievements and challenges over the past year, and discusses next steps to advance the project including further piloting, engineering work, and completing a final feasibility study. The presentation frames the Nolans Project as a compelling long-term value proposition despite current short-term funding challenges for resource projects.
20111114 Iron Road Annual General Meeting 2011ajstocks
The document provides an overview of Iron Road Limited's Central Eyre Iron Project (CEIP) in South Australia. It summarizes the results of the CEIP Prefeasibility Study which outlined a 12.4 million tonne per annum magnetite concentrate operation. It also discusses Iron Road's 2011 achievements including resource upgrades and community engagement efforts. Looking ahead, it outlines plans for 2012 including further resource drilling, feasibility studies, and partnership discussions to advance the project.
- The document summarizes a presentation by Don Burton, President of Namibia Rare Earths, about the company's exploration project in Namibia targeting heavy rare earth elements.
- Namibia Rare Earths holds a large land package in Namibia called the Lofdal project that shows potential for rare earth element deposits with exceptional enrichment in heavy rare earths like dysprosium and terbium.
- Drilling has already intersected a 16 meter interval grading 1.28% total rare earth oxides with over 94% being heavy rare earth oxides, demonstrating the potential for heavy rare earth enrichment at Lofdal.
Richard Wolanski presented on Speewah Metals, which owns the largest titanium/vanadium resource in Australia. The resource contains over 5 billion tonnes with high grades of titanium, vanadium, and hematite. Metallurgical testing indicates over 90% recovery rates for all three commodities. The project aims to produce high purity titanium dioxide, vanadium pentoxide, and iron oxide for over $470 million in annual revenue. Initial capex and opex estimates are under review with scoping study results due in March 2012. The project has year-round access and is located near existing infrastructure.
Gold Investment Symposium 2012 - Company Presentation - MacPhersons ResourcesSymposium
MacPhersons Resources Ltd (MRP) provided a corporate update at a gold symposium in Sydney on October 23, 2012. Over the past 12 months, MRP achieved strategic milestones including acquiring a silver, gold, and zinc mine and mill, drilling over 73,000 meters, outlining over 12.5 million ounces of silver equivalent resources, and increasing the value of its assets by $730 million. MRP's presentation highlighted the grade and polymetallic nature of its key Nimbus project, outlined plans to expand production and move towards becoming a leading silver producer by 2014-2015, and discussed the exploration potential across its portfolio of gold and silver assets.
Rio Tinto Plc Agm 2008 Presentation SlidesRio Tinto plc
The document summarizes the annual general meeting of Rio Tinto held on April 17, 2008. Three new directors were appointed in October 2007. Rio Tinto reported record earnings, cash flow, capital investment, and new capital commitments in 2007. The dividend was increased by 31% and commitments were made for further 20%+ increases in 2008 and 2009. Rio Tinto's acquisition of Alcan was described as strategically fitting and transforming. BHP Billiton's takeover offer was rejected on value grounds. Rio Tinto was described as well positioned for continued strong demand from China and India.
English champion iron mines sept 5, 2012shosein2011
Champion Iron Mines is a Canadian iron ore exploration and development company. It owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North Project. The presentation provides an overview of Champion Iron Mines' projects and key highlights from a November 2011 preliminary economic assessment for the Fire Lake North Project, which indicated the potential to produce 8.7 million tonnes of iron ore concentrate annually for 40 years.
Held after the markets close in Sydney and over lunch in Melbourne listen to presentations by ASX listed companies followed by complimentary networking drinks. These events provide attendees with one of Australia's best opportunities to network with high-level representatives from both the resources industry, and the finance and investment communities. www.symposium.net.au
The document provides an overview of Newmont Mining Corporation's Denver Gold Show presentation on September 10, 2008. It discusses Newmont's operational execution, project pipeline, exploration targets including Boddington, Turf, and Callie Deeps, and financial results for H1 2008. It highlights Newmont's leading cost containment efforts and superior leverage to rising gold prices compared to its peers. The presentation emphasizes Newmont's focus on consistent operating performance and project delivery to create shareholder value.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Robert Mackay, Stans Energy
Southern Cross Goldfields Limited (SXG) presented details on its plan to develop the Marda Gold Project into a long-term gold production business. The acquisition of the Sandstone Gold Project doubled SXG's gold resources to 1.3 million ounces and provides a 600,000 tonne per annum processing plant and camp to develop Marda at half the original capital cost. Exploration is also targeting further resources along a 5km prospective gold corridor between the Gwendolyn and Lancelot deposits. SXG aims to complete project funding and approvals to commence production from Marda in the second half of 2013.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Richard Beazley, Peak Resources
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Gary Billingsley, Great Western Minerals
Ord River Resources is an Australian mining company focused on bauxite, gold, copper, and coal assets. Its most valuable project is a 25% stake in a Laos bauxite project, which is undergoing feasibility studies and plans to IPO in late 2011 or early 2012. The company also has early-stage gold and copper exploration projects in Australia. Management has Chinese partnerships that could lead to major off-take agreements. The analyst views Ord River Resources as a speculative buy based on the potential of the Laos project and future acquisitions.
Iron Road 2012 Annual General Meeting presentationajstocks
Through the Looking Glass: A Look Into Iron Road’s Future
[1] Iron Road's vision is to become a trusted supplier of premium iron concentrates to Asian markets. Their strategy is a flexible development approach utilizing their two South Australian deposits.
[2] Their Central Eyre Iron Project could support a large, long-life 20Mtpa operation but requires an industry partner to finance infrastructure. Their Gawler Iron Project has potential for a smaller early operation of 1-2Mtpa to provide early cash flows and market acceptance for the similar Central Eyre product.
[3] Iron Road has a significant mineral resource base at their Central Eyre Project of over 2.6 billion
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Gerry Clarke, International Lithium Alliance
Philippines Asia Mining Singapore_2011
Intex Resources Mindoro Nickel Project Philippines
The capex of USD2.5 Bn for the full scale project however
is also beyond the capability of an exploration company
like Intex Resources (Norway)
Zyl%20 %20 investor%20presentation%20-%20november%202011%20(s-tedits1)1Hong Bao Media
ZYL has the right to earn a 74% interest in the Mbila Anthracite Project in South Africa. The Mbila project consists of two licenses covering over 72,000 hectares and contains a SAMREC resource estimate of 89Mt. ZYL has paid US$2.8 million for an initial 5% interest and will pay an additional US$24.2 million for a 39% interest, including US$13.2 million in cash and US$11 million in ZYL shares. The Mbila coal is high quality anthracite suitable for domestic mineral sands, ferrochrome, and ferromanganese markets in South Africa.
Pura vida energy ipo investor presentation (24 nov 11)Hong Bao Media
This document summarizes an investor presentation for Puravida Energy's upcoming IPO on the Australian Securities Exchange. Some key points:
- Puravida holds exploration licenses offshore Morocco covering over 10,000km2 with independently estimated potential resources over 1 billion barrels of oil.
- Their main prospect, Toubkal, has a mean estimate of 790 million barrels of oil and is comparable to Ghana's billion barrel Jubilee field.
- Funds from the IPO, which offers up to 20 million shares at $0.20 each to raise $4 million, will fund their initial work program in Morocco and repay shareholder loans.
- Puravida has assembled an experienced board and management
Focus Minerals is aggressively expanding gold production as prices rise. The company has 4 mines across 2 regions in Western Australia, targeting over 200,000 ounces of gold production in 2012. Focus has a large mineral resource of over 4 million ounces and mineral reserves of over 600,000 ounces. Significant exploration upside exists across the company's projects, which could further increase resources and extend mine life.
Champion Minerals Corporate Presentation December 20, 2011shosein2011
Champion Minerals Inc. is developing the Fire Lake North iron ore project in Canada's principal iron ore district, the Labrador Trough. The flagship Fire Lake North project currently has over 2.2 billion tonnes of iron ore resources and a PEA indicates it can produce up to 10 million tonnes of concentrate annually. Champion Minerals has an experienced management team with over 200 years of combined experience in exploration and mining operations. The company is well positioned to capitalize on growing global steel demand and infrastructure investments in the established Labrador Trough iron ore district.
