LONDON (ShareCast) - 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 Buys

Infinis Energy (INFI)
Director name: Mr Gordon Boyd
Amount purchased: 396,414 @ 260.00p
Value: £1,030,676

Infinis Energy (INFI)
Director name: Mr Ian D Marchant
Amount purchased: 140,384 @ 260.00p
Value: £364,998

Asian Plantation Ltd. (DI) (PALM)
Director name: Mr Datuk Amar Leonard Linggi Jugah
Amount purchased: 50,000 @ 199.00p
Value: £99,500

Infinis Energy (INFI)
Director name: Mr Christopher Cole
Amount purchased: 30,769 @ 260.00p
Value: £79,999

Infinis Energy (INFI)
Director name: Mr Ray King
Amount purchased: 19,230 @ 260.00p
Value: £49,998

IMI (IMI)
Director name: Mr Birgit Nørgaard
Amount purchased: 3,000 @ 1,497.18p
Value: £44,915

Infinis Energy (INFI)
Director name: Mr Alan Bryce
Amount purchased: 9,615 @ 260.00p
Value: £24,999

Ariana Resources (AAU)
Director name: Mr Michael de Villiers
Amount purchased: 1,000,000 @ 1.10p
Value: £11,000


Top Director Sells

FBD Holdings (FBH)
Director name: Mr Andrew Langford
Amount sold: 67,000 @ € 16.40
Value: € 1,098,800

FBD Holdings (FBH)
Director name: Mr Cathal O'Caoimh
Amount sold: 56,000 @ € 16.40
Value: € 918,400

A&J Mucklow Group (MKLW)
Director name: Mr Justin Parker
Amount sold: 37,344 @ 502.00p
Value: £187,467

A&J Mucklow Group (MKLW)
Director name: Mr David Wooldridge
Amount sold: 20,033 @ 502.00p
Value: £100,566

Baronsmead VCT (BDV)
Director name: Mr Godfrey F Jillings
Amount sold: 97,013 @ 75.02p
Value: £72,779

Baronsmead VCT (BDV)
Director name: Mr Peter Lawrence
Amount sold: 59,230 @ 75.12p
Value: £44,494

Personal Group Holdings (PGH)
Director name: Mr Ken W Rooney
Amount sold: 2,913 @ 448.50p
Value: £13,065

ICAP (IAP)
Director name: Mr Iain Torrens
Amount sold: 3,125 @ 387.30p
Value: £12,103

NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE