There’s been a lot of recent speculation that Vedanta’s flagship bauxite mining project, at Nyamgiri in Orissa, is about to receive the clearance the company has been seeking for the past five years. Its hopes were boosted recently when the Indian prime minister’s office issued a statement saying the project should (with weak conditions) be allowed to proceed. But, as an article in the Economic Times (June 30) explains, there’s still some way to go before Anil Agarwal’s potentially destructive venture gets a final go-ahead. Three days earlier, another Indian correspondent had ably rehearsed the case against the mine and refinery. And last Friday, the renowned TV comedian and world traveller, Michael Palin, set his own redoutable cap against the Nyamgiri project. These are issues which Vedanta will ignore at its peril at its Annual General Meeting, to be held in London on July 28th.
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Vedanta faces bauxite mining setback in India
Vedanta faces another wait for approvals to go ahead with its proposed bauxite mining project in India’s Orissa state which it wants to provide feed for its Lanjigarh alumina refinery.