Gary Billingsley, Executive Chairman of Great Western Minerals Group, discussed the company's integrated approach to rare earth production from its Steenkampskraal mine in South Africa. The presentation highlighted GWMG's plans to build mixed chloride and separation plants near the mine to process rare earth ore into individual rare earth oxides. It also noted progress made in 2011 to refurbish the Steenkampskraal mine site and exploration work confirming the high-grade resource.
The document provides an overview of Champion Minerals Inc., an advanced iron ore exploration and development company with projects located in Canada's principal iron ore district, the Labrador Trough. It highlights the Fire Lake North flagship project which is currently in the feasibility stage and has over 4 billion tonnes of iron mineral resources. The preliminary economic assessment for Fire Lake North indicates the potential to produce 8.7 million tonnes of concentrate annually for 40 years with an after-tax NPV of $4 billion. Champion also has exploration upside from other projects in the region including Moire Lake and Oil Can.
Vedanta Resources Plc FY 2012 Annual General Meeting PresentationVedanta Group
This document provides an overview of Vedanta Resources PLC's 2012 Annual General Meeting. It includes the following key points:
- It cautions readers that the views expressed may be based on unverified public sources and forward-looking statements should not be relied upon.
- Highlights from FY2012 include EBITDA of $4B, underlying EPS of $1.42, free cash flow of $2.5B, and total dividend of 55 US cents per share.
- Key focuses for FY2013 include ramping up oil production in Rajasthan to a significant portion of 240kbopd and progressing organic growth projects.
Vedanta presentationatcreditsuisseconferenceseptember2012Vedanta Group
The document is a presentation from Vedanta Resources PLC at the Credit Suisse Global Steel & Mining Conference in London in September 2012. It provides highlights on Vedanta's portfolio of large, low-cost assets with long mine lives, its strong financial profile and consistent profitability, and its focus on delivering industry-leading production growth through projects. It also discusses Vedanta's priorities of further growth, reserves additions, simplifying its group structure, and reducing debt.
Gold Investment Symposium 2012 - Company Presentation - MacPhersons ResourcesSymposium
MacPhersons Resources Ltd (MRP) provided a corporate update at a gold symposium in Sydney on October 23, 2012. Over the past 12 months, MRP achieved strategic milestones including acquiring a silver, gold, and zinc mine and mill, drilling over 73,000 meters, outlining over 12.5 million ounces of silver equivalent resources, and increasing the value of its assets by $730 million. MRP's presentation highlighted the grade and polymetallic nature of its key Nimbus project, outlined plans to expand production and move towards becoming a leading silver producer by 2014-2015, and discussed the exploration potential across its portfolio of gold and silver assets.
Rio Tinto Plc Agm 2008 Presentation SlidesRio Tinto plc
The document summarizes the annual general meeting of Rio Tinto held on April 17, 2008. Three new directors were appointed in October 2007. Rio Tinto reported record earnings, cash flow, capital investment, and new capital commitments in 2007. The dividend was increased by 31% and commitments were made for further 20%+ increases in 2008 and 2009. Rio Tinto's acquisition of Alcan was described as strategically fitting and transforming. BHP Billiton's takeover offer was rejected on value grounds. Rio Tinto was described as well positioned for continued strong demand from China and India.
English champion iron mines sept 5, 2012shosein2011
Champion Iron Mines is a Canadian iron ore exploration and development company. It owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North Project. The presentation provides an overview of Champion Iron Mines' projects and key highlights from a November 2011 preliminary economic assessment for the Fire Lake North Project, which indicated the potential to produce 8.7 million tonnes of iron ore concentrate annually for 40 years.
Held after the markets close in Sydney and over lunch in Melbourne listen to presentations by ASX listed companies followed by complimentary networking drinks. These events provide attendees with one of Australia's best opportunities to network with high-level representatives from both the resources industry, and the finance and investment communities. www.symposium.net.au
The document provides an overview of Newmont Mining Corporation's Denver Gold Show presentation on September 10, 2008. It discusses Newmont's operational execution, project pipeline, exploration targets including Boddington, Turf, and Callie Deeps, and financial results for H1 2008. It highlights Newmont's leading cost containment efforts and superior leverage to rising gold prices compared to its peers. The presentation emphasizes Newmont's focus on consistent operating performance and project delivery to create shareholder value.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Robert Mackay, Stans Energy
Southern Cross Goldfields Limited (SXG) presented details on its plan to develop the Marda Gold Project into a long-term gold production business. The acquisition of the Sandstone Gold Project doubled SXG's gold resources to 1.3 million ounces and provides a 600,000 tonne per annum processing plant and camp to develop Marda at half the original capital cost. Exploration is also targeting further resources along a 5km prospective gold corridor between the Gwendolyn and Lancelot deposits. SXG aims to complete project funding and approvals to commence production from Marda in the second half of 2013.
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Richard Beazley, Peak Resources
Objective Capital's Global Resources Investment Forum 2012
Ironmongers' Hall, City of London
25 September 2012
Speaker: Gary Billingsley, Great Western Minerals
Ord River Resources is an Australian mining company focused on bauxite, gold, copper, and coal assets. Its most valuable project is a 25% stake in a Laos bauxite project, which is undergoing feasibility studies and plans to IPO in late 2011 or early 2012. The company also has early-stage gold and copper exploration projects in Australia. Management has Chinese partnerships that could lead to major off-take agreements. The analyst views Ord River Resources as a speculative buy based on the potential of the Laos project and future acquisitions.
Iron Road 2012 Annual General Meeting presentationajstocks
Through the Looking Glass: A Look Into Iron Road’s Future
[1] Iron Road's vision is to become a trusted supplier of premium iron concentrates to Asian markets. Their strategy is a flexible development approach utilizing their two South Australian deposits.
[2] Their Central Eyre Iron Project could support a large, long-life 20Mtpa operation but requires an industry partner to finance infrastructure. Their Gawler Iron Project has potential for a smaller early operation of 1-2Mtpa to provide early cash flows and market acceptance for the similar Central Eyre product.
[3] Iron Road has a significant mineral resource base at their Central Eyre Project of over 2.6 billion
Objective Capital's Rare Earths, Speciality & Strategic Metals
Investment Summit 2012
Ironmongers' Hall, City of London
13-14 March 2012
Speaker: Gerry Clarke, International Lithium Alliance
Philippines Asia Mining Singapore_2011
Intex Resources Mindoro Nickel Project Philippines
The capex of USD2.5 Bn for the full scale project however
is also beyond the capability of an exploration company
like Intex Resources (Norway)
Zyl%20 %20 investor%20presentation%20-%20november%202011%20(s-tedits1)1Hong Bao Media
ZYL has the right to earn a 74% interest in the Mbila Anthracite Project in South Africa. The Mbila project consists of two licenses covering over 72,000 hectares and contains a SAMREC resource estimate of 89Mt. ZYL has paid US$2.8 million for an initial 5% interest and will pay an additional US$24.2 million for a 39% interest, including US$13.2 million in cash and US$11 million in ZYL shares. The Mbila coal is high quality anthracite suitable for domestic mineral sands, ferrochrome, and ferromanganese markets in South Africa.
Pura vida energy ipo investor presentation (24 nov 11)Hong Bao Media
This document summarizes an investor presentation for Puravida Energy's upcoming IPO on the Australian Securities Exchange. Some key points:
- Puravida holds exploration licenses offshore Morocco covering over 10,000km2 with independently estimated potential resources over 1 billion barrels of oil.
- Their main prospect, Toubkal, has a mean estimate of 790 million barrels of oil and is comparable to Ghana's billion barrel Jubilee field.
- Funds from the IPO, which offers up to 20 million shares at $0.20 each to raise $4 million, will fund their initial work program in Morocco and repay shareholder loans.
