First Quantum Minerals has agreed to pay Zambia $224-million in tax arrears. The company has also been singled out along with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources, and Glencore‘s local …
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Zambia seeks taxes from mining companies
‘Transparency’ hides Zambia’s lost billions
African analyst, Khadiha Sharife, exposes “tax avoidance” by mining companies in Africa – specifically by Glencore in Zambia – and elsewhere. She notes that mining corporations’ tax avoidance schemes cost African nations billions of dollars …
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India: Toxic sludge leak from Vedanta’s red mud pond threatens rural communities
Amnesty International has warned that thousands of families in the Indian state of Orissa are facing serious health risks during the imminent monsoon season following reports of leaks at the Vedanta Aluminium refinery’s main ‘red …
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Worker Killed in Vedanta subsidiary Accident
Amalanathan, a 28-year old crane maintenance mechanic, was electrocuted and killed in Vedanta-subsidiary Sterlite Copper’s premises. According to workers, Amalanathan died on the spot. According to a Marumalarchi Dravida Munnetra Kazhagam (MDMK) party worker, it …
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With the chimney collapse began the downfall
Following concerns about the track record of the UK-based Vedanta Resources, the Indian Prime Minister’s Office (PMO) in Delhi has asked for a review of the company’s past performance in India’s mining and power sectors …
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Cairn Energy, Vedanta open to renegotiate deal
The much awaited USD 9.6 billion Cairn Energy and Vedanta deal which has been in the logjam may see the light of the day soon. Vedanta is open to renegotiate the deal with Cairn.
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Vedanta poised to float off Zambian copper arm in $7.3 bn IPO
Indian controlled, but London listed, diversified miner, Vedanta, is reported to be poised to float off Konkola Copper Mines, its major Zambian copper producer, in a London Initial Public Offering, for around US$ 7.3bn.
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Vedanta – once more unto the breach!
Second red mud spill reported in Orissa
The Norwegian government seemed to have got it right when it dumped its holding in London-listed Vedanta in 2007, effectively damning the company as a “serial offender”. In …
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Mines Bigger than Yours! Forbes’ rankings surprise
Forbes magazine has, until lately, rated the size (or power, if you prefer) of publicly-listed companies according to their value in the market (market capitalisation) on any specific date. Now it’s adopted three further criteria …
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Vedanta at Lanjigarh: developer or landgrabber?
Despite Vedanta’s roaring hoardings of ‘Mining Happiness’, forceful grabbing of adivasi land by the company in Lanjigarh has always been a burning issue. Adivasis had been knocking all possible doors for justice: from the local …
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Vedanta’s track record comes under review, Cairn India falls
The Prime Minister’s Office (PMO) has asked for a review of Vedanta’s track record in the country’s mining and power sector before approving its $9.6-billion acquisition of Cairn India, a move that may further delay …
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