On a recent visit to Bhubaneswar, the capital of the large eastern state of Odisha, I found the airport plastered with advertisements and slogans expressing the nurturing, socially conscious side — caring for the poor, …
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Vedanta’s PR Campaign Backfires in India
Vedanta plans new holding company
Anil Agarwal’s London-listed Vedanta Resources Group is planning to create a new diversified resources giant by merging Sterlite, Sesa Goa, Vedanta Aluminium and even its 60 per cent holding in Cairn India into one umbrella …
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Vedanta subsidiary offers 160 billion Rupees to buy out Indian government’s stake in Hindustan Zinc, Balco
Vedanta subsidiary Sterlite Industries has offered to pay Rs 16,000 crore to buy government stakes in Hindustan Zinc (HZL) and Bharat Aluminium Company (Balco), in which the majority holding was acquired by the Vedanta group …
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Fears Xstrata tailings dam could fail
AN INDEPENDENT monitor’s report into Xstrata’s McArthur River mine has said there were extreme risks of a tailings dam bank breaking as well as acid draining into one of the river’s tributaries. Environment Centre NT …
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Kazakhstan’s MPs Toughen Ecology Laws For Miners
Kazakhstan’s parliament has approved a strict ecology bill, in a move expected to make some of the world’s leading metals miners spend more on treating their waste. Ashim told Reuters in an interview in March …
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Greedy Glencore does not plan to change its ways
Private trader Glencore is to list in London this month
Greed Inc: A special investigation into pollution, dubious tax practices and exploitation of African workers at Glencore
News that the London Stock Exchange is on …
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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 …
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Vedanta sets sights on Anglo’s zinc business
Vedanta Resources promoter Anil Agarwal was just a scrap trader in Mumbai at the age of 20. Nearly four decades later, he is taking on Anglo-Swiss mining giant Xstrata and China Metallurgical to buy Anglo …
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Trafigura penetrates further into Peru
Swiss-headquartered Trafigura boasts of being the world’s second largest non-ferrous metals’ trader. In this regard, only Glencore pips it to the post. Notorious for its alleged dumping of tonnes of toxic wastes on the Ivory …
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Antamina expansion agreed in Peru
The board of Peruvian copper-zinc producer Minera Antamina has approved a US$1.29bn expansion project, the mine’s owners announced Tuesday. London-listed BHP Billiton and Xstrata and Canada’s Teck separately reported the plan to go ahead with …
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Vedanta’s top dog is biting on coal
Vedanta Resources plc spent $1.8bn in the six months to September 30, to expand capacities in aluminium, zinc, copper, iron ore and electricity. Since March this year, the company has raised $3.35bn for expenditure in …
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