- Puravida has assembled an experienced board and management
Focus Minerals is aggressively expanding gold production as prices rise. The company has 4 mines across 2 regions in Western Australia, targeting over 200,000 ounces of gold production in 2012. Focus has a large mineral resource of over 4 million ounces and mineral reserves of over 600,000 ounces. Significant exploration upside exists across the company's projects, which could further increase resources and extend mine life.
Champion Minerals Corporate Presentation December 20, 2011shosein2011
Champion Minerals Inc. is developing the Fire Lake North iron ore project in Canada's principal iron ore district, the Labrador Trough. The flagship Fire Lake North project currently has over 2.2 billion tonnes of iron ore resources and a PEA indicates it can produce up to 10 million tonnes of concentrate annually. Champion Minerals has an experienced management team with over 200 years of combined experience in exploration and mining operations. The company is well positioned to capitalize on growing global steel demand and infrastructure investments in the established Labrador Trough iron ore district.
Gary Billingsley, Executive Chairman of Great Western Minerals Group, discussed the company's integrated approach to rare earth production from its Steenkampskraal mine in South Africa. The presentation highlighted GWMG's plans to build mixed chloride and separation plants near the mine to process rare earth ore into individual rare earth oxides. It also noted progress made in 2011 to refurbish the Steenkampskraal mine site and exploration work confirming the high-grade resource.
The document provides an overview of Champion Minerals Inc., an advanced iron ore exploration and development company with projects located in Canada's principal iron ore district, the Labrador Trough. It highlights the Fire Lake North flagship project which is currently in the feasibility stage and has over 4 billion tonnes of iron mineral resources. The preliminary economic assessment for Fire Lake North indicates the potential to produce 8.7 million tonnes of concentrate annually for 40 years with an after-tax NPV of $4 billion. Champion also has exploration upside from other projects in the region including Moire Lake and Oil Can.
Vedanta Resources Plc FY 2012 Annual General Meeting PresentationVedanta Group
This document provides an overview of Vedanta Resources PLC's 2012 Annual General Meeting. It includes the following key points:
- It cautions readers that the views expressed may be based on unverified public sources and forward-looking statements should not be relied upon.
- Highlights from FY2012 include EBITDA of $4B, underlying EPS of $1.42, free cash flow of $2.5B, and total dividend of 55 US cents per share.
- Key focuses for FY2013 include ramping up oil production in Rajasthan to a significant portion of 240kbopd and progressing organic growth projects.
Vedanta presentationatcreditsuisseconferenceseptember2012Vedanta Group
The document is a presentation from Vedanta Resources PLC at the Credit Suisse Global Steel & Mining Conference in London in September 2012. It provides highlights on Vedanta's portfolio of large, low-cost assets with long mine lives, its strong financial profile and consistent profitability, and its focus on delivering industry-leading production growth through projects. It also discusses Vedanta's priorities of further growth, reserves additions, simplifying its group structure, and reducing debt.
First Quantum is a rapidly growing mining and metals company that currently produces copper cathode, copper concentrate, nickel and gold. It has a solid track record of operational success and strong returns for shareholders. The company is increasing its annual copper production capacity to over 1 million tonnes through expansion projects at existing mines and new projects. It is also emerging as a nickel producer through the development of its large Kevitsa nickel project in Finland.
Vedanta Resources Plc India Operations Site Visit: Corporate PresentationVedanta Group
This document provides an overview and agenda for Vedanta Resources PLC's India operations site visit on September 24, 2012. It includes a cautionary statement about forward-looking information. The agenda covers Vedanta's market positioning, business operations, financials, and sustainable development. It also outlines the site visit itinerary to various Vedanta operations in India over four days.
Kasbah Resources is an emerging tin producer focused on developing its Achmmach Tin Project in Morocco. It has a growing JORC resource of 7 million tonnes at 0.8% tin containing 54,000 tonnes of tin. A scoping study showed robust economics for the project with a pre-tax NPV of $126 million and IRR of 43% at a tin price of $23,000 per tonne. Kasbah is advancing the project with drilling, metallurgical testwork, permitting and a pre-feasibility study targeted for completion in 2012.
CIBC organized a bus tour of gold mining operations in the Abitibi Gold Belt of Quebec and Ontario. Key observations included high competition for labor but it was manageable, infrastructure choices impact start-ups, equipment selection affects expansions, and the Abitibi camp still has significant gold reserves. Following the tour, CIBC lowered its price targets for Osisko and Kirkland Lake Gold due to commissioning issues at Osisko and adjusted assumptions at Kirkland Lake Gold.
The document is an industrial training report submitted by Riya Purohit to fulfill the requirements for a Bachelor of Technology degree. It provides an overview of Hindustan Zinc Limited, a large zinc producer in India. The report details Riya Purohit's summer training project at Hindustan Zinc Limited's zinc smelter facility in Debari, Rajasthan. The training focused on generator protection systems and included projects on stator and rotor protection.
The document summarizes Newmont Mining Corporation's Denver Gold Show presentation on September 10, 2008. Key points include:
- Newmont has a new management team focused on core business with an improved safety and sustainability record.
- Recent projects like the Yanacocha gold mill and Nevada power plant were completed successfully.
- Newmont continues to advance projects like Boddington and explore targets like Turf and Callie Deeps.
- Newmont delivered strong financial results in the first half of 2008 and aims to further improve costs and efficiencies.
This presentation by Newmont Mining Corporation provides an overview of their gold business and operations. It discusses their focus on operational execution at Leeville, Phoenix, and Ahafo mines. It also outlines their project execution including the Boddington, Nevada power plant, and Yanacocha gold mill projects. Finally, it discusses their exploration and development efforts to replace reserves through prospects like Conga and Akyem. The presentation emphasizes Newmont's commitment to financial strength, accountability, and execution across their business.
This presentation by Newmont Mining Corporation provides an overview of their gold business and operations. It discusses their focus on operational execution at Leeville, Phoenix, and Ahafo mines. It also outlines their project execution including the Boddington, Nevada power plant, and Yanacocha gold mill projects. Finally, it discusses their exploration and development efforts to replace reserves through prospects like Conga and Akyem. The presentation emphasizes Newmont's commitment to financial strength, accountability, and execution across their business.
Nirma Limited has seen increasing capital expenditures in recent years. There was a drastic 6-fold increase from FY2007 to FY2008, largely due to acquiring a US soda ash producer for $225 million. This made Nirma one of the largest global soda ash producers. Nirma is now expanding an existing soda ash plant, with a Rs.300 crore project to increase capacity by 450,000 tonnes per annum. The expansion is expected to be completed by 2009 and will help meet growing demand for soda ash in India and strengthen Nirma's international presence.
Jeff Huspeni of Newmont Mining Corporation presented at the 2012 Diggers & Dealers Conference on the company's profitable growth strategy with disciplined returns. Newmont aims to grow attributable gold production to between 6 and 7 million ounces by 2017 through projects in its pipeline. It seeks returns above its cost of capital on new projects. Newmont also believes its exploration program provides an option to add around 90 million ounces of gold and 9 billion pounds of copper reserves between 2011 and 2020.
Industry Analysis-Steel Industry of Indiasandeep7162
The steel industry in India is the 5th largest producer of crude steel globally and is expected to become the 2nd largest by 2015. Major players include Tata Steel, SAIL, JSW Steel, and Jindal Steel. The industry is growing at around 8-9% annually due to increased infrastructure investment and automobile growth. Success factors for steel companies include low production costs, expanding downstream value-added products, technology improvements, and pursuing mergers and acquisitions for economies of scale. The industry faces competition from new entrants and substitutes but benefits from growing domestic demand.
Miningindaba2013vedanta strategicprioritiesinafrica20130206Vedanta Group
Vedanta Resources outlines its strategic priorities in Africa. It has invested over $4 billion in African mining and is a major producer of zinc, copper, and iron ore in Africa. Its priorities are to deliver production growth across its portfolio, add reserves and resources, complete projects safely, pursue attractive investments, and partner with governments and communities. Sustainability is integral to its business strategy.
