2. Cautionary Statement and Disclaimer
The views expressed here may contain information derived from publicly available sources that have not been
independently verified.
No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this
information. Any forward looking information in this presentation including, without limitation, any tables, charts
and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by Vedanta Resources plc ("Vedanta").
Past performance of Vedanta cannot be relied upon as a guide to future performance.
This presentation contains 'forward-looking statements' – that is, statements related to future, not past, events. In
this context, forward-looking statements often address our expected future business and financial performance,
and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward–
looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties
arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in
interest and or exchange rates and metal prices; from future integration of acquired businesses; and from
numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural,
political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future
results to be materially different that those expressed in our forward-looking statements. We do not undertake to
update our forward-looking statements.
This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta or any
of its subsidiary undertakings or any other invitation or inducement to engage in investment activities, nor shall
this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection
with, any contract or investment decision.
2Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
3. Vedanta: A Global Diversified Natural Resources Major
3
Vedanta Resources plc. listed on the FTSE in 2003
World-class portfolio of large, structurally low-cost, scalable assets with long life R&R
Invested over US$4 billion in Africa since 2005
Committed to sustainable development, supporting local communities and contributing to the
economies of the areas where we operate
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
4. Tier-1 Diversified Asset Portfolio
Positioning Target Capacity
R&R
Life1 Sustainable Cost Position
Largest integrated zinc-lead
producer 1mtpa 25+ Lowest Quartile
One of the largest undeveloped
zinc deposits in the world
400ktpa 20+
2
Lower Half
One of the largest silver
producers
16mozpa 25+ By-product
India’s largest privates sector oil
producer
260kboepd
3
17 Lowest Quartile
Largest Indian iron ore producer-
exporter developing large
deposit in Liberia
20.5mtpa
4
18 Lowest Quartile
World class fully invested
operation
400ktpa 24+
5
Lower Half
Strategically located large scale
assets
2.3mtpa
Currently Lower Half; Lowest
Quartile with Captive Bauxite
Zinc India
Zinc Intl.
Silver
Iron Ore4
Copper Zambia
Aluminium
Note: 1. At capacity as per R&R as at 31 March 2012; 2. Includes Gamsberg; 3. Capacity expected for the assets that are currently producing, subject to
approvals 4. Excluding Liberia; 5. Mine life of Konkola Deeps
Large, Low-Cost, Long-Life, Scalable Assets
Oil & Gas
4Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
5. 5
Note: FY2012 numbers are proforma with Cairn India for full year
Industry leading growth trajectory…
323
5,353
FY2004 FY2012
proforma
EBITDA (US$mn)
+42% CAGR
Free Cash Flow (US$mn)
335
3,128
FY2004 FY2012
proforma
+32% CAGR
Underlying EPS (USc/share)
27
209
FY2004 FY2012
proforma
+29% CAGR
Strong financial profile supported by diversified cash flow generation
Delivering industry-leading production growth driven by substantially invested projects
Recent acquisitions provide additional growth options
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
6. …and continued commodity diversification
6
Aluminium
16%
Copper
29%
Zinc India
55%
EBITDA: $323mn
Aluminium
3%
Copper
13%
Zinc India
23%
Zinc-Int.
7%
Iron Ore
14%
Oil & Gas
38%
Power
2%
FY2004
(IPO)
Aluminium
7%
Copper
19%
Zinc India
34%
Zinc-Int.
3%
Iron Ore
33%
Power
4%
EBITDA: $3.6 bn
FY2011
+10x
Proforma FY2012
with Cairn India for Full Year
EBITDA: $5.4bn
+16x
6
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
7. Emerging footprint in Africa
7
Vedanta has invested more than US$4 billion in Africa
Africa
Operations
Largest zinc producer in Africa
Among top 3 copper producers
Large iron ore assets in Liberia
Capital
Investment
$2.6bn in Zambia
Two large projects – Liberia iron ore and
Gamsberg zinc deposit
Contribution
to fiscus
One of the largest in Zambia
Contribute d 2.8% of GDP in Namibia in
2011
Contribution
to Society
Community programmes benefiting
150,000 people across 3 countries
Employees
Largest private-sector employer in
Zambia
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
8. Konkola Copper Mines
8Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
Substantial high
grade resources
and reserves
688.9 Mt of copper reserves & resources, 13.6 Mt of contained Cu
Konkola underground mine grade of 3.55% with 24+ years mine life
Well invested
production
facilities
New 300+ktpa Nchanga smelter; New East and West Mill
concentrators; Second Cobalt Recovery Furnace
Konkola Deep Mining Project (KDMP) mid-shaft loading commissioned
in April 2010 and waste hoisting from bottom-shaft commissioned in
October 2012
Substantial
production growth
and cost reduction
Growth in copper production from 200 kt production in FY2012,
targeting production of 400+ ktpa through brownfield expansion
Further cost reduction and stabilisation: targeting sustainable cost
performance of <$1.50/lb C1 integrated cash costs
Strong working
relationship with
Zambian government
The largest private employer in Zambia in terms of the number of
employees and third-party contractors
Zambian Government remains an important shareholder of KCM
Valued local
partner
Committed to training and developing the local workforce
Local communities: Numerous health, education and welfare
programmes
9. Konkola Copper Mines
9Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
Konkola Deep Mining Project
Konkola resource one of the highest grade,
Tier 1 copper ore bodies
At ~1.5 km, newly commissioned shaft is one
of deepest in the copper industry
Mid-shaft loading commenced in April 2010
Waste hoisting from bottom-shaft commenced
in October 2012
Ore hoisting from bottom-shaft expected to
begin within next 6-9 months
Nchanga Smelter
Direct-to-blister flash smelter commissioned
in 2008 to replace older, less efficient smelter
99.6% sulfur capture rate makes it second
most environmentally friendly smelters
in the world
Process recoveries at 98.6% and fossil fuel
consumption down ~69%
Only smelter that can recover cobalt from
conventional Cu concentrate
10. Black Mountain Mining
10
BMM has been in production for over three
decades
Underground operation, mining a polymetallic
orebody
Production rate of 1.7Mtpa ore hoisted
Sequential flotation plant produces c.83kt of
zinc, lead, copper and c.1.6 million troy ounces
of silver in conc.
