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On record

This profile is no longer actively maintained, with the information now possibly out of date

Send feedback on this profile
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By: BankTrack
Created before Nov 2016
Last update: 2015-11-01 14:53:47

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Sector Mining
Headquarters
Ownership

The CEO Anil Agarwal founded Vedanta in 1976 and owns more than 50% of Vedanta's shares. Vedanta is listed on the London Stock Exchange.

Subsidiaries
Website http://www.vedantaresources.com

About Vedanta Resources

Vedanta Resources is a mining company. It produces aluminum, copper, lead and zinc. Vedanta has a strong position in India, where its founder Anil Agarwal was born, but is also active in Zambia, Australia, and Tanzania.

Vedanta is one of the most controversial mining companies in the world. The research site Mines and Communities describes Vedanta as the textbook example of irresponsible mining. The ethical committee of the Norwegian Pension Fund has therefore banned Vedanta from its investment portfolio because of serious environmental damage and human rights breaches.

Impacts

Governance

Financiers

Since 2009 several banks have indicated they will not invest in Vedanta Resources anymore. Among these are Deutsche Bank, WestLB, and Danske Bank. Also many investments funds have disinvested from Vedanta Resources. Among these are the Norwegian Government Pension Fund, Martin Currie Investments, the Church of England, the Joseph Rowntree Charitable Trust and the Dutch Pension Fund PGGM. The main reasons for these disinvestments are Vedanta's persistent bad performance on environmental, social, and human rights issues, and its refusal to cooperate and improve on these issues.

Related projects

Projects

There are no projects active for Vedanta Resources now.
on record

Konkola copper mines Zambia

Mining
on record

Bauxite mine Niyamgiri Hills India

Mining
on record

Mining in Goa/ Sesa Goa India

Mining

News

| |
Type:
Year:
blog
external news
our news

Swedish banks in breach of human rights guidelines

2015-06-17 | Stockholm | Amnesty International, Swedish Consumers’ Association, Fair Finance Guide
blog
external news
our news

Vedanta: time to give up on Niyamgiri mine

2011-07-27 | India | Survival International
blog
external news
our news

Barclays, HSBC and RBS linked to 'dirty financing' for fossil fuels

2011-06-14 | The Ecologist
blog
external news
our news

Zambia's Konkola plans $172 mln copper project

2011-04-08 | Reuters
blog
external news
our news

ASN Bank blij over negatief besluit mijnbouw

http://www.asnbank.nl/index.asp?NID=10849
2010-08-30 | Zeist, The Netherlands
blog
external news
our news

Vedanta's Balco alleged of encroachment, environment ministry orders probe

2010-08-28 | The Economic Times
blog
external news
our news

AG's letter belies Orissa govt's claim on Vedanta clearance

2010-08-26 | Bhubaneswar, India | The Times of India
blog
external news
our news

David v. Goliath: Indian tribe in ‘stunning’ victory over mining giant

2010-08-25 | Survival International
blog
external news
our news

Vedanta mine plan halted by Indian government

2010-08-24 | The Guardian
blog
external news
our news

It is ‘no’ to Vedanta’s mine project in Orissa

2010-08-24 | The Hindu
blog
external news
our news

India declines permission to London-based Vedanta to mine bauxite for its alumina refinery

2010-08-24 | New Dehli, India | CBOnline
blog
external news
our news

Vedanta mines illegal, must be shut down: Green panel

2010-08-17 | New Dehli, India | The Times of India
blog
external news
our news

Indiaas mijnbouwgigant koopt gasbedrijf Cairn (Dutch)

2010-08-17 | Amsterdam, the Netherlands | Financieel Dagblad
blog
external news
our news

Vedanta's Indian mining project under threat

2010-08-16 | The Guardian
blog
external news
our news

Let's save the real Avatar: The survival of the Kondh Tribe is hanging in the balance

2010-08-10 | The Guardian
blog
external news
our news

Vedanta Resources: the world's most hated company?

2010-07-29 | The Independent
blog
external news
our news

Vedanta’s bad press risks undermining its image

2010-07-28 | The Financial Times
blog
external news
our news

Vedanta comes under fire for plans to build mine on 'sacred' land in India

2010-07-28 | The Guardian
blog
external news
our news

Question over funds for mine investment

2010-07-28 | The Guardian
blog
external news
our news

Vedanta’s Niyamgiri project delayed as Orissa goes for fresh forest survey.

