The “Indian summer” which saw a lull in attempts by Orissa’s government to advance the notorious POSCO project, may be just about to end. There are now fears that company “security”, backed by police, will …
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Vedanta accused of fraud – yet again!
As if the catalogue of violations by Vedanta’s Goan iron mining subsidiary, revealed earlier this month, wasn’t enough, it’s now accused of major fraud. India’s Serious Fraud Office is said to have ordered prosecution of …
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Nuclear news
Rio outbids Cameco for Hathor Exploration
Rio Tinto is expanding its presence in Canada with an all-cash offer to acquire Hathor Exploration, which owns the Roughrider uranium deposit in Saskatchewan. See http://www.mining.com/2011/10/19/rio-outbids-cameco-for-hathor-exploration/.
Ranger mine …
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Vedanta guilty of illegal mining, admits political donations
In August 2011, Vedanta’s primary iron ore mining subsidiary, Sesa Goa, was cited in an official report as one of the companies found to have been mining illegally in the state of Karnataka. Now, the …
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Essar Weighs $750M Infrastructure IPO in London
Essar Group, the Indian company whose businesses range from shipping to power, is considering listing infrastructure assets in London to raise about $750 million, three people with knowledge of the matter said.
JPMorgan Chase & …
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Apply Chhattisgarh’s special security law to Essar, says Congress
The opposition Congress Party has asked Chhattisgarh’s ruling Bharatiya Janata Party (BJP) to proceed under the state’s stringent public security law against the Essar group, which is alleged to have provided huge protection money to …
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Move Beyond Coal, Now
The coal industry is racing to ensure its place in our world’s future before safer, healthier and cheaper clean energy takes hold.
Ill-equipped to compete and survive in the emerging clean energy economy it must …
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Vedanta’s refinery expansion plan suffers another setback
Vedanta has suffered another setback in its fight-back to expand the aluminium refinery in Orissa after the Union environment ministry had struck down its environment clearance for violations.
The Cuttack bench of the Orissa High …
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Rio Tinto and partners to invest $US2 billion in Orissa iron ore project
RIO Tinto has finally revealed volumes and spending intentions for its long-held Orissa iron ore joint venture in India, as it focuses on supplying domestic markets.
Nuclear news
Protesters have been on hunger strike to prevent nuclear power station construction in Tamil Nadu, India
Indefinite Fast Against Nuclear Plant in Koodankulam
http://www.justicia.in/indefinite-fast-against-koodankulam-nuclear-plant-5th-day-update/
Anti- Nuclear Fasters’ Health Critical
http://www.countercurrents.org/pmane180911.htm
“Halt Koodankulam Nuclear Power Plant Project” – …
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Apex court reserves order on Vedanta subsidiary’s plant
The Indian Supreme Court has reserved its order on a plea of Vedanta subsidiary Sterlite Industries Ltd. (SIL), which has sought permission to continue operating its Tamil Nadu-based copper smelting plant which was ordered shut …
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Essar accused of funding opposing armed groups in India
Commentary by Nostromo Research
The release of a wikileak (below) last week raises questions about the operations (and governance) of one of the largest companies recently registered on the London Stock Exchange – one which …
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