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BUZZ-Vedanta: down on Deutsche Bank downgrade

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) in Vedanta Resources (Other OTC: VDNRF - news) down c.7 pct, one of the top percentage losers on the FTSE-250 mid-cap index

** Deutsche Bank (Xetra: 514000 - news) downgrades Vedanta to "hold" from "buy" citing lowered iron ore and copper price expectations

** Also Bloomberg reports that Zambia plans to cut power to mines by as much as 16 pct, which according to Investec Securities could impact Vedanta (http://bloom.bg/1g4RBb5)

** Co has integrated copper operations in Zambia

** FTSE 350 mining index down 1 pct in early trading

** Of 13 brokerages covering the co, 7 have a rating of "hold", 4 having a rating of "buy", and 2 have a rating of "strong buy"

** Stock down 9 pct YTD (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)