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, growth with inclusive values, creating...
UK company brazenly flouted construction rules Two and a half years ago, Vedanta’s BALCO subsidiary was accused of illegally constructing a coal-fired power plant whose chimney collapsed, killing at least forty two workers in the Indian township of Korba,...
India’s environment minister has ordered that the proposal by UK-listed Vedanta to expand its Orissa alumina refinery six fold, be held in abeyance. The decision seems effectively to put the highly-controversial Nyamgiri mine project on indefinite hold. However,...
Yet another junior member of the notorious Anil Agarwal clan has spread their wings with the blessing of the pater familias. Last month, the Vedanta Resources’ executive chairman’s daughter was revealed as leading the company’s...
Indonesian group Bakrie has until Friday to resolve a covenant breach on a $437 million loan following a drop in the price of its London-listed coal miner Bumi Plc last week, sources familiar with the loan said on Monday. The breach was the latest in a series of debt...
Glencore, the commodity and mining firm worth £27bn, stands accused in the Democratic Republic of the Congo of dumping raw acid and profiting from children working 150ft underground. The revelations come as the notoriously secretive Swiss-based company, which floated...
