Global Natural Resources Conclave: Network18's two-day event kicks off today, will bring key players to a common platform
The platform aims to create awareness and spell out the ground realities, in terms of issues, opportunities and drawing the natural resources dividend.
With raw material issues casting a shadow on his Rs 50,000-crore aluminium project in Odisha, metal czar Anil Agarwal said he regretted choosing India over an acquisition in the US for the investment.
Mining conglomerate Vedanta Resources plunged into a USD 217 million loss for the six months ended September 30 amid lower metal prices and currency losses.
Vedanta Resources today said it has sought an alternate bauxite mine from Odisha government to run its Lanjigarh alumina refinery, which is staring at uncertain future due to local tribals rejecting the proposal to carry out mining in the Niyamgiri hills.
The time frame of the Social Impact Assessment may increase industry cost marginally, but it will lead to a considerable decrease in social cost and conflict, Rural Development Minister told CNBC-TV18.
The corporation believes that Supreme Court order is "a step closer" for doing mining in the Niyamgiri hills.
Without disclosing the beneficiaries, billionaire Anil Agarwal-promoted Vedanta in its annual report for 2011-12 stated that it paid USD 2.01 million to political parties in 2011-12.
UK shareholder advisory group Pirc has criticised India-focused miner Vedanta over political donations made ahead of elections in the country this year, advising shareholders to withhold votes on its report and accounts later this month.
The SC order in the 2G scam has tied policy in knots. It's time for the government to reclaim its right to govern and for the courts to pull back.
With the acceptance of the government preconditions by Cairn Energy, the firm's deal with Vedanta Resources got a thrust forward.