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Miner Vedanta continues its recovery with robust first-half profits


By Arathy S NairDiversified miner Vedanta Resources said it sees further upside for zinc prices as it announced a 37.4 percent rise in half-year profit on Friday.A rebound in metals prices has prompted the miner to expand production of zinc and aluminium, enabling it to continue its recovery after being particularly hard hit by the commodities slump that ended early last year.The company, which is searching for a new chief executive after the departure of Tom Albanese in August, benefited as zinc prices leapt by more than a third on average in the six months to Sept. 30.Interim Chief ...

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First Published: Fri, November 10 2017. 16:24 IST