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Vedanta ResourcesUnited Kingdom
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Created before Nov 2016
Last update: 2015-11-01 14:53:47
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| Sectors | 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.
Issues
Governance
Financiers
banks
Debt – corporate loan
USD 40 million
June 2009
Debt – corporate loan
June 2004
Loan provided to subsidiary Sterlite Industries
Debt – corporate loan
USD 40 million
June 2009
Approached, interested
USD 75 million
April 2007
inherited from take over part of Fortis
Debt – corporate loan
USD 75 million
April 2007
Bank of Baroda
banks
Debt – corporate loan
USD 50 million
June 2009
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Bank of Taiwan
banks
Debt – corporate loan
USD 5 million
August 2005
Loan provided to subsidiary Hindustan Zinc
Debt – corporate loan
USD 66.8 million
August 2008
Bond issue – underwriter
USD 208.3 million
June 2008
Debt – corporate loan
USD 75 million
April 2007
Bond issue – underwriter
2004
Debt – corporate loan
USD 10 million
August 2008
Debt – corporate loan
USD 66.8 million
August 2008
Bond issue – underwriter
USD 208.3 million
June 2008
Share issue – underwriter
EUR 129 million
June 2007
12.9 million shares/ €129 million - Managed and underwritten for subsidiary Sterlite Industries
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 50 million
June 2009
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 15 million
March 2006
Loan was provided to subsidiary Sterlite Industries by ICICI Bank, Calyon, and Standard Chartered Bank
Debt – corporate loan
USD 12.5 million
August 2005
Loan was provided to subsidiary Hindustan Zinc
Crédit Agricole CIB
banks
Debt – corporate loan
USD 50 million
June 2009
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 15 million
March 2006
Loan was provided to subsidiary Sterlite Industries by ICICI Bank, Calyon, and Standard Chartered Bank
Debt – corporate loan
USD 12.5 million
August 2005
Loan was provided to subsidiary Hindustan Zinc
Debt – corporate loan
USD 50 million
June 2009
Debt – corporate loan
USD 25 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 10.25
August 2005
Loan provided to subsidiary Hindustan Zinc
Deutsche Bank
banks
Bond issue – underwriter
USD 500 million
October 2009
Along with Morgan Stanley, for subsidiary Sterlite Industries
Debt – corporate loan
USD 50 million
July 2009
Bond issue – underwriter
USD 208.3 million
June 2008
Bond issue – underwriter
2004
Uncategorised
End 2009 Deutsche Bank sold its bonds in Vedanta
Bond issue – underwriter
USD 883 million
March 2010
Along with UBS, JPMorgan Chase and Morgan Stanley. For Subsidiary Vedanta Resources Jersey II.
Bond issue – underwriter
USD 500 million
September 2009
Along with Morgan Stanley, for subsidiary Sesa Goa
Debt – corporate loan
USD 234 million
June 2008
Loan was provided by Bank of Maharashtra, Corporation bank, Indian Bank, United bank of India, and Vijaya Bank. ICICI bank acted as lead arranger.
Debt – corporate loan
USD 77 million
April 2007
Debt – corporate loan
USD 77.1 million
March 2006
Loan was provided to subsidiary Sterlite Industries by ICICI Bank, Calyon, and Standard Chartered Bank
Debt – corporate loan
USD 3.25 million
August 2005
Loan was provided to subsidiary Hindustan Zinc
Debt – corporate loan
USD 25 million
August 2008
Bond issue – underwriter
USD 883 million
March 2010
Along with UBS, Goldman Sachs and Morgan Stanley. For Subsidiary Vedanta Resources Jersey II.
Uncategorised
USD 132.16 million
July 2009
shares/bonds underwriter or manager - Along with Morgan Stanley, for subsidiary Sterlite Industries
Bond issue – underwriter
USD 312.5 million
June 2008
Share issue – underwriter
December 2003
Share issue – underwriter
December 2003
Debt – corporate loan
USD 70 million
June 2009
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 73 million
April 2007
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 10 million
August 2005
Loan provided to subsidiary Hindustan Zinc
Bond issue – underwriter
USD 883 million
March 2010
Along with UBS, Goldman Sachs and JPMorgan Chase. For Subsidiary Vedanta Resources Jersey II.
Bond issue – underwriter
USD 500 million
October 2009
Along with Deutsche Bank, for subsidiary Sterlite Industries
Bond issue – underwriter
USD 500 million
September 2009
Along with Goldman Sachs, for subsidiary Sesa Goa
Bond issue – underwriter
USD 1.25 billion
July 2009
Uncategorised
USD 132.16 million
July 2009
shares/bonds underwriter or manager - Along with JPMorgan Chase, for subsidiary Sterlite Industries
Bond issue – underwriter
312.5 million
June 2008
Share issue – underwriter
EUR 530 million
June 2007
53 million/ €530 million - Managed and underwritten for subsidiary Sterlite Industries
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 12.5 million
August 2005
Loan provided to subsidiary Hindustan Zinc
Bond issue – underwriter
December 2004
Debt – corporate loan
August 2004
Loan facility for BALCO
National Bank of Kuwait
banks
Debt – corporate loan
USD 6.5
August 2005
Loan provided to subsidiary Hindustan Zinc
Nomura
banks
Share issue – underwriter
EUR 11.5 million
June 2007
Managed and underwritten for subsidiary Sterlite Industries
Debt – corporate loan
USD 50 million
August 2008
Debt – corporate loan
August 2007
source:
link
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 77.1 million
March 2006
Loan was provided to subsidiary Sterlite Industries by ICICI Bank, Calyon, and Standard Chartered Bank
Debt – corporate loan
USD 12.5 million
August 2005
Loan was provided to subsidiary Hindustan Zinc
Debt – corporate loan
USD 2,158 million
February 2010
Participation in a ten-year loan to subsidiary Vedanta Aluminium. Through SBI Capital. Deal still in process and is yet to be closed.
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 66.8 million
August 2008
Debt – corporate loan
USD 75 million
April 2007
Debt – corporate loan
USD 10 million
August 2005
Loan provided to subsidiary Hindustan Zinc
Debt – corporate loan
USD 200 million
April 2010
Participation in revolving credit facility
Bond issue – underwriter
USD 883 million
March 2010
Along with Goldman Sachs, JPMorgan Chase and Morgan Stanley. For Subsidiary Vedanta Resources Jersey II.
Union Bank of India
banks
Debt – corporate loan
August 2004
Loan facility for subsidiary BALCO
export credit agencies
Export Import Bank of India
export credit agencies
Debt – corporate loan
August 2004
Loan facility for subsidiary BALCO
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.
News
Documents
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Type:
Year:
other documents
Decision on grant of forest clearance for bauxite mining in Lanjigarh bauxite mines.
other documents
Decision on grant of forest clearance for bauxite mining in Lanjigarh bauxite mines.
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
