BANKS DODGY DEALS CAMPAIGNS
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Banks and Pandemics
Our projects
Tracking the NZBA
Banks and Putin's war in Ukraine
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy Donate
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Login
Home › Dodgy Deals ›
Dodgy Deal
Vedanta ResourcesUnited Kingdom

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date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

Konkola copper mines

Zambia
Project
On record
Mining

Konkola copper mines

Zambia

Bauxite mine Niyamgiri Hills

India
Project
On record
Mining

Bauxite mine Niyamgiri Hills

India

Mining in Goa/ Sesa Goa

India
Project
On record
Mining

Mining in Goa/ Sesa Goa

India
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swedish banks in breach of human rights guidelines

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

Vedanta: time to give up on Niyamgiri mine

2011-07-27 | India | Survival International
BankTrack news BankTrack blog Partner news Partner blog

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

2011-06-14 | The Ecologist
BankTrack news BankTrack blog Partner news Partner blog

Zambia's Konkola plans $172 mln copper project

2011-04-08 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

ASN Bank blij over negatief besluit mijnbouw

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

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

2010-08-28 | The Economic Times
BankTrack news BankTrack blog Partner news Partner blog

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

2010-08-26 | Bhubaneswar, India | The Times of India
BankTrack news BankTrack blog Partner news Partner blog

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

2010-08-25 | Survival International
BankTrack news BankTrack blog Partner news Partner blog

Vedanta mine plan halted by Indian government

2010-08-24 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2010-08-24 | The Hindu
BankTrack news BankTrack blog Partner news Partner blog

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

2010-08-24 | New Dehli, India | CBOnline
BankTrack news BankTrack blog Partner news Partner blog

Vedanta mines illegal, must be shut down: Green panel

2010-08-17 | New Dehli, India | The Times of India
BankTrack news BankTrack blog Partner news Partner blog

Indiaas mijnbouwgigant koopt gasbedrijf Cairn (Dutch)

2010-08-17 | Amsterdam, the Netherlands | Financieel Dagblad
BankTrack news BankTrack blog Partner news Partner blog

Vedanta's Indian mining project under threat

2010-08-16 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2010-08-10 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Vedanta Resources: the world's most hated company?

2010-07-29 | The Independent
BankTrack news BankTrack blog Partner news Partner blog

Vedanta’s bad press risks undermining its image

2010-07-28 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

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

2010-07-28 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Question over funds for mine investment

2010-07-28 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2010-07-12
private BankTrack news BankTrack blog Partner news Partner blog

Dutch manager PGGM drops India's Vedanta over ethical concerns

2010-07-06 | Netherlands
BankTrack news BankTrack blog Partner news Partner blog

Vedanta’s Orissa plan to take off

2010-06-29 | The Economic Times
BankTrack news BankTrack blog Partner news Partner blog

A different kind of red terror

2010-06-27 | The Hindu
BankTrack news BankTrack blog Partner news Partner blog

Violence against tribes opposing British companies in India

2010-06-02 | survival International
BankTrack news BankTrack blog Partner news Partner blog

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

2010-04-30 | Edinburgh | World Development Movement
BankTrack news BankTrack blog Partner news Partner blog

RBS under fire for more ‘dirty’ investments

2010-04-25 | United Kingdom | The Sunday Herald
BankTrack news BankTrack blog Partner news Partner blog

Stop the Vedanta Project in Orissa

2010-03-17 | The Economic Times
BankTrack news BankTrack blog Partner news Partner blog

Vedanta's Orissa mining project under govt scanner

2010-03-16 | The Economic Times
BankTrack news BankTrack blog Partner news Partner blog

Vedanta takes on critics of mining at India tribal site

2010-03-04 | Yahoo news
BankTrack news BankTrack blog Partner news Partner blog

USS faces ethical dilemma over strip-mining operation

2010-03-04 | The Times Higher Education
BankTrack news BankTrack blog Partner news Partner blog

Pressure on Vedanta's UK investors growing

2010-02-18 | London | The Hindu Business Online
BankTrack news BankTrack blog Partner news Partner blog

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

2010-02-18 | Telegraph.co.uk
BankTrack news BankTrack blog Partner news Partner blog

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

2010-02-09 | London
BankTrack news BankTrack blog Partner news Partner blog

Amnesty report slams alumina mine run by Vedanta subsidiary in India

2010-02-09 | Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2010-02-08 | London
BankTrack news BankTrack blog Partner news Partner blog

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

2010-02-08 | OECD Watch
BankTrack news BankTrack blog Partner news Partner blog

Judges skirt global norms on conflict of interest

2009-10-22 | Times of India
BankTrack news BankTrack blog Partner news Partner blog

De groene bank is bruin geworden

2009-10-21 | Vrij Nederland
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2009-10-21 | London | Platform
BankTrack news BankTrack blog Partner news Partner blog

Treasury taken to court for RBS loans to Vedanta Resources

2009-10-20 | London, UK | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
private BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

'Petitioners didn't have say on Kapadia presence'

2009-10-13 | New Delhi, India | The Times of India
BankTrack news BankTrack blog Partner news Partner blog

Sesa Goa mining leases in Goa

2009-09-21 | Goa, India | Mandgoa blogspot
BankTrack news BankTrack blog Partner news Partner blog

HC restrains Sesa Goa from mining at Advalpal

2009-09-18 | Goa, India | The Times of India
BankTrack news BankTrack blog Partner news Partner blog

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

2009-03-25 | Goa, India | Mandgoa Blogspot
BankTrack news BankTrack blog Partner news Partner blog

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

2009-02-05 | Goa, India | Mandgoa blogspot
BankTrack news BankTrack blog Partner news Partner blog

