{
Vedanta Ltd.

Companies

}
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001122334455554433221100

Saudi Arabia invests 97.5 million in mining licenses to enhance exploration

Saudi Arabia has awarded $97.5 million in exploration licenses to various companies for mineral-rich sites at Jabal Sayid and Al-Hajjar, covering 4,788 sq. km with reserves valued at $2.48 trillion. This initiative supports the Kingdom's Vision 2030 strategy to enhance mining as a key economic sector. Winning bidders include Ajlan & Bros-Norin, a consortium led by Hancock Prospecting, and Vedanta Ltd., with commitments to invest in community development and mitigate exploration risks.
Fast Company Middle East | The future of tech, business and innovation.
United States Dollar Zijin Mining Group Co Ltd Vedanta Ltd. SAU Show more
Business & Industry, News Article
10:28 20.03.2025

vedanta reports record profit driven by metals and one-time gains

Vedanta Ltd. reported a net profit of 43.5 billion rupees ($516 million) for the quarter ending in September, marking its highest earnings in nine quarters. This surge was driven by increased revenue from metals and a write-back of previous charges, surpassing analysts' expectations. In the same period last year, the company faced a loss due to declining zinc prices and rising tax expenses.
bloomberg.com
United States Dollar Indian Rupee Vedanta Ltd. IND
Finance & Economy, Market Report
11:14 08.11.2024
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