2010-07-12
blog
external news
our news
private

Dutch manager PGGM drops India's Vedanta over ethical concerns

2010-07-06 | Netherlands
blog
external news
our news

Vedanta’s Orissa plan to take off

2010-06-29 | The Economic Times
blog
external news
our news

A different kind of red terror

2010-06-27 | The Hindu
blog
external news
our news

Violence against tribes opposing British companies in India

2010-06-02 | survival International
blog
external news
our news

BLOG WDM: Meeting with Philip Hampton, Chairman of RBS about Canadian tar sands and Vedanta Resources

2010-04-30 | Edinburgh | World Development Movement
blog
external news
our news

RBS under fire for more ‘dirty’ investments

2010-04-25 | United Kingdom | The Sunday Herald
blog
external news
our news

Stop the Vedanta Project in Orissa

2010-03-17 | The Economic Times
blog
external news
our news

Vedanta's Orissa mining project under govt scanner

2010-03-16 | The Economic Times
blog
external news
our news

Vedanta takes on critics of mining at India tribal site

2010-03-04 | Yahoo news
blog
external news
our news

USS faces ethical dilemma over strip-mining operation

2010-03-04 | The Times Higher Education
blog
external news
our news

Pressure on Vedanta's UK investors growing

2010-02-18 | London | The Hindu Business Online
blog
external news
our news

Charity sells £1.9m stake in 'morally indefensible' Vedanta

2010-02-18 | Telegraph.co.uk
blog
external news
our news

India: Government must stop bauxite mine and refinery expansion (Vedanta) until human rights are addressed

2010-02-09 | London
blog
external news
our news

Amnesty report slams alumina mine run by Vedanta subsidiary in India

2010-02-09 | Guardian
blog
external news
our news

Vedanta plans a break-up; six spin-offs could be listed

2010-02-08 | London
blog
external news
our news

Church of England disinvests from Vedanta Resources after following up on issues also raised in OECD Guidelines complaint

2010-02-08 | OECD Watch
blog
external news
our news

Judges skirt global norms on conflict of interest

2009-10-22 | Times of India
blog
external news
our news

De groene bank is bruin geworden

2009-10-21 | Vrij Nederland
blog
external news
our news

High Court decision: Treasury can ignore climate change and human rights

2009-10-21 | London | Platform
blog
external news
our news

Treasury taken to court for RBS loans to Vedanta Resources

2009-10-20 | London, UK | The Guardian
blog
external news
our news

Unprecedented legal battle over RBS' unethical investments

New report on 'Royal Bank of Sustainability' calls for new course for RBS
2009-10-20 | London | Platform
blog
external news
our news
private

Silicosis, the curse of Khambhat

A 1991 survey carried out by the Indian Council of Medical Research estimated that more than three million people, mostly coal, manganese and zinc miners, were found to be having the disease
2009-10-20 | New Delhi, India
blog
external news
our news

'Petitioners didn't have say on Kapadia presence'

2009-10-13 | New Delhi, India | The Times of India
blog
external news
our news

Sesa Goa mining leases in Goa

2009-09-21 | Goa, India | Mandgoa blogspot
blog
external news
our news

HC restrains Sesa Goa from mining at Advalpal

2009-09-18 | Goa, India | The Times of India
blog
external news
our news

One more sad day for Goa: Goa Police Protection for mining company

2009-03-25 | Goa, India | Mandgoa Blogspot
blog
external news
our news

Goa's ruin continues: three more mining Public Hearings in Colamb

2009-02-05 | Goa, India | Mandgoa blogspot
blog
external news
our news

Advalpal cries due to mining intrusion in the village

2009-01-17 | Mandgoa blogspot
blog
external news
our news

Sesa Goa's illegal dumps in Pissurlem: No Action from Government

2008-06-26 | Pissurlem, India | Mandgoa blogspot
blog
external news
our news

Pissurlem, Mining and Living: Photo Essay

2008-04-17 | Pissurlem, India | Mandgoa blogspot

Documents

Type:
Year:
ngo documents
2015-06-17 00:00:00

IRRESPONSIBLE INVESTMENTS

A study of Swedish banks’ investments in companies linked to human rights abuses
2015-06-17 00:00:00 | Fair Finance Guide Sweden, Amnesty International
other documents
2012-03-01 00:00:00

Most controversial mining companies of 2011

2012-03-01 00:00:00 | RepRisk
other documents
2011-06-03 00:00:00

Report on visit to Alumina Refinery of Vedanta Aluminium Ltd., Lanjigarh, Orissa

2011-06-03 00:00:00 | Siddhanta Das, Member secretary SPCB, Orissa
ngo documents
2011-05-25 00:00:00

Red mud spill and people's resistance at Niyamgiri: A first hand report from the struggle

2011-05-25 00:00:00 | Miriam Rose
other documents
2010-08-24 00:00:00

Decision on grant of forest clearance for bauxite mining in Lanjigarh bauxite mines.

2010-08-24 00:00:00 | Indian Ministry of Environment and Forest (MoEF)
other documents
2010-08-24 00:00:00

Decision on grant of forest clearance for bauxite mining in Lanjigarh bauxite mines.

