London Mining Network

Holding the mining industry to account

Forest Ministry free to say ‘no’ to Vedanta

The Attorney-General of India has given the government a free rein to refuse forest clearance for Vedanta Aluminium’s bauxite mining proposal in the Niyamgiri Hills of Orissa. The project has been put on hold, while a committee led by NAC member N.C. Saxena examines how it would impact the life, livelihood and culture of Dongria [...]

EIRIS recommends governance steps to tackle investor concerns at Vedanta

Responsible investment research specialists, EIRIS, yesterday published a series of best practice recommendations designed to address investors’ concerns about environmental, social and governance (ESG) practices at Vedanta Resources (the FTSE 100 mining Company with interests in India and around the world). Vedanta Resources is facing growing international scrutiny from investors and NGOs for its plans [...]

Vedanta subsidiary wants land for steel production

Sesa Goa to buy land in Orissa, Jharkhand; plans to set up steel plant India’s largest private sector producer and exporter of iron ore, Sesa Goa Ltd, is acquiring land in the eastern states of Jharkhand and Orissa with an eye on manufacturing steel, managing director P.K. Mukherjee said on Tuesday. See http://www.americanchronicle.com/articles/yb/147653770.

Vedanta faces protests at AGM over ethical record

The environmental and human rights record of the miner Vedanta Resources will be put under the spotlight during its annual meeting next week, when the India-based group will face protests from pressure groups and an attempt by activist shareholders to remove members of the board. Vedanta, the world’s biggest zinc producer, declined to comment yesterday [...]

Further delays for Vedanta

Third blow for Vedanta in a month as mine faces new probe In the third major blow to Vedanta in a month, the Chief Secretary of the Indian state of Odisha (formerly Orissa) has ordered a new investigation into the rights of the Dongria Kondh tribe affected by Vedanta Resources’ controversial bauxite mine. The announcement [...]

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