First Quantum Minerals is a rapidly growing mining and metals company that produces copper, nickel, and gold. It has a strong track record of operational success, having developed five mines within nine years on schedule and within budget. The company is increasing its annual copper production capacity to over 1 million tonnes through expansion projects at existing mines and new projects. First Quantum also has an emerging nickel business and a strong financial position with $0.8 billion in cash. It has a solid operating base and development pipeline to continue growing production.
This document provides a summary of Newmont Mining Corporation's presentation at the 2012 Diggers & Dealers Conference. The presentation discusses Newmont's strategy of achieving profitable growth through disciplined returns and exploration potential. Specifically, the presentation outlines Newmont's goal of producing between 6 to 7 million ounces of gold annually by 2017 through projects in their pipeline. It also emphasizes Newmont's strong balance sheet and commitment to returning capital to shareholders. The document contains cautionary statements regarding the use of forward-looking estimates and assumptions.
- The company reported record second quarter results including record gold and silver production, profit margins, operating cash flow, and silver sales at spot prices.
- Production and financial guidance for 2012 was increased, with gold equivalent production expected to be between 110,000-120,000 ounces and cash costs reduced.
- The company has a strong balance sheet with $126 million in cash and low debt. Exploration success and opportunities to optimize and expand existing mines are expected to further increase reserves and production.
Great Western Minerals Group Ltd. is developing rare earth element projects globally and is pursuing a vertically integrated business model in the rare earth industry. The company currently produces rare earth alloys through its subsidiaries and is actively developing several rare earth properties, including the former-producing Steenkampskraal Mine in South Africa, which it has an option to refurbish and bring back into production by 2012. Once in production, Steenkampskraal will supply all the rare earth material required for the company's manufacturing operations. The presentation provided an overview of the company's projects, manufacturing facilities, and strategy to become the first fully integrated rare earth producer outside of China.
The document provides an overview of Newmont Mining Corporation's operations and outlook. It discusses Q3 2012 operational performance, with gold production of 1.24Moz at a CAS of $693/oz. It highlights the company's regional operations in North America, South America, and Asia Pacific. It also discusses the company's focus on cost control and margin protection through optimizing current operations and overhead cost reductions. The document emphasizes Newmont's commitment to delivering shareholder value through consistent production, a gold price-linked dividend, and leading reserves and production metrics per share.
The document provides information about Newmont Mining Corporation's upcoming roadshow in London on October 14-15, 2008. It includes cautionary statements about forward-looking projections, an explanation of non-GAAP financial measures, and discusses Newmont's operational and financial performance in the first half of 2008. The presentation highlights Newmont's leading cost containment efforts, ongoing project execution, and positive long-term outlook for gold prices.
Similar to Vedanta Resources Plc Preliminary Results Presentation for year ended 31 March 2012 (20)
Vedantaindiaoperationssitevisit zincindiahzlpresentation-26sep2012Vedanta Group
Hindustan Zinc Limited is the world's largest integrated zinc producer. The document contains cautionary statements regarding the forward-looking nature of any statements or forecasts presented. It notes that such statements have not been independently verified and actual results may differ materially. It also states that the presentation should not be relied upon as a recommendation or forecast and that past performance is not a guide to future performance. Finally, it notes that the presentation does not constitute an offer to purchase securities in Hindustan Zinc Limited.
Vedantaindiaoperationssitevisit oilgascairnindiapresentation-27sep2012Vedanta Group
1) Cairn India is among the top 20 global independent oil and gas exploration and production companies with a market capitalization of over $11 billion.
2) Cairn India operates approximately 20% of India's domestic crude oil production from major assets in Rajasthan and on the west and east coasts of India.
3) Cairn India aims to become a global, world-class E&P company through establishing a
Vedantaindiaoperationssitevisit ironoresesagoapresentation-28sep2012Vedanta Group
Sesa Goa Limited is an iron ore mining company that operates mines in Goa and Karnataka, India as well as iron ore projects in Liberia. The presentation discusses Sesa's low-cost operations in India, exploration efforts to increase reserves, and plans for growth through the Liberia projects. Sesa aims to capitalize on long-term global demand for iron ore driven by urbanization in countries like China and India. While facing regulatory challenges in India, Sesa is well-positioned to serve growing demand through its competitive operations and focus on sustainability.
Vedantaindiaoperationssitevisit corporatepresentation[1]Vedanta Group
Vedanta Resources provided a corporate presentation on its India operations for an upcoming site visit. The presentation included an overview of the company, its strategic priorities of production growth and debt reduction, and details on its portfolio of low-cost, long-life mining and oil & gas assets across India and Africa. It also reviewed Vedanta's strong market positioning in India as the largest producer of several commodities and its goal of being the leading domestic supplier to meet India's growing resource needs.
Vedantaindiaoperationssitevisit aluminiumandpowerpresentation-25sep2012 finalVedanta Group
This presentation provides an overview of Vedanta Resources' commercial energy business in India. Key points include:
- The Jharsuguda power project in Odisha has a gross capacity of 2,400 MW from 4 units of 600 MW each. Three units are synchronized and the fourth is under trial runs.
- Coal linkages have been secured for the entire 2,400 MW capacity from a allocated 112 million ton coal block.
- Electricity is supplied to the state grid and through short-term sales agreements and the merchant market. Transmission connectivity is being expanded to facilitate full evacuation capacity.
- Operations and maintenance is contracted to Steag Energy Services, a subsidiary of German company Steag GmbH.
Konkola Copper Mines is a leading Zambian copper mining company with over 688 million tonnes of copper reserves and resources located in the heart of the Zambian Copper Belt. It has a well-invested, integrated asset base including underground mines, concentrators, a smelter, and refinery. Konkola is increasing production through brownfield expansion projects like its new concentrators and deep mining project, with the goal of over 400,000 tonnes of annual copper production. It is committed to being a valued local partner through educational, healthcare, and economic development initiatives in surrounding communities.
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4
World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4World economy charts case study presented by a Big 4study presented by a Big 4
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
MUTUAL FUNDS (ICICI Prudential Mutual Fund) BY JAMES RODRIGUESWilliamRodrigues148
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities. They are managed by professional portfolio managers or investment companies who make investment decisions on behalf of the fund's investors.
The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
2. 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 Vedanta Resources plc ("Vedanta").
Past performance of Vedanta 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, 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 statements.
This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta or any
of its subsidiary undertakings or any other invitation or inducement to engage in investment activities, nor shall
this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection
with, any contract or investment decision.
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 2
4. FY2012 Highlights
Financials
EBITDA of $4.0bn; EBITDA margin 41%1
Underlying EPS of $1.42
Free Cash Flow of $2.5bn2; Cash and Liquid Investments of $6.9bn
Final Dividend at 35 US cents per share
Corporate
Group simplification creates Sesa Sterlite – on track for completion in CY2012
Integrated Cairn India – Rajasthan production now at 175kbopd; basin potential of 300kbopd3
Acquired Liberia Iron Ore assets with c.1bn tonnes R&R; first shipment in FY2014
Operations
Growth capex largely invested – to drive production and cash flow growth
Significant production growth in Silver, Alumina, Aluminium, Power and Oil & Gas
Exploration success at Zinc, Iron Ore and Oil & Gas
Note: 1. Excludes Copper Custom Smelting operations
2. Free Cash Flow before Growth Capex
3. Subject to approvals
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 4
5. Industry Landscape - the Vedanta Advantage
Sector Theme Vedanta Positioning
Growing Metals and Energy Demand
Growing Metals and Energy Demand
Driven by emerging markets Significant production growth in key commodities
Proximity to emerging markets
Supply-Side Headwinds
Supply-Side Headwinds
Operating costs: wage and energy cost Low-cost advantage: high quality assets, competitive
inflation, declining grades labour cost and integrated approach
Many large mines nearing end-of-life Long-life assets with further exploration upside
Project Delivery Challenges
Project Delivery Challenges
Capital costs and timelines Growth projects significantly invested, and ramping-up
Investment vs. return of capital Vedanta at inflection point with strong returns driven by
volume growth
Regulation
Regulation
Regulatory and fiscal changes Substantial contributor to economies and communities
Regional issues occurring globally Partnering with Government
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 5
6. Tier-1 Diversified Asset Portfolio
FY2012
Production Capacity R&R Life1 Sustainable Cost Position
Zinc India
Zinc India 830kt 1mtpa 25+ Lowest Quartile
Zinc Intl Intl.
