Thursday, November 15, 2012

'No Mining, No Vedanta' Vedanta a British based Indian Company on London Stock Exchange

The struggle of common people continuing. Niyamgiri hill or alternate mining areas are being protested for bauxite mining from Bhawanipatna of Kalahandi district to Gatamalli hill of Rayagada.

'NO Mining-No Vedanta'if this voice of the people is not emphasized in the mainstream media than also people are voicing against mining.

It is impossible to run the Langigarh Vedanta project without Odisha's top official said.

Their last hope is Niyamgiri hill,because the paper works for first phase for alternate mining has not yet been ready of Odisha mining corporation is passionately waiting for the last decision by supreme court for Niyamgiri. which has been well understood by the protesters.that's why the common-man are raising their voice


Vedanta Resources plc (LSE: VED) is a global diversified metals and mining company headquartered in London, United Kingdom.

It is the largest mining and non-ferrous metals company in India and also has mining operations in Australia and Zambia.[2] Its main products are copper, zinc, aluminium, lead and iron ore.[2][3] It is also developing commercial power stations in India in Orissa (2,400 MW) and Punjab (1,980 MW).[4]

It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

news update 1/11/2012

Anil Agrawal, chairman of London Stock Exchange listed Vedanta Resources, on Thursday met Odisha chief minister Naveen Patnaik in Bhubaneswar in a view to ending the bauxite crisis in the group’s subsidiary Vedanta Aluminium Limited’s alumina refinery in the state. After meeting Patnaik,

Agrawal told reporters that the plant had to run. He said the state government had promised the company to provide bauxite and they had invested Rs. 60,000 crore in the state.

“The chief minister assured us that he would look at it on a priority basis,” Agrawal said, adding that the company did not want to enter into any controversy.

Agrawal said he was very positive about everything as the state government was looking at several alternatives as it was concerned about lack of bauxite for the refinery and alumina for the company’s aluminium smelter in Jharsuguda (about 350 km west of Bhubaneswar).

The on-million-tonne-per-annum alumina refinery in Lanjigarh in Kalahandi district, more than 500 km southwest of Bhubaneswar, had told the Odisha government on September 6 it wanted to temporarily shut down the plant due to lack of bauxite by December 5.

The company’s MoU with the Odisha government in 2004 included supply of 150 million tonnes of bauxite for the refinery. The state government had identified Niyamgiri hill as source of bauxite supply to the extent of 78 million tonnes through state owned Odisha Mining Corporation (OMC).

However, in 2010 the union ministry for environment and forest scrapped forest clearance for mining from Niyamgiri.

The OMC has moved to the Supreme Court seeking approval for mining in Niyamgiri.

VAL authorities said since starting operations in 2007, the refinery was sourcing bauxite from Chhattisgarh, Andhra Pradesh, Jharkhand and Gujarat.

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