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Vedanta faces protests over India mine project

Author: Reuters, Published on: 27 July 2010

Vedanta Resources will face protests at its shareholders' meeting on Wednesday from investors and pressure groups over its plans to build a bauxite mine in an area [in India] sacred to indigenous people. Pressure groups have long opposed a planned mine in India's eastern Orissa state, but the sympathetic move by major asset manager Aviva Investors (part of insurer Aviva) marks a more activist stance by institutional investors on social issues...To show its concern over the Bauxite mining project and other issues with the company, Aviva said it plans to vote against three resolutions at Vedanta's meeting on Wednesday.

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Related companies: Aviva