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Vedanta ResourcesUnited Kingdom
Company – On record
This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
BankTrack
Last update: 2015-11-01 14:53:47
Company – On record
This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
BankTrack
Last update: 2015-11-01 14:53:47
Why this profile?
About
| 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 |
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
Financiers
Institution type
Finance type
Year
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.
Projects
There are no active project profiles for
Vedanta Resources now.
News
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External
Resources
Documents
Images
Videos
Links
Paradeplatz (Switzerland)
Protestors part of the global "Occupy" movement demonstrating against human rights violations and the financing of Vedanta projects by banks such as Credit Suisse and UBS.
Protests at Vedanta's AGM 2010, London
NGO's like Amnesty International, Survival International, ActionAid, London Mining Network, BankTrack, Platform and many more were protesting at the Vedanta AGM in London on 28 July 2010.
Dongria Kondh
Living on the Niyamgiri Hills the Dongria Kondh is one of India's most isolated tribes. Niyamgiri is Dongria Kondh's most sacred site.
Sesa Goa mining cracks Arondekar's house in Advalpal
Sesa Goa mining has caused cracks to the house of Vinayak Arondekar at Varchavada, Advalapal.
Pictures of floods from mining sites in Goa
Pictures of floods from mining sites in Goa.
Mining Companies like Sesa Goa threaten Advalpal
Pictures of the village Advalpal and the Sesa Goa mine
Protests against Vedanta owned Sesa Goa in Panjim
Advalpal villagers launched protest against British multinational - Vedanta owned Sesa Goa mining company in front of the Company headquarters in Goa's Capital city of Panjim.
Vedanta AGM protests
Don't mine us out of existence
UK-based mining company Vedanta Resources threatens the human rights of indigenous communities in the Indian state of Orissa. Email the Indian authorities now: http://bit.ly/vedantareport
Vedanta's AGM 2010
Amnesty International and other organisations such as Survival International, ActionAid, London Mining Network, BankTrack, Platform and many more were protesting at the Vedanta AGM in London on 28 July 2010. Local communities are at risk with the expansion of their alumina refinery and their proposed mine in the Niyamgiri Hills.
Goa mines: Kids bear the brunt
As India observes Children's Day a hard fact that could well be the shame of the country's beach paradise Goa is a school that is a serious health hazard. NDTV brings you exclusive report from Goa's Sonshi village where children go to a government school right in the middle of a mine.
Deutsche Bank and Vedanta
Damning report of Deutsche Bank's involvement with the controversial Vedanta resources mining corporation in India.
Anti Vedanta Tribal Struggle
Short video on pollution & protests in Lanjigarh, Orissa against London based Vedanta Aluminum.
Tribes pray to keep Vedanta away
With the Supreme Court poised to decide on clearance to bauxite from Niyamgiri, indigenous Kondh tribes of Orissa pray to keep controversial mining company Vedanta/Sterlite away from their sacred mountain.
Video links
http://iball.iii.co.uk/2010/02/19/vedanta-ved
More information about Vedanta's business
http://www.ndtv.com/news/videos/video_player.php?id=1160656
Sesa Goa plans to raise $500 million via FCCB. PK Mukherjee, the MD, said the company has huge growth plans and it is looking to expand it capacity to 50 million tones in two to three years.
http://www.bbc.co.uk/iplayer/episode/p004bkfg/World_Briefing_25_09_2009/
A radio briefing of September 25, 2009 including brief information regarding Vedanta's human rights record in relation to the Vedanta unit chimney collapse in Chattisgarh, India.
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