Vedanta Resources is a London-based FTSE 100 metals and mining group, diversified in operations and inclusive in scope.
We currently operate in India, Zambia and Australia, with extensive interests in aluminium, copper, zinc and lead. We employ over 30,000 people in our various locations. In December 2003, we proudly became the first Indian company to be listed on the London Stock Exchange.
Our vision is clear and committed: achieving and sustaining a global leadership position in non-ferrous metals.
Our mission is to become a million-ton per annum producer at the lowest decile costs in aluminium, copper and zinc. In so doing, we will put India on the global metals and mining map.
We have undertaken several greenfield and brownfield expansion projects in a number of locations in order to achieve this goal. The capital expansions completed in the first phase involved fairly complex project technologies, and an investment of $2.2 billion. We completed these expansions in record time, at costs significantly lower than international benchmarks, and now, the next phase of the expansion pipeline is currently underway.
'India is a fast-emerging and attractive resource destination, and we believe our strategy and business objectives will harness India's high-quality wealth of mineral resources at low costs of development, positioning it as a leader on the global metals and mining map.'
Chairman, Anil Agarwal
For thirty years, we have continually demonstrated our ability to deliver major value-creating projects, offering unparalleled growth at lowest costs and generating superior financial returns for our shareholders. At the same time, we continue to ensure that our expansion projects meet high conservative financial norms and do not place an unwarranted burden on our balance sheet and financial resources.
We develop and manage a diverse portfolio of mining and metals businesses to provide attractive returns to our shareholders, whilst always carrying out our activities in a socially and environmentally responsible manner, creating value for the communities where we operate. As one of the largest metals and mining groups in India, we remain continually committed to managing our business in a socially responsible manner. The management of environment, employees, health and safety and community issues, in respect of our operations is central to the success of our business.
The majority of our operations are certified to the International Management Systems Standard ISO 14001. We have also won numerous awards for safety and environment: we won the 2005 Recognition of Commitment Award from the Institute of Internal Auditors, USA, for our demonstrated strengths and continued focus on achieving operational efficiencies and process improvements. Vedanta is the only manufacturing company out of a total of four Indian companies to have ever received this award; the other recipients from India are in the technology and banking sectors.
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