Zinc 444kt 400ktpa 20+ Lower Half
SilverSilver 7.8moz 16moz pa 25+ By-product
2
Oil and & Gas
Oil Gas 173kboepd 260kboepd 17 Lowest Quartile
Iron Ore Ore3
Iron 13.8mt 20.5mtpa 18 Lowest Quartile
4
Copper Zambia
Copper 200kt 400ktpa 24+ Lower Half
Currently Lower Half;
Aluminium
Aluminium 675kt 2.3mtpa
Lowest Quartile with Captive Bauxite
Large, Low-Cost, Long-Life, Scalable Assets
Note: 1. At capacity
2. Capacity expected for the current producing assets, subject to approvals
3. Excluding Liberia
4. Mine life of Konkola Deeps
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 6
7. Delivering on Strategic Priorities
Delivered in FY2012 Focus for FY2013
Cairn India and Zinc-Intl integrated Rajasthan ramp-up to significant part of
240kbopd1 in CY2013; progress towards basin
GROWTH Liberia Iron Ore assets acquired
potential of 300kbopd1
16moz Silver capacity at Zinc-India
Recovery of Iron Ore volumes, and ramp-up
Organic Growth, Progressed on organic growth projects at Konkola and Power
Value Accretive M&A Next leg of growth – Liberia, Gamsberg, Zinc-
India
Simplification of the Group structure Complete the simplification of the Group
announced structure
UNLOCK VALUE
Exploration success at Oil & Gas, Iron Adding R&R at Oil & Gas, Iron Ore, and Zinc
Ore, and Zinc
Continued focus on securing Coal and Bauxite
Optimise Returns Low cost advantage maintained
Reduce gearing through strong Free Cash
Flow post capex
Long Term Value Creation with a Focus on Sustainability
Note: 1. Subject to approvals
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 7
8. Delivering Free Cash Flow
Cash Flow and Capex Profile - $bn1 Year-end Capacity (in Copper Equivalent - kt)3
Free Cash Flow² Capex-ex-Cairn Capex-Cairn Zinc-Lead Silver Iron Ore Copper
Aluminium Power Oil & Gas
4,000
3,500
3,000
0.5 1.2
2,500
1.1
3.7 2,000
3.1
1,500
2.5
2.3 2.2
1.8 1.9 1,000
1.7
1.4
500
0
FY2010 FY2011 Proforma FY2013e FY2014e FY2015e FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
FY2012
Free Cash Flow at an Inflection Point
Notes: 1. Refers to organic growth capex. Cairn India has not announced capex for FY2015
2. Free cash flow before Growth Capex
3. All metal and power capacities rebased to copper equivalent capacity (defined as production x commodity price / copper price) using Long Term commodity price estimates. Power rebased using FY2012 Realisations.
Copper custom smelting capacities rebased at TC/RC for FY2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 8
9. Industry-Leading Growth
Top Global Diversified Industry-Leading Growth
Natural Resources Companies (Copper Equivalent FY2012 to FY2015 CAGR)3
EBITDA Market cap
(CY11 - $bn) ($bn)
BHP Billiton 38.5 176.8
Vedanta
Vale 33.8 109.4 Sesa Sterlite
Rio Tinto 28.5 99.1 Vale
Glencore Xstrata1 16.2 79.2
Glencore-Xstrata
Anglo American 13.3 46.9
BHP Billiton
Vedanta2 5.9 5.4
Rio Tinto
Teck 5.5 19.6
ENRC
Sesa Sterlite2 5.3 -
ENRC 3.4 11.2 Anglo American
0% 5% 10% 15% 20%
Source: Company filings and broker reports. Market data as of 10 May 2012
Note: 1. Assumes proposed merger completes
2. Pro forma EBITDA for the twelve months ended December 2011, including Cairn India for full year
3. Vedanta and Sesa Sterlite based on year-end capacity growth, peers based on equity research production estimates. Converted into copper equivalent using Long Term commodity price estimates. Power rebased using
Vedanta FY2012 Realisations and Copper custom smelting capacities rebased at TC/RC for FY2012.
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 9
11. Financial Highlights
FY2012
proforma with
$mn or as stated FY2012 FY2011 Change Cairn
EBITDA 4,026 3,567 13% 5,353
EBITDA margin1 (%) 40.6% 44.6% - 46.7%
Underlying Attributable PAT2 387 715 (46)% 571
Underlying EPS($/share)2 1.42 2.63 (46)% 2.09
Free Cash Flow before Growth Capex 2,534 2,347 8% 3,128
Growth Capex3 2,398 2,517 (5)% 2,728
Total Dividend (USc/share) 55.0 52.5 5%
Notes: 1. Excludes custom smelting operations
2. Based on profit for the year after adding back special items and other gains and losses, and their resultant tax and minority interest effects
3. Excludes sustaining capex
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 11
12. EBITDA Reconciliation
FY2012 vs. FY2011 ($mn)
160
978 39
(126)
(201)
37 4,026
3,567 (428)
61%
Commodity
linked
EBITDA New Assets¹ Price Volume excl. Volume Export Duty Cash Cost Others EBITDA
FY 2011 Iron Ore Iron Ore FY 2012
Notes: 1. Includes $265mn from Zinc-Intl and $713mn from Cairn India. Cairn India is accounted for as a subsidiary from 8 December 2011.
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 12
13. EBITDA to PAT
FY2012 ($mn)
4,026
(1,408)
(230)
(420)
(314)
92 1,229
(517) 77%
Underlying
Minority Interest
387
60
(1,169)
EBITDA Depreciation Special Net Interest FX and Tax Profit from PAT including Minority Attributable Underlying
and Items Expense Embedded Associates Associates Interest PAT Attributable
Amortization Derivatives PAT¹
Notes: 1. Profit for the year after adding back special items and other gains and losses, and their resultant tax and minority interest effects
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 13
14. Strong Financial Profile
Cash and Liquid Investments of $6.9bn, with additional $2.9bn undrawn lines of credit
FY2012 Proforma Net Debt:EBITDA including Cairn of 1.9x; Credit ratings of BB/Ba3/BB1
Post group structure simplification, debt service liability at plc reduces by 61% to $3.9bn
− Debt service cost at Vedanta reduces from $500mn to $190mn in FY2013
− Payout-based dividend policies at subsidiaries to result in significantly higher dividends flowing to plc
Limited maturities at plc in FY2013 – $250mn already refinanced
Debt Maturity Profile as of 31 March 2012 ($bn)2 4.5
4.1
$1.8bn - Bridge loan to be rolled over into long term facilities
$0.5bn - Revolving working capital facility
$0.8bn - To be repaid through internal cash flows 3.2
2.3
2.7 0.3
2.4
3.1
0.5
1.3
3.0
1.5
0.7 2.2
1.3
1.0 0.4
0.5 0.1 0.3
FY2013 FY2014 FY2015 FY2016 FY2017³ FY2018 and later
Debt at VED plc Debt to be transferred from VED plc to Sesa Sterlite Debt at Subsidiaries
Notes: 1. Issue credit Ratings as per S&P, Moody’s and Fitch respectively
2. Debt numbers shown at face value
3. Includes convertibles at Vedanta Plc of $883mm due in FY2017 (with a put option in April 2013) and $1,250mm due in FY2017 (with a put option in July 2014)
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 14
16. EBITDA: Continued Growth and Diversification
Proforma FY2012
FY2011 FY2012
with Cairn India for Full Year
Power Aluminium
Power Aluminium 2% 3%
Oil & Gas
Power Aluminium 3% 4% Copper
38%
4% 7% Oil & Gas 13%
Copper
18%
17%
Copper
Iron Ore 19%
33%
Iron Ore
18%
Zinc-Int. Zinc-India Zinc-India Zinc-India
3% 34% Zinc-Int. 31% 23%
9% Iron Ore Zinc-Int.
