Search results for "vedanta"

Vedanta excluded again by Norwegian pension fund

In its latest report, released on 9th March 2017, the Norwegian Council of Ethics has again excluded Vedanta from the Government Pension Fund’s investment universe. The report is an indictment of Vedanta’s pattern of operation at four subsidiaries in Odisha, Chhatisgarh, Tamil Nadu and Zambia, finding “numerous reports of Vedanta’s failure to comply with government requirements” and concluding that “there continues to be an unacceptable risk that your company will cause or contribute to severe environmental damage and serious or systematic human rights violations.”
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Niyamgiri decries State human rights abuses and rejects NGOs

Indigenous Dongria Kondh and Dalit Bahujan residents of Niyamgiri mountain held a demonstration in Muniguda, Odisha, under the banner of Niyamgiri Suraksha Samiti. The protest demanded an end to harassment, false arrests and murder of indigenous activists by police and paramilitary forces, and rejected the involvement of NGO’s in their decades long movement to prevent Vedanta and other companies mining their sacred mountain.
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How KCM is killing the Zambian Copperbelt

In October 2015 Foil Vedanta visited Vedanta’s Zambian subsidiary Konkola Copper Mines (KCM) for the second time to investigate the legacy of pollution that has destroyed the environment and livelihoods around Chingola since 2004, when Vedanta bought controlling shares in KCM. KCM is Africa’s largest copper mine and the largest mining company in the copper dependent economy of Zambia.
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India’s tribal slaves to stone

Hundreds of tribal people work without proper protection, defenceless against splintered and flying stones and pervasive dust. Such scenes are typical of many extractive operations in India, where health and safety regulations are ignored by thousands of small domestic construction and mining outfits. But the company guilty of these violations has a workforce of 82,000 - and it's BRITISH!
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Vedanta’s fit for a Panama hat?

Journalists all over the place are zealously digging up evidence of tax avoidance by individuals and companies, based on what's emerging from the so-called Panama Papers. Many culprits haven't yet been named and it's possible some of the worst may never be. What a pity if - in the lulls that customarily follow such media storms - they were ignored? Among these must surely be the Indian mining capitalist Anil Agarwal, chairman and majority owner of London-listed Vedanta Resources plc.
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