Vedanta Resources

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Vedanta Resources plc

logo
legal form Public limited company
ISIN GB0033277061
founding 1976
Seat London , UK
management Kuldip Kaura, CEO
Number of employees 25,083
sales 15,359,000,000 USD
Branch Mining
Website www.vedantaresources.com
As of March 31, 2018

Vedanta Resources is a British mining company headquartered in London . The group mines aluminum , copper , zinc and lead in India . Vedanta operates one copper mine in Zambia and two in Australia .

The group includes the companies Bharat Aluminum Company , Konkola Copper Mines , Sterlite Industries and Madras Aluminum Company . The founder of Sterlite Industries and Vedanta Resources is Indian billionaire Anil Agarwal, who started out as a scrap dealer in Bombay in the mid-1970s. Forbes magazine estimates his net worth at approximately $ 6.4 billion.

In mid-August 2010 it was announced that Vedanta Resources would take over 60 percent of the crude oil production company Cairn India for 9.6 billion US dollars.

criticism

In 2009, Reprisk ranked the company in 2nd place in the list of “Environmental and Social Issues Most Controversial Multinational Enterprises”, and in 2010 3rd place. In 2012, 47 indigenous Indian villagers were arrested in India for fighting pollution protested in their country. The Vedanta copper smelter in Thoothukudi ( India ) is only 14 kilometers away from the Gulf of Mannar Marine National Park and is still to be expanded to become the largest copper smelter in the world. On May 22, 2018, police opened fire during a demonstration against the expansion, killing 13 demonstrators. As a result, the company was closed for the time being.

Individual evidence

  1. ↑ a b Annual Report 2018. May 10, 2018, accessed on June 8, 2019 .
  2. ↑ a b Handelsblatt : Entry into the oil and gas business. Vedanta mimics BHP Billiton. August 17, 2010, accessed January 31, 2012 .
  3. ^ Berne Declaration: Financial transactions in the dirty corner ( Memento of August 5, 2011 in the Internet Archive )
  4. ↑ http://www.amnesty.de/2012/1/30/haben-47-dorfbewohner-bei-friedlichen-protesten-orissa-festhaben?destination=startseite  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.amnesty.de  
  5. ↑ Tagesschau: Violence because of Kupferhütte. May 26, 2018. Retrieved May 26, 2018
  6. ↑ Reuters India: Tamil Nadu seeks permanent closure of Vedanta's copper smelter: officials. May 24, 2018, accessed May 26, 2018
  7. ↑ http://www.taz.de/Erverbindreicher-Umweltprotest-in-Indien/!5506069/