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Vedanta ready to exit Niyamgiri hills

Barely a day after a four-member government panel submitted a report against UK-based Vedanta Resources being given mining rights for bauxite in Orissa, the company hit back on Tuesday saying that it is willing to do mining in any other location that the state government may allocate. "Without the requisite approvals and clearances we will not even move an inch," said Anil Agarwal, chairman, Vedanta Resources. "We are willing to look at alternate locations and it is the state government’s obligation to give us bauxite. It does not matter where the mine is located."...Stephen Corry, director of Survival International [said] "Let's hope this is the final nail in the coffin for Vedanta's plans."