Tom Albanese stocks up on Vedanta shares

20th Nov 2013 16:14

Tom Albanese, a big player in the mining industry, has bought a round of shares in Vedanta Resources worth 298,290 pounds. Albanese, who is the former chief of Rio Tinto, purchased 30,500 shares at 978p each. In September the director took up an advisory role as Chairman of Vedanta Resources Holdings, a subsidiary of the London-listed group. Vedanta last week reported a 17% fall in first half revenue to $6.2bn, reflecting falling oil and metals prices. In the six months to September 30th, average prices of copper, aluminium, zinc and Brent crude were down 9%, 7%, 3% and 2%, respectively. The group posted a loss, attributable to equity holders, of $217m, compared to a profit of $173.6m a year earlier.Nevertheless, Vedanta achieved record oil and gas production and an increase in the output of refined zinc, lead and silver at Zinc India.Top Director BuysInfinis Energy (INFI) Director name: Mr Gordon BoydAmount purchased: 396,414 @ 260.00p Value: £1,030,676Infinis Energy (INFI) Director name: Mr Ian D MarchantAmount purchased: 140,384 @ 260.00p Value: £364,998Asian Plantation Ltd. (DI) (PALM) Director name: Mr Datuk Amar Leonard Linggi JugahAmount purchased: 50,000 @ 199.00p Value: £99,500Infinis Energy (INFI) Director name: Mr Christopher ColeAmount purchased: 30,769 @ 260.00p Value: £79,999Infinis Energy (INFI) Director name: Mr Ray KingAmount purchased: 19,230 @ 260.00p Value: £49,998IMI (IMI) Director name: Mr Birgit NørgaardAmount purchased: 3,000 @ 1,497.18p Value: £44,915Infinis Energy (INFI) Director name: Mr Alan BryceAmount purchased: 9,615 @ 260.00p Value: £24,999Ariana Resources (AAU) Director name: Mr Michael de VilliersAmount purchased: 1,000,000 @ 1.10p Value: £11,000Top Director SellsFBD Holdings (FBH) Director name: Mr Andrew LangfordAmount sold: 67,000 @ € 16.40 Value: € 1,098,800FBD Holdings (FBH) Director name: Mr Cathal O'CaoimhAmount sold: 56,000 @ € 16.40 Value: € 918,400A&J Mucklow Group (MKLW) Director name: Mr Justin ParkerAmount sold: 37,344 @ 502.00p Value: £187,467A&J Mucklow Group (MKLW) Director name: Mr David WooldridgeAmount sold: 20,033 @ 502.00p Value: £100,566Baronsmead VCT (BDV) Director name: Mr Godfrey F JillingsAmount sold: 97,013 @ 75.02p Value: £72,779Baronsmead VCT (BDV) Director name: Mr Peter LawrenceAmount sold: 59,230 @ 75.12p Value: £44,494Personal Group Holdings (PGH) Director name: Mr Ken W RooneyAmount sold: 2,913 @ 448.50p Value: £13,065ICAP (IAP) Director name: Mr Iain TorrensAmount sold: 3,125 @ 387.30p Value: £12,103NR