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Markets

Vedanta Resources Quarterly EBITDA Surges

By Sarah Turner

Published July 30, 2010

| MarketWatch Pulse

LONDON -- Mining giant Vedanta Resources said Friday that its fiscal first-quarter earnings before interest, tax, depreciation and amortization jumped to $793.9 million, from $354.7 million in the year-ago period. Revenue rose 75.5% to $2.4 billion. Mined metal production for zinc, lead and silver declined 0.5%, saleable iron ore production rose 30.6%, Copper production from India and Australia was steady and Aluminum production rose 12.8%.

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