London Calling deplores the gilding of Tata’s tarnished image
New York-based Rainforest Alliance has certified Tata (Tetley brand) teas as “sustainable”. The first products carrying this highly sought-after stamp of approval will be selling in the UK before April, and throughout the world over the coming few years. Yet, Tata is on record as violating Indigenous Peoples’ rights, threatening the integrity of rainforests, and [...]
Vedanta chimney case: charge sheet filed against Balco CEO, nine others
A charge sheet has been filed against Vedanta subsidiary Balco’s CEO and nine others by Chhattisgarh Industrial Health and Security Department in the Chimney collapse case.
See http://www.hindustantimes.com/News-Feed/chhattisgarh/Chimney-case-Charge-sheet-filed-against-Balco-CEO-9-others/Article1-503742.aspx.
For background on this case, see http://londonminingnetwork.org/tag/chhattisgarh/.
Manslaughter charges filed in Vedanta chimney case
Indian police have filed manslaughter charges against three local managers of the Britain-based Vedanta mining group in connection with an industrial chimney collapse that killed 40 workers (see http://londonminingnetwork.org/2009/09/uk-company-vedanta%E2%80%99s-indian-disaster/ for background). The three men, all employed by Vedanta’s India subsidiary Balco, were charged in court with culpable homicide not amounting to murder.
See http://www.google.com/hostednews/afp/article/ALeqM5gqx95VaLHSWTGTBvaMF4BjtH3fkQ.
Vedanta on trial
Sixteen years of fraud?
Vedanta Resources’ launch on London’s stock exchange in late 2003 was the second biggest UK floatation of that year – and the largest-ever by an Indian company. It had taken several months for the UK’s Financial Services Agency (FSA) to supposedly check the company’s credentials, specifically its financial provenance. Just how did [...]
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 [...]