Advalpal cries due to mining intrusion in the village

2009-01-17 | Mandgoa blogspot
BankTrack news BankTrack blog Partner news Partner blog

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

2008-06-26 | Pissurlem, India | Mandgoa blogspot
BankTrack news BankTrack blog Partner news Partner blog

Pissurlem, Mining and Living: Photo Essay

2008-04-17 | Pissurlem, India | Mandgoa blogspot
Resources
Documents
Images
Videos
Links
2015-06-17 00:00:00

IRRESPONSIBLE INVESTMENTS

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

Most controversial mining companies of 2011

Other document
2012-03-01 00:00:00 | RepRisk
2011-06-03 00:00:00

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

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

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

NGO document
2011-05-25 00:00:00 | Miriam Rose
2010-08-24 00:00:00

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

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

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

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

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

Other document
2010-03-12 00:00:00 | Committee appointed by Indian government
2010-03-01 00:00:00

Don't mine us out of existence

NGO document
2010-03-01 00:00:00 | Amnesty International
2010-02-11 00:00:00

FAC Draft report site visit Lanjigarh (Dongria Kondh area)

NGO document
2010-02-11 00:00:00 | Usha Ramanathan
2010-01-01 00:00:00

CORPORATE MANSLAUGHTER; VEDANTA’S KILLER CHIMNEY at Korba

Other document
2010-01-01 00:00:00 | Pravin Patel
2009-10-14 00:00:00

Vedanta Resources in Niyamgiri – A Project Chronology

Other document
2009-10-14 00:00:00 | Urgewald
2009-10-01 00:00:00

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

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

Thomson list of Vedanta shareholders October 2009

Other document
2009-10-01 00:00:00 | Thomson
2009-09-25 00:00:00

UK COMPANY VEDANTA'S INDIAN DISASTER

Other document
2009-09-25 00:00:00 | London Mining Network
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

Other document
2009-09-25 00:00:00 | UK National Contact Point
2009-09-22 00:00:00

Vedantoxics

NGO document
2009-09-22 00:00:00 | London Mining Network
2009-09-21 00:00:00

Undermining development in Zambia

Other document
2009-09-21 00:00:00 | ACTSA
2009-09-21 00:00:00

Vedanta Resources undermines development in Zambia

Other document
2009-09-21 00:00:00 | Action for Southern Africa (ACTSA)
2009-09-20 00:00:00

Human rights are your business

Other document
2009-09-20 00:00:00 | Amnesty International
2009-09-10 00:00:00

Trouble in Paradise

Other document
2009-09-10 00:00:00 | Megha Bahree
2009-08-18 00:00:00

Anil Agarwal's Big Bang Theory

Other document
2009-08-18 00:00:00 | Prince Mathews Thomas & T. Surendar
2009-08-15 00:00:00

Briefing on Vedanta and the Niyamgiri Hills

NGO document
2009-08-15 00:00:00 | Urgewald
2009-08-01 00:00:00

Vedanta Resources

NGO document
2009-08-01 00:00:00 | Profundo
2009-07-27 00:00:00

Concerns raised at the Vedanta plc AGM

Other document
2009-07-27 00:00:00 | London Mining Network
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

Other document
2008-12-19 00:00:00 | Survival
2007-10-01 00:00:00

Undermining development? Copper mining in Zambia

Other document
2007-10-01 00:00:00 | ACTSA et. al.
2007-07-01 00:00:00

Vedanta cares?

NGO document
2007-07-01 00:00:00 | ActionAid
2007-05-15 00:00:00

Recommendations on Vedanta

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

Paradeplatz (Switzerland)

2011-11-09
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

2010-08-18
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

2009-08-20
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

2009-06-09
Sesa Goa mining has caused cracks to the house of Vinayak Arondekar at Varchavada, Advalapal.

Pictures of floods from mining sites in Goa

2009-06-06
Pictures of floods from mining sites in Goa.

Mining Companies like Sesa Goa threaten Advalpal

2009-04-14
Pictures of the village Advalpal and the Sesa Goa mine

Protests against Vedanta owned Sesa Goa in Panjim

2008-06-04
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

2010-08-24 11:56:53

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
2010-08-23 12:12:31

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.
2010-08-17 13:04:52

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.
2009-10-05 16:24:27

Deutsche Bank and Vedanta

Damning report of Deutsche Bank's involvement with the controversial Vedanta resources mining corporation in India.
2009-08-20 11:48:22

Anti Vedanta Tribal Struggle

Short video on pollution & protests in Lanjigarh, Orissa against London based Vedanta Aluminum.
2009-08-20 11:41:54

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.
2009-08-20 11:37:08

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.
http://www.survival-international.org/films/mine

Konkola Copper Mines profile

More info on the BankTrack website about one of Vedanta's projects.

Bauxite mine Niyamgiri hills

More information on BankTrack website about one of Vedanta's projects

Mines and Communities

The MAC website exposes the social, economic, and environmental impacts of mining, particularly as they affect Indigenous and land-based peoples.

London Mining Network

LMN is an alliance of human rights, development and environmental groups.

Blogspot Mandgoa

An adivasi-rights resource centre. An initiative of Gawda, Kunbi, Velip and Dhangar Federation (GAKUVED).

Vedanta sustainable development pages

Action Aid India

Send feedback on this profile
Sections
Banks Policies Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature Banks and Pandemics
Our projects
Tracking the NZBA Banks and Putin's war in Ukraine Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy Donate
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Tel: +31 24 324 9220
Contact@banktrack.org
Donate Mailing list Facebook Twitter
©2022 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted