Shares in Vedanta group firms – Sterlite Industries, Sesa Goa, and Cairn India – traded lower Wednesday on news that Vedanta Aluminium (VAL) will shut down the 3 million-tonne-per-annum alumina refinery in Lanjigarh.
Author Archive | Richard
Moves by unknown shell companies to control lucrative natural resources may have cost Democratic Republic of Congo $1 billion in lost revenue, as UK-listed mining company Glencore under pressure to explain deals. See http://www.theecologist.org/News/news_analysis/1235793/glencore_faces_questions_over_controversial_drc_mine_sales.html
Many British local authorities’ pension funds are ‘beneficial holders’ of shares in Vedanta. This means that although they may not hold shares in the company themselves, they benefit financially from an asset manager holding shares …