14% 7%
EBITDA: $3.6 bn EBITDA: $4.0bn EBITDA: $5.4bn
+13% +50%
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 16
17. Sustainability – Integral to our Business
48% reduction in LTIFR over 5 years LTIFR
-48%
− Structured programs in place to enhance safety and prevent
fatalities
Climate Change 1.9 1.7 1.5
− Continued improvement in specific energy and water consumption 1.1 1.0
− Participated in Carbon Disclosure Project 2011: Sesa Goa received
7th position in India FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
Green Energy
Specific Water Consumption
− Operating 274MW wind power
BALCO (m3/MT)
− Generating 61MW from waste heat -75%
New Sustainability Framework rolled-out
− New policies and technical standards rolled-out 15.6 14.2
− Exco Sustainability Sub-Committee formed to enhance sustainability 7.2 3.9
focus
FY 2009 FY 2010 FY 2011 FY 2012
− 17 of 29 Scott Wilson recommendations implemented, others on
schedule Specific Energy Consumption
Community programs covering 3.1million people HZL Smelters (GJ/MT)
-15%
− Jointly working with NGOs, administration, and beneficiaries,
supported by a strong team of CSR personnel and extension
workers. 19.0
Focus: Health and Nutrition, Education, Women Empowerment, 17.0 16.9
− 16.3 16.2
Water & Sanitation, and Sustainable Livelihood
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 17
18. Creating Long Term Value Through Exploration
Zinc-India Zinc-Intl Iron Ore Copper-Zambia Oil & Gas
Added 3x times Added mine life at India R&R increased to R&R replacement
mined out in all three assets 689mt from 457mt ratio of 1.75x in
Added net 68mt in
FY2012 at acquisition FY2012
FY2012, 18 year
Current mine life:
Added 4.8x times mine life at current Potential resource
24+ year mine life
mined out since IPO − Skorpion: capacity
with high grade at increased to 7.3
5+years1
R&R increased to KDMP billion boe gross in
R&R increased from
332mt, from 144mt − BMM: 10+years place from 6.5
190mt2 at
at Vedanta IPO − Lisheen: 3years billion boe gross in
acquisition to
place at Rajasthan
25+year mine life 374mt – added 3.4x
with 10%+grades 186mt Gamsberg times mined out
deposit feasibility Exploration success
study underway at Sri Lanka and
Liberia
Nagayalanka
1bn tonnes R&R
17 year R&R life
− Aeromagnetic
study completed
− Initial drilling
indicates
potential upside
Creating Long Term Value through Exploration
Notes: 1. With some additional work for conversion of resources to reserves
2. 120mt excluding Orissa from Sesa Goa acquisition, and 70mt from Dempo acquisition
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 18
19. Cairn India - Delivering Growth and Cash Flows
Production Growth - Rajasthan Rajasthan Gross Production (bopd)
Since acquisition, output has been enhanced from
125kbopd to 175kbopd
Mangala field producing since Aug 2009; currently at
150kbopd
Bhagyam field producing since Jan 2012; currently at
25kbopd
Resource base supports basin potential to produce
300kbopd1
Exploration Growth Significant 300,0001
part of Basin
Diversity of basin, plays and environments
240,0001 Potential
− Exploration success ratio ~50% in CY2013
Barmer Hill
Achieved reserve & resource replacement ratio of 175% Primarily
during the year 175,000 Further
from MBA exploration
Currently
Net unrisked exploration potential for the portfolio at Aishwariya
2.1bn boe Mangala towards
150kbopd end CY2012
Significant exploration upside at Rajasthan 125,000 at
Acquisition Bhagyam
Successful discoveries at Sri Lanka and KG-ONN-2003/1
completion upto
40kbopd
Mangala
125kbopd
Note: 1. Subject to approvals
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 19
20. Cairn India
Acquisition completed in December 2011 Rapid Production Growth
Production
− Integration completed (Gross Production in kboepd) FY2011 FY2012
− Announced Dividend Policy of ~20% payout of net Average Daily Gross Operated 149,103 172,887
income Production (boepd)
Rajasthan 100,993 128,267
Ravva 36,942 36,379
Cairn India production and contribution
Cambay 11,169 8,242
− Average daily gross operated production in FY2012 at
Average Daily Working Interest 83,474 101,268
172,887 boe Production (boepd)
− Reduced India’s crude oil import dependency by Rajasthan 70,695 89,787
~US$6bn on a gross basis Ravva 8,312 8,185
Cambay 4,468 3,297
EBITDA1 - 713
Rajasthan potential increased to 7.3bn boe gross in place Note: 1. Numbers post acquisition
from 6.5 billion boe gross in place since acquisition
announcement
EBITDA2 ($mn)
− Recoverable risked prospective resource estimated at
530 mmboe gross
Development
− Rajasthan EOR Pilot on track; booked 70 mm bbls as
Proved & Probable Reserves 581
450 467
− Barmer to Salaya section of the pipeline being
debottlenecked and augmented
− Ravva infill drilling completed, decline rate slowed
Q2FY2012 Q3FY2012 Q4FY2012
Note: 1. Subject to approvals Note: 2. Numbers in Indian GAAP as reported by Cairn India Ltd
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 20
21. Zinc
Zinc-India Production and Cash Costs
Record production of refined Zinc, Lead and Silver Zinc-India FY2011 FY2012
− Maintained lowest quartile cost position Mined Metal (kt) 840 830
Strong ramp-up of lead and silver production Refined Zinc (kt) 712 759
Refined Lead (kt)1 63 99
− Silver rich 2mtpa SK mine at 90% utilization
Silver – Integrated (moz)1 5.75 7.61
− Silver contributed $210mn EBITDA
Zinc CoP2 ($/t) 808 834
− 11.3moz Integrated silver production in FY2013
27mt gross addition to R&R in FY12 FY2011
Zinc-International post acq’n FY2012
− More than 25 years mine life
Mined Metal – Lisheen & BMM (kt) 44 299
Refined Zinc – Skorpion (kt) 50 145
Zinc-International
CoP ($/t) 1,129 1,165
Stable operating performance Notes: 1. Includes captive consumption
2. Excluding royalty
Exploration: Mine life extended at all three assets
EBITDA ($mn)
− Skorpion: 5+ year mine life1 India International
− BMM: 10+ year mine life 1,611
1,321
− Lisheen: 3 year mine life 101 366
186mt Gamsberg project:
1,220 1,245
− Feasibility study to complete in current quarter
− Targeting mine production in 2 years FY 2011¹ FY 2012
Note: 1. With some additional work for conversion of resources to reserves Note: 1. For the period post acquisition
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 21
22. Iron Ore
India Production and Sales (mn DMT)
Net addition of 68mt of R&R Iron Ore FY2011 FY2012
− Total R&R of 374mt, implying 18 year mine life Sales1 18.1 16.0
Operating performance affected by Goa 14.4 13.3
Karnataka 2.1 2.7
− Logistics bottlenecks at Goa: Expanding roads
and developing new corridors Orissa 1.7 -
− Karnataka mining ban: process underway to Production 18.8 13.8
resuming mining Pig iron - Production (kt) 276 249
Margins affected by 30% export duty from Dec 2011 Note: 1. Iron ore sales includes captive consumption of 0.30 mt each in FY2011 and FY2012
Commissioning of 375kt Pig Iron expansion project in
current quarter
