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Vedanta streamlines, but what next?

Even as Vedanta Resources was unveiling the terms of a long-awaited merger of two of its Indian-listed subsidiaries, analysts were talking about what more the company could do to boost its under-performing share price.

One blue chip broker told Mining Journal: “There is still controversy over the financial performance and valuation of Vedanta’s Konkola Copper Mines (KCM) in Zambia.