Since 2010, the major Swiss banks Credit Suisse and UBS have financed the world’s most controversial mining firm: Vedanta Resources. Vedanta earned the number two spot on a 2009 list of “most environmentally and socially controversial multinational companies” by...
Press release from Leigh Day and Co 20 July 2011 Legal proceedings by 33 Peruvians against UK-based Monterrico Metals PLC have been settled by compensation payments, without admitting liability. The London High Court trial was scheduled for 10 weeks from October with...
London-listed mining group Vedanta Resources has completed the first tranche of its purchase of Cairn Energy’s Indian subsidiary after acquiring a 10 per cent stake for $1.5 billion. Vedanta acquired 191.92 million equity shares of Cairn India at Rs 355 per...
Barbed wire fences and the sweltering heat failed to hold them back Sunday afternoon. Mine opponents and the environmentally conscious covered the Yellow Dog Plains in a peaceful demonstration, a message for Rio Tinto subsidairy Kennecott Eagle Minerals to back off....
One of the Congress party’s oldest, and best-respected, member is now the new Cabinet Minister of Tribal and Panchayati Raj Affairs in India’s central (union) government. Last week, Vyricherla Kishore Chandra Suryanarayana Deo reportedly...
New herders’ organisation pledges fight for change A former Goldman Environmental Prize winner is set to take on the fastest-growing mining industry anywhere in the global South. Mongolia’s Tsetsegee Munkhbayar, a nomadic herder and leader of the...
