Government should consider a freeze on mining in Naxal-hit areas, tribal affairs minister V Kishore Chandra Deo has said. Deo clarified that he was not against the industry or economic development, but unresolved land rights and mining were principle causes of alienation among tribals. This gave Maoists a toe-hold to exercise control over the area and local population.
Among the companies that have stimulated most opposition are London-listed Vedanta and Essar and South Korean steel company POSCO, which has London-based financing. British-based investors in POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see