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 [...]
Anti-Vedanta activism hits the spotlight in Tamil Nadu
Vedanta’s aggressions against Dongaria Kondh, Dalit and other communities in Orissa, aren’t the only examples of the UK company’s unlawful behaviour, now confirmed by India’s Ministry of Environment and Forests. Manifold indictments of the company’s environmental pollution and illicit expansion at its Tuticorin copper smelter in Tamil Nadu date back further than allegations surrounding Vedanta’s [...]
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 [...]
Vedanta AGM report
Vedanta plc held its annual shareholders’ meeting a month ago. The following report summarises the issues raised at the meeting, and the responses from the company. Concerns raised at the Vedanta plc AGM, Monday 27 July 2009 The following is a summarised version of notes taken at Vedanta’s annual shareholders’ meeting by a member of [...]
