A famous battle is won – now to end the war!
India’s environment ministry damns Vedanta’s Nyamgiri mine It wasn’t a foregone conclusion. However, following the unequivocal high-level condemnation of Vedanta’s proposed bauxite mining of the Nyamgiri hills in Orissa, a fortnight back, it would have been surprising had India’s environment minister not halted the project in mid-stream. It’s also little wonder that both domestic and [...]
Is Vedanta the “world’s most hated company”?
Anil Agarwal and his cronies had it coming. Their company, Vedanta Resources, last week confronted a far more vocal and aggressive presence at its London annual general meeting than ever before. For the first time too, a handful of investors stuck their head above the parapet – one of them ( Aviva) going on to [...]
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 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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