Goldplat (LON:GDP)
Goldplat (LON:GDP) will today hold its shareholder conference call. Shareholders may submit questions in advance of the call via email using shareholderenquiries@stbridespartners.co.uk or alternatively via the following link:
https://sbmf.webex.com/sbmf/onstage/g.php?MTID=ef2af18e627811cc44b0ac55ea41f0064
The link will enable shareholders to access the call and submit questions via a chat function.
Telephone dial in details are as follows: 0808 109 0701 or for international callers +44 (0) 20 3003 2701 with participant pin 9478969#.
The call will begin at 12pm UK time.
Vedanta (LON:VED)
Vedanta (LON:VED) has announced robust results for FY Q1 2018 benefitting from stronger zinc and aluminium prices in particular. Group revenue of US$3.1bn was up 32% YoY while primarily as a results of the stronger top line group EBITDA was up 48% YoY to US$778mn. VED continues to deleverage with a US$1.4bn decline in net debt since March 2017.
As well as a 35% YoY increase in zinc prices and a 26% increase in lead prices VED increased zinc production in India by 90% YoY to 194kt while lead production was up 42% YoY to 35kt. This was partially offset by a decline in output at the international assets of 25% YoY to 32kt. Total aluminium production of 352kt was up 44% YoY while prices averaged 21% higher YoY. Copper production of 90kt was down 10% YoY in India due to planned maintenance while in Zambia copper production was up 5% YoY to 47kt.
Oil and gas production was weaker, however, down 5% YoY to 17mmboe on a 100% basis. This was due to largely to the natural decline of the fields. Iron ore production was largely unchanged at 3.2mnt, however, realised prices were lower YoY due to a widening in the spread for low quality iron ore.