Stars-turned-politicians are lending their voices to protests by neighboring villagers against the plant in Tamil Nadu because of health concerns.
Vedanta Mining News
India's Supreme Court in February quashed all iron ore mining permits in the southwestern state of Goa, one of the top producing states for the steel making raw material.
The latest ban would affect not only Vedanta but also several small unlisted companies run by local families.
The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.
Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.
Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.
London's Court of Appeal opened the way for nearly 2,000 Zambian villagers can pursue a claim for damages.
The news follows the exit of former Anglo American CEO Cynthia Carroll, who stepped down last month.
Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.
In commercial production since 1896, the Mount Lyell copper and gold mine on Tasmania's west coast was put on care and maintenance two years ago.
Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.
The country’s environmental management authority found the copper concentrate imported from Chile had high levels of arsenic, a toxic substance.
Konkola Copper Mines, owned by Vedanta, said the move was a result of poor metal prices, which has hit the global copper industry very hard.
India's private iron ore producers are likley to suffer the effects of high costs, low prