Vedanta Resources plc was listed in London in December 2003. We are a diversified and integrated FTSE 250 metals and mining group with annual sales of $1.9bn. Our principal operations are located in India, where we have a major market share in each of our main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and a copper mine in Australia.
Vedanta has a strong track record in managing operations and improving costs and output. Our Indian zinc and copper operations rank in the top quartile of global cost efficiency.
In addition to the existing operations, Vedanta has extensive expansion projects across each of our metals. Several major projects announced last year are now being implemented. With an investment spending of $3.1bn, half of which has already been completed.
At the time of listing, Vedanta set out a carefully structured strategy, to which the board and management remain committed.
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