2010-08-24 00:00:00 | Indian Ministry of Environment and Forest (MoEF)
other documents
2010-03-12 00:00:00

Site inspection report for diversion of forest land for Bauxite mine in Lanjigarrgh

2010-03-12 00:00:00 | Committee appointed by Indian government
ngo documents
2010-03-01 00:00:00

Don't mine us out of existence

2010-03-01 00:00:00 | Amnesty International
ngo documents
2010-02-11 00:00:00

FAC Draft report site visit Lanjigarh (Dongria Kondh area)

2010-02-11 00:00:00 | Usha Ramanathan
other documents
2010-01-01 00:00:00

CORPORATE MANSLAUGHTER; VEDANTA’S KILLER CHIMNEY at Korba

2010-01-01 00:00:00 | Pravin Patel
other documents
2009-10-14 00:00:00

Vedanta Resources in Niyamgiri – A Project Chronology

2009-10-14 00:00:00 | Urgewald
other documents
2009-10-01 00:00:00

Brief Preliminary Report on Vedanta’s Killer Chimney at KORBA in Chhattisgarh, India

2009-10-01 00:00:00 | Fact Finding team on Vedanta’s chimney disaster
other documents
2009-10-01 00:00:00

Thomson list of Vedanta shareholders October 2009

2009-10-01 00:00:00 | Thomson
other documents
2009-09-25 00:00:00

UK COMPANY VEDANTA'S INDIAN DISASTER

2009-09-25 00:00:00 | London Mining Network
other documents
2009-09-25 00:00:00

Final Statement by the UK National Contact Point for the OECD Guidelines for Multinational Enterprises Complaint from Survival International against Vedanta Resources plc

2009-09-25 00:00:00 | UK National Contact Point
ngo documents
2009-09-22 00:00:00

Vedantoxics

2009-09-22 00:00:00 | London Mining Network
other documents
2009-09-21 00:00:00

Undermining development in Zambia

2009-09-21 00:00:00 | ACTSA
other documents
2009-09-21 00:00:00

Vedanta Resources undermines development in Zambia

2009-09-21 00:00:00 | Action for Southern Africa (ACTSA)
other documents
2009-09-20 00:00:00

Human rights are your business

2009-09-20 00:00:00 | Amnesty International
other documents
2009-09-10 00:00:00

Trouble in Paradise

2009-09-10 00:00:00 | Megha Bahree
other documents
2009-08-18 00:00:00

Anil Agarwal's Big Bang Theory

2009-08-18 00:00:00 | Prince Mathews Thomas & T. Surendar
ngo documents
2009-08-15 00:00:00

Briefing on Vedanta and the Niyamgiri Hills

2009-08-15 00:00:00 | Urgewald
ngo documents
2009-08-01 00:00:00

Vedanta Resources

2009-08-01 00:00:00 | Profundo
other documents
2009-07-27 00:00:00

Concerns raised at the Vedanta plc AGM

2009-07-27 00:00:00 | London Mining Network
other documents
2008-12-19 00:00:00

Complaint to the UK National Contact Point under the Specific Instance Procedure of the OECD Guidelines for Multinational Enterprises

2008-12-19 00:00:00 | Survival
other documents
2007-10-01 00:00:00

Undermining development? Copper mining in Zambia

2007-10-01 00:00:00 | ACTSA et. al.
ngo documents
2007-07-01 00:00:00

Vedanta cares?

2007-07-01 00:00:00 | ActionAid
other documents
2007-05-15 00:00:00

Recommendations on Vedanta

2007-05-15 00:00:00 | Norwegian Pension fund

Media

Paradeplatz (Switzerland)

Protests at Vedanta's AGM 2010, London

Dongria Kondh

Sesa Goa mining cracks Arondekar's house in Advalpal

Pictures of floods from mining sites in Goa

Mining Companies like Sesa Goa threaten Advalpal

Protests against Vedanta owned Sesa Goa in Panjim
















Video links

http://iball.iii.co.uk/2010/02/19/vedanta-ved
http://www.ndtv.com/news/videos/video_player.php?id=1160656
http://www.bbc.co.uk/iplayer/episode/p004bkfg/World_Briefing_25_09_2009/
http://www.survival-international.org/films/mine

Links

Konkola Copper Mines profile

More info on the BankTrack website about one of Vedanta's projects.
http://www.banktrack.org/show/dodgydeals/konkola_copper_mines

Bauxite mine Niyamgiri hills

More information on BankTrack website about one of Vedanta's projects
http://www.banktrack.org/show/dodgydeals/bauxite_mine_niyamgiri_hills

Mines and Communities

The MAC website exposes the social, economic, and environmental impacts of mining, particularly as they affect Indigenous and land-based peoples.
http://www.minesandcommunities.org/list.php?r=831

London Mining Network

LMN is an alliance of human rights, development and environmental groups.
http://londonminingnetwork.org/tag/vedanta/

Blogspot Mandgoa

An adivasi-rights resource centre. An initiative of Gawda, Kunbi, Velip and Dhangar Federation (GAKUVED).
http://mandgoa.blogspot.com/

Vedanta sustainable development pages

http://www.vedantaresources.com/sustainability/

Action Aid India

http://www.actionaid.org/india
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