Business Standard
Sunday, Nov 22, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios II
  Search:

Vedanta condemns UK agency's findings
BS Reporter / Bhubaneswar October 14, 2009, 0:01 IST

Vedanta Aluminium Ltd (VAL) has condemned the findings of UK National Contact Point, a British government agency which accused London-based Vedanta Resources, the parent company of VAL, of overlooking the interests of local communities in its Orissa projects.

 
 
Related Stories
News Now
-DCB Q2 net loss at Rs 16.9 crore
-Public hearing booster for Tata Steel Bastar plant
-Mid & small-cap firms to see single-digit growth
-Judge named for probe into Balco tragedy
-Using Kolkata port gets dearer
-Even MBAs lie to get a job

“Vedanta failed to put in place an adequate and timely consultation mechanism to fully engage the Dongria Kondh, an indigenous community who would be directly affected by the environmental, health and safety impact of its plans to construct a bauxite mine in the Niyamgiri Hills in Orissa”, had said the UK National Contact Point on the OECD (Organization for Economic Cooperation and Development) guidelines for multinational enterprises.

VAL questioned the legal right of UK-based agency to comment on the possible impact of a project being developed in India and considered its interference to be against the nation's sovereignty.

“We condemn the findings of the UK-based agency. Our bauxite mining project at Niyamgiri hills has been cleared by the Supreme Court, the highest judicial authority in India. It is inappropriate for the agency of any other country to comment on a project being developed in India”, Mukesh Kumar, chief operating officer of VAL's Lanjigarh project told Business Standard.

The conclusions on Vedanta's bauxite mining project have been based on the allegations of Survival International, an international NGO (non-governmental organization) known for its anti-industry standpoint, said Kumar.

“The report on our bauxite mining project and its potential impact on the local communities was prepared based on a complaint submitted by Survival International, which has an office in Bhubaneswar. They wished to involve us in the process of investigation but we denied it, as our project has to be developed in India and it has to meet the Indian legislation. A foreign agency has nothing to do with our project,” he added.

On allegations by Survival International that Vedanta’s proposed bauxite mine project was to be carried out on the Dongria Kondh’s sacred mountain, Kumar said, “ there is only one sacred mountain on the Niyamgiri hill range and our bauxite mining operations would not touch this sacred spot”.

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- S C Kalia takes over as Union Bank ED
- PNB may acquire majority stake in Kazakh bank
- Maoist hindering land acquisition for Tata steel project: Raman
- Koda says he will report to ED only after Jharkhand polls
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
Share this Story  
 
 
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Dersu
The Vendanta was able to proceed with plans in the first place suggests that protections more blighted minorities in India are still not in place. Robert Christian looks at the status of these forgotten Indias at asiachroniclenews.com
Reply
Most Popular
Read
E-Mailed
Commented
   
- Kurbaan could be Karan Johar's first flop
- CBI arrests one more in Satyam fraud case
- A golden lining seen in silver prices
- Ambani Jr, Brad Pitt join hands for sci-fi film
- Now, Sebi on MNS radar
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should India's defence sector be thrown open to foreign investments?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback