Vedanta: Risks to banks
At a September seminar in London with investors in Vedanta, mining researcher Roger Moody of Nostromo Research gave the following paper on risks to banks from investments in the company.
Roger has 26 years experience in studying the mining industry.
Roger started by comparing Vedanta’s Anil Agarwal with Dick Fuld – the toast of Wall Street three [...]
Vedantoxics
Vedanta and its subsidiaries have been accused of numerous violations of the law. Apart from various legal cases against it because of its Lanjigarh smelter and its Niyamgiri project, mining researcher Roger Moody has produced the following list of just some of the cases against the company.
2006
May 2006: Vedanta fined 50,000 Rupees by Delhi High [...]
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 [...]