Gamsberg, one of the largest undeveloped
zinc deposits in the world
Potential to produce 400ktpa zinc over a 20
year life of mine at Gamsberg North
Asset Reserves
(mt)
Reserve
Grade
Zn
Reserve
Grade
Pb
Resources
(mt)
Black
Mountain
8.2 2.5% 2.8% 63.81
Asset Resources (mt) Grade Zn
Gamsberg North 154 6.3%
Gamsberg East 32 9.8%
Priorities
Drilling of Swartberg deposit in order to extend
the life of operation
Gamsberg feasibility study for large open pit
mine & concentrator
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
Note: 1. Swartberg deposit
11. Skorpion Zinc
11
Skorpion Zinc is the only zinc refinery in
Africa
Largest integrated zinc operation in Africa
Ore to finished metal beneficiation within
Namibia
Refinery capacity of 150ktpa of Special High
Grade Zinc
Gergarub Deposit
Zinc-lead sulphide deposit
Discovered in 2008, located close to
Skorpion Zinc operations
Co-exploration agreement with Rosh Pinah
Zinc Corp.
Asset Reserves
(mt)
Reserve
Grade
Zn
Resources
(mt)
Skorpion 6.5 9.7% 2.6
Priorities
Investment in exploration in order to extend
the life of operation
Gergarub feasibility study
Skorpion Refinery Conversion feasibility study
Convert the current plant to treat sulphide
ore/concentrates
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
12. Western Cluster Limited
12
West Africa – the next Major Iron Ore hub
Potential to develop into a 100mtpa Iron Ore
exporting region
Western Cluster Limited
c.1bn ton resource across 3 deposits, 70-140
km from port
48 000m of drilling and aeromagnetic survey
completed in 2012
c.3x upside to earlier 1bn tonnes resource
estimate
Capex flexibility, proximity to port, low opex
($30-35/t)
Potential for ramp-up to 27mtpa
Priorities
Scoping and feasibility studies of the facilities
at the port of Monrovia
First shipment expected in FY2014
Asset Type Resources
Mano River Brownfield 80mt
Bea Mountain Greenfield 923mt
Bomi Hills Brownfield 50mt
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
13. 1. Responsible
stewardship
2. Building
strong
relationships
3. Adding and
sharing value
Sustainability – integral to our business
13
Embed sustainable development into every aspect of what we do
To improve our health and safety performance for a safer, more secure and healthier
environment
To contribute further and in a more targeted way to local communities
To continue to manage and minimize our impact on air, water and land
To maintain a dialogue with stakeholders to help us further understand what is needed to help
support a sustainable society and planet
Robust Sustainability Governance Structure
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
14. 14
Partnership with Govt of Namibia to upgrade
clinic in Rosh Pinah
80% reduction in malaria prevalence in areas
surrounding KCM operations
KCM operates 2 hospitals and 5 clinics
Free cataract surgery for surrounding
communities in Northern Cape
Support for FET College – O’Kiep, N Cape
Training and skills development at Skorpion
Bursaries at local and Indian University
Sponsored apprenticeships
Karas Regional Science Fair
KCM operates 2 child care centres and 2
trust schools with over 1,800 students in
Zambia
EducationHealth
Social and community partnerships are key to success
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
15. 15
Brick making facility, Pella, Northern Cape
Skorpion - Karas Goat Project
Cattle and goat rearing programs for
communities in which KCM operates
Brick making facility, Pella, Northern Cape
Sustainable livelihoods
Partnership with DBSA to build capacity in
local (Khai-Ma) municipality in Northern
Cape
Support for NGOs (Hope for Life)
Partnership with Department of Social
Development, Poffadder, Northern Cape
Capacity building
Social and community partnerships are key to success
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013
16. Strategic Priorities in Africa
Deliver industry-leading production growth across our portfolio
Continue to add reserves and resources to drive long-term value
Deliver projects on schedule with zero accidents and best quality
Pursue attractive investment opportunities in areas of strategic focus and competence
Partnering with government and communities associated with our operation to
make a lasting positive contribution
16
Growth and Long-Term Value Creation with a Focus on Sustainability
Vedanta’s Strategic Priorities in Africa - Investing in African Mining Indaba 2013