EBITDA ($mn)
Liberia
Aeromagnetic survey completed and scoping study
near completion
− Indicates significant upside to earlier estimated
resource base of 1bn tonne 1,174
Targeting first shipment in FY2014 721
FY 2011 FY 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 22
23. Copper-India
Copper India/Australia Production and Cash Costs
Strong volume and cost performance Copper India/Australia FY2011 FY2012
Mined Metal 23 23
EBITDA up 24% - driven by higher volumes, better Refined Metal – India (kt) 304 326
by-product credits, and higher Tc/Rc Conversion cost – India (c/lb) 4.0 0.0
Higher smelter availability through technology and
process improvements
160MW CPP Project - mechanical completion of first
80MW achieved
EBITDA ($mn)
Copper Australia Copper India
298
240
239
166
73 59
FY 2011 FY 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 23
24. Copper-Zambia
Copper Zambia Production and Cash Costs
Integrated production up 5% Copper Zambia FY2011 FY2012
− Commissioned 2900level high speed tramming facility Mined Metal 144 142
increasing mine development pace Refined Metal – Integrated 133 139
− Copper smelter recovery at 98.5% Refined Metal - Custom Smelting 84 61
− Costs affected by higher power, fuel and labour costs CoP – Integrated ($/lb) 1.97 2.37
− UOB – trial mining successfully completed, confirmed
higher grades of Copper and Cobalt
Commissioned during the year
− 2nd Cobalt Recovery Furnace commissioned in Q4,
fully ramped-up in April
− 7.5mt East Mill commissioned in Q4, ramping-up
− TLP-IV debottlenecking to 75ktpa completed EBITDA ($mn)
Exploration: Maintained track record of R&R replacement
FY2013 Priorities:
− 3mt West Mill to be commissioned in Q2FY2013
− Accelerate Konkola mine development pace to
60km/year
440
388
− Bottom shaft loading at KDMP by Q3 - Platform for
25-30% year-on-year growth in mined metal
− Start regular mining at UOB
FY 2011 FY 2012
− 175kt Integrated Production
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 24
25. Aluminium
Record Alumina and Aluminium production Volumes and Cash Costs
− Value added product sales up 25%, at c.400kt Aluminium and Alumina FY2011 FY2012
Aluminium Production (kt) 641 675
BALCO 255 246
Resumed efficient operations at VAL in H2, following VAL 385 430
a power outage in H1 Aluminium COP ($/t) 1,878 2,091
BALCO 1,784 1,922
− Reduced specific consumption of power and VAL 1,940 2,188
carbon Alumina Production (kt) 707 928
− Significantly lower COP in H2, with Q4 COP at Alumina COP ($/t) 326 350
$1,930/t despite input cost pressures Power – BALCO 270MW (mu)
Sales 1,623 1,605
− Q4 COP in second quartile of cost curve, without Realisation (Rs/unit) 3.4 3.2
bauxite linkage COP (Rs/unit) 1.9 2.2
EBITDA ($mn)
Working with government on bauxite allocation
BALCO projects
− 1200MW CPP: 1st Unit synchronization in
Q1FY2013 353
− 325ktpa smelter – first metal in Q3 FY2013
182
− Captive coal mining in FY20131
FY 2011 FY 2012
Note: 1. Subject to approvals
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 25
26. Aluminium Industry Dynamics
Input cost inflation globally in 2011 Aluminium Cost Curve ($/t)
− LME below c1 costs of c.50% of global capacity
3,000
− Capacity cuts by several marginal cost smelters
BALCO1 - $1,919/t
− Correction in input prices seems inevitable
VAL1 - $1,930/t
2,500
VAL and BALCO are in 2nd quartile of cost curve in
Q4FY2012
− EBITDA margin in Q4, in-line with peers
2,000
− Cost efficient even without bauxite linkage
Second Quartile - $2,057/t
Committed to an integrated Aluminium strategy
First Quartile - $1,761/t
Third Quartile - 2,272/t
1,500
− Well invested plant with world-class technology
and infrastructure at benchmark project costs
− Strategic location in Eastern India: Proximity to
Bauxite and Coal deposits 1,000
500
0 10 20 30 40 50 60 70 80 90 100
Cumulative Production (Percentile)
Source: Wood-Mackenzie CY2012Q1 C1 Cost Estimates, Company sources for VAL and BALCO
Note: 1. Q4 FY2012 COP
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 26
27. Power
Sales significantly higher reflecting commissioning of Sales and Cash Costs
new capacity at 2,400MW Jharsuguda power plant
FY2011 FY2012
− Three 600MW units operational Total Sales (mu) 1,878 6,554
− 4th unit under trial runs, to be commissioned in SEL (mu) 8561 5,6382
current quarter Others3 1,022 916
− 65% average plf expected for all units in FY2013 Average realisation (USc/u) 9.7 7.5
Average cost of generation (USc/u) 6.2 5.5
Average realisation (INR/u) 4.44 3.61
Continuous operational improvement at Jharsuguda
Average cost of generation (INR/u) 2.81 2.63
− Q4 cost lower at INR2.26/unit Notes: 1. Includes 646mu generated under trial run
2. Includes 926mu generated under trial run
3. MALCO 100MW & WPP274MW
− On track to further reduce specific coal
consumption
EBITDA ($mn)
1st 660 MW unit of 1,980MW Talwandi Sabo on track
for commissioning by Q4 FY2013
122
44
FY 2011 FY 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 27
28. Summary
World-class diversified portfolio of large, structurally Year End Capacity
low-cost assets with long mine-life (in copper equivalent kt)
Zinc-Lead Silver Iron Ore Copper
Strong cash flow growth driven by substantially
Aluminium Power Oil&Gas
invested projects
4,000
Recent acquisitions provide additional growth options
3,500
Group simplification on track for completion in CY 3,000
2012
2,500
2,000
1,500
1,000
500
0
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
Note: 1. All metal and power capacities rebased using average Copper LME and Commodity prices for H1 FY2012
2. Copper custom smelting capacities rebased at TC/RC for H1 FY2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 28
30. Entity Wise Financials – FY2012
SIIL
VED Zinc- (incl SEL & Cairn VED Others and Cairn India
FY2012 ($mn or as stated) Consol HZL Intl Sesa CMT) KCM BALCO VAL TSPL India Plc1 Elimination (Associate)
EBITDA 4,026 1,274 366 722 296 388 120 62 86 713 0 (1)
Depreciation (927) (127) (119) (50) (45) (143) (44) (164) (51) (180) (6) 2
Amortization (481) (7) (118) (177) (13) (166)
Special Items (230) (9) (2) (14) (89) (24) (1) (31) (59) (3)
Net Interest Income (Expense) (420) 310 (3) (27) 158 (51) 2 (356) (30) 16 (235) (205)
FX and Embedded Derivative MTM (314) 4 3 2 (48) (160) (45) 3 (73)
Share of Profit in Associates 92 922
Profit before Tax 1,745 1,441 131 458 322 170 16 (618) (40) 351 (297) (280) 92
Tax (517) (294) (16) (147) (87) (51) 8 104 (5) (29)
Profit after Tax 1,229 1,147 115 311 234 119 24 (618) (40) 455 (302) (308) 92
Attributable (%) 4.9 37.6 53.9 55.1 58.0 79.4 29.6 87.6 58.0 49.8 100.0 91.8 70.9
Attributable PAT 60 432 62 171 136 94 7 (541) (23) 242 (302) (283) 65
Underlying Attributable PAT 387 434 60 175 170 108 17 (401) 3 255 (246) (253) 65
As of 31 March 2012
Property Plant and Equipment3 17,575 1,773 624 567 487 2,082 1,871 5,460 2,322 2,371 58 (40)
Mining Reserve 6,265 74 319 1,185 21 32 4,634
Exploratory Assets 10,758 183 176 42 10,357
Note: 1. Includes Vedanta plc and Investment companies at 100% attributable and MALCO at 94.8% attributable
2. Represents a total holding of 28.8% of Cairn India
3. Includes Capital Work in Progress
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 30
31. Entity-Wise Cash and Debt Details
Net Debt Summary ($mn)
31 Mar 2011 30 Sep 2011 31 Mar 2012
Company Debt Cash & LI1 Net Debt Debt Cash & LI1 Net Debt Debt Cash & LI1 Net Debt
Vedanta plc2 4,557 265 4,292 6,340 1,136 5,204 9,263 205 9,058
Sterlite standalone incl. CMT 746 1,139 (394) 636 771 (135) 565 758 (193)
Zinc-India - 3,403 (3,403) - 3,384 (3,384) - 3,574 (3,574)
Zinc-International 32 392 (360) 28 306 (278) 9 215 (206)
BALCO 518 68 451 618 26 592 711 49 662
Sterlite Energy Ltd 597 92 505 910 15 895 1,175 37 1,138
Others 24 27 (4) 52 - 52 53 1 51
Sterlite Consolidated 1,917 5,122 (3,205) 2,244 4,501 (2,258) 2,511 4,633 (2,122)
Vedanta Aluminium Ltd 2,810 115 2,695 2,825 15 2,810 3,505 85 3,420
Copper Zambia 256 6 250 765 - 765 750 42 709
Sesa Goa 212 2,194 (1,982) 867 220 648 681 118 564
MALCO - 74 (74) 16 17 (1) - 6 (6)
Cairn India - - - - - - 244 1,797 (1,553)
Total (in $mn) 9,753 7,777 1,9703 13,056 5,889 7,1664 16,955 6,885 10,0645
Note: 1. Liquid Investments
2. Includes Investment Companies
3. Includes $5 million debt related derivative
4. Includes $2 million debt related derivative
5. Includes $6 million debt related derivative
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 31
32. Net Debt Reconciliation
FY2012 ($mn)
558
7,248
10,064
(2,920)
Cairn India2
7,097
364 60
386 Liberia 90
2,398 Other 61
1,970
Opening Net Project Capex Sustaining Shareholder Subsidiary Acquisitions Others Cash Flow Closing Net
Debt Capex and Minority share from Debt
(1 Apr 2011) Dividends purchases Operations¹ (31 Mar 2012)
Note: 1. Excluding sustaining capex
2. Net of cash and liquid investments at acquisition
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 32
33. Credit Metrics
FY2011 FY2012 Covenant
Net Debt/EBITDA 0.55 x 1.9 x < 2.75 x
EBITDA/Gross Interest Expense1 5.0 x 4.5 x > 4.0 x
Tangible Net Worth ($bn) 5.5 4.5 > 3.0
Net Assets/Debt 2.61 x 2.47 x > 1.75 x
Gearing2 13% 35%
Note: 1. Interest includes Capitalized Interest
2. Gearing is calculated as Net Debt divided by the sum of Net Debt and Equity
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 33
34. EBITDA Sensitivities
Commodity prices – Impact of a 10% increase in Commodity Prices (LME/Prices in $/t, or as stated)
FY2012 FY2012 EBITDA
Commodity Average price ($mn)
Oil ($/bbl) 114 247
Zinc 2,098 221
Aluminium 2,313 162
Copper 8,475 140
Iron Ore 76 121
Lead 2,269 37
Silver ($/oz) 35.3 24
Foreign Currency - Impact of a 10% depreciation in Closing FX Rate
FY2012 FY2012 EBITDA
Currency Average FX rate ($mn)
INR/USD 47.9458 195
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 34
35. Sales Summary
Sales volume FY2011 FY2012 Sales volume FY20112 FY2012
Zinc-India Sales Iron-Ore Sales
Refined Zinc (kt) 713.1 758.5 Goa (mn DMT) 14.4 13.3
Refined Lead (kt) 56.9 91.7 Karnataka (mn DMT) 2.1 2.7
Zinc Concentrate (DMT) 66.0 - Orissa (mn DMT) 1.7 -
Lead Concentrate (DMT) 38.5 10.1 Total (mn DMT) 18.1 16.0
Total Zinc (Refined+Conc) kt 779.1 758.5 MetCoke (kt) 265.7 251.7
Total Lead (Refined+Conc) kt 95.3 101.8 Pig Iron (kt) 266.1 250.6
Total Zinc-Lead (kt) 874.5 860.3 Copper-India Sales
Silver (moz) 4.7 6.6 Copper Cathodes (kt) 116.6 159.0
Zinc-International Sales1 Copper Rods (kt) 186.7 161.5
Refined Zinc (kt) 47.3 152.8 Sulphuric Acid (kt) 520.8 594.9
Zinc Concentrate (MIC) 28.8 216.8 Phosphoric Acid (kt) 158.7 151.7
Total Zinc (Refined+Conc) 76.1 369.6 Copper-Zambia Sales
Lead Concentrate (MIC) 19.4 84.0 Copper Cathodes (kt) 214.5 200.9
Total Zinc-Lead (kt) 95.5 453.6 Power Sales (mu)
Aluminium Sales SEL 856 5,638
Sales - Wire rods (kt) 219.7 267.2 Non-SEL 1,023 916
Sales - Rolled products (kt) 60.1 64.0 Total sales 1,879 6,554
Sales - Busbar and Billets (kt) 38.3 66.0 BALCO 270 MW 1,623 1,605
Total Value added products (kt) 318.1 397.2 Power Realisations (USc/mu)
Sales - Ingots (kt) 315.0 271.8 SEL 6.8 7.2
Sales - Total (kt) 633.0 669.0 Non-SEL 10.3 9.4
Copper-Zambia Sales Average Realisations 9.7 7.5
Copper Cathodes (kt) 214.5 200.9 BALCO 270 MW 7.5 6.7
Power Costs (USc/mu)
SEL 4.9 5.4
Non-SEL 6.4 6.0
Average costs 6.2 5.5
Note: 1. For the period post-acquisition by Vedanta
BALCO 270 MW 4.1 4.5
2. FY2011 numbers restated as per reclassification of energy segment in Q1 FY2012. Accordingly, Non-SEL now includes power sales from MALCO 100MW and HZL Wind. BALCO 270MW and surplus sales at captive power
plants are shown in their respective segments
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 35
36. Group Structure Simplification - Timeline
Status Event Expected
BSE and NSE approval sought Mar 2012
Competition Commission approval sought Mar 2012
Foreign Investment Promotion Board approval sought Mar 2012
BSE and NSE approval received Apr 2012
Competition Commission approval received Apr 2012
Application to High Court in India and Supreme Court of Mauritius Apr 2012
Scheme documents posted to shareholders May 2012
Vedanta / Sesa / Sterlite / MALCO EGM Jun 2012
Foreign Investment Promotion Board approval Jun 2012
High Courts of India and Supreme Court of Mauritius approval Sep 2012
Transaction completion CY 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 36
37. Proposed New Group Structure
Vedanta Resources
Divisions of Sesa Sterlite
79.4% 58.3%
Iron Ore (Sesa Goa)
Konkola Copper Smelting (Tuticorin)
Copper Sesa Sterlite
Mines (KCM) Power (2,400MW Jharsuguda)
Aluminium (VAL aluminium
assets)
Subsidiaries of Sesa Sterlite
58.9% 64.9% 51% 51% 100% 100% 100% 100%
Skorpion & VAL Power
Bharat Western Talwandi Australian
Zinc-India Lisheen - and MALCO
Cairn India Aluminium Cluster Sabo Power Copper
(HZL) 100% Power
(BALCO) (Liberia) (1,980MW) Mines
BMM -74% (1,405MW)
Option to Option to Option to Zinc-
increase stake increase stake increase stake International
to 94.4% to 100% to 100%
Listed entities Unlisted entities
Note: Shareholding based on basic shares outstanding
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 37
38. Vedanta Group Structure
Vedanta Resources
(Listed on LSE)
79.4% 70.5% 54.6% 94.8% 55.1% 38.7%
Konkola Vedanta 29.5% Sterlite Industries 3.6% Madras Sesa Goa 20.1% Cairn India Ltd
Copper Aluminium (Listed on BSE, Aluminium (Listed on BSE (Listed on BSE
Mines (KCM) (VAL) NSE and NYSE) (MALCO) and NSE) and NSE)
51.0% 64.9% 100% 74% 100% 100% 51%
Bharat Zinc-India(HZL)
Skorpion and Black Australian Liberia
Aluminium (Listed on BSE Sterlite Energy
Lisheen Mountain Copper Mines Iron Ore Assets
(BALCO) and NSE)
Zinc-International
KEY
Aluminium Copper Iron ore Power Zinc-India Zinc-International Oil & Gas
Note: Structure as at 31 March 2012
FY2012 PRELIMINARY RESULTS PRESENTATION - 17 MAY 2012 38