Vedanta Resources plc has been found guilty of flagrant breaches of health and safety regulations in the faulty construction of a power plant chimney which collapsed, burying at least forty workers alive. The disaster – one of the worst in recent Indian...
For years, Vedanta Resources plc has been thwarted in gaining access to the Nyamgiri bauxite deposit in Orissa; meanwhile it has suspended alumina output from the adjacent Lanjigarh alumina refinery. The company has consistently failed to persuade Kondh tribal...
London-listed Vedanta Resources is about to pounce on India’s richest oil fields, with full permission of its central government and against the wishes of state-owned oil and gas conglomerate, ONGC. In 2011, Vedanta bought Cairn India from Scotland-based Cairn...
The organisations challenging plans for opencast mining at Phulbari in Bangladesh by Asia Energy (owned by London-based GCM Resources) gave an ultimatum on Tuesday to withdraw its local offices by March 30. The local unit of the National Committee to Protect Oil, Gas,...
Where now for GCM Resources’ controversial mining project in Bangladesh, after a protestor dressed as Santa Claus stormed the company’s pre-Christmas AGM and deposited a stocking full of coal in the lap of chairman Gerard Holden? See...
Indonesian coal miner Bumi Resources, part owned by London-listed Bumi Plc, swung into a $632 million loss for the first nine months of 2012 after taking a $422 million hit from a rogue derivatives trade. The steep loss is just the latest in a series of corporate...
