Church of England disinvests from Vedanta Resources plc

Posted on | February 7, 2010

“… after six months of engagement, we are not satisfied that Vedanta has shown, or is likely in future to show, the level of respect for human rights and local communities that we expect of companies in whom the Church investing bodies hold shares.”
NEWS from the Church of England
PR20.10
05/02/2010
Church of England disinvests from Vedanta Resources [...]

C of E sells shares in Vedanta after pressure from campaigners

Posted on | February 7, 2010

The Church of England has disinvested from the controversial mining company, Vedanta Resources, after sustained pressure from campaigners, including many Christian groups.
Vedanta was just one of a number of investments in mining companies which the Church of England still holds.
Both the Church of England and the Methodist Church hold shares in Anglo American, BHP Billiton [...]

Mining companies reject windfall tax

Posted on | February 7, 2010

MINING companies have vehemently opposed the reintroduction of a windfall mining tax in Zambia despite the current boom in international copper prices, warning that raising taxation could plant uncertainty in future investments in the sector. Among the companies involved is London-listed Vedanta.
See http://www.minesandcommunities.org/article.php?a=9844.

Central team probes Vedanta land scam

Posted on | February 7, 2010

A central team is visiting a mining site in Orissa’s Niyamgiri hills to probe the allegation against British mining major Vedanta that it had grabbed forest land, officials said Saturday.
The union ministry of environment and forests team, led by senior official Usha Ramnath, visited Niyamgiri hill in the district of Kalahandi and inspected the site [...]

Indian miner to list up to six spin-off firms

Posted on | February 7, 2010

Vedanta Resources is plotting one of the biggest money-spinning corporate break-ups of a Ftse 100 company in years. The Agarwal family, which has a majority stake in the India-based miner, is considering a spin-off of several of its interests, resulting in five or six companies plus a parent. Vedanta would retain controlling interests in them [...]

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