Church accused of unethical investment in Vedanta
The Church of England and one of Britain’s leading charities have been revealed as shareholders in a London-based company behind a controversial aluminium mine in India which campaigners allege will wreak environmental destruction. Vedanta Resources, a FTSE 100 company whose majority shareholder is the Indian billionaire Anil Agarwal, won permission last month for its subsidiary [...]
Golden Peacock? Pure poppycock, claim Indian demonstrators against Vedanta
Two years ago UK-listed Vedanta Resources plc was awarded India’s “Golden Peacock ” 2007 prize for best practices in training. That event failed to ruffle many feathers, nor was doubt cast on the organisation making the award – the so-called World Environment Foundation (WEF) based in the UK. Nonetheless, an article in The Observer newspaper [...]
Xstrata proposes ‘merger of equals’ with Anglo American
London-listed Xstrata Plc, the largest exporter of coal used by power plants, has proposed a “merger of equals” with Anglo American Plc to gain access to iron ore mines and control of the world’s biggest platinum producer.
Xstrata pressed the directors of Anglo American Plc to enter into negotiations over its proposed 24 billion-pound ($39 billion) [...]
Rio Tinto sued for pollution at “best practice” mine “
A few years ago Rio Tinto walked away from one of the most controversial mines in its recent history – the Flambeau copper project in Wisconsin, USA. A coalition of Native American and local people had taken up arms against one of the world’s biggest mining companies, but lost. The company has claimed it fulfilled [...]
Blood Diamonds – Time to Plug the Gaps
Civil Society Groups warn effectiveness of Kimberley Process compromised
A landmark scheme established in 2003 to prevent trade in conflict diamonds is potentially failing in its objectives, campaigners said today.
Ahead of a key meeting of the Kimberley Process Certification Scheme (KPCS) in Namibia, a coalition of civil society groups said that despite having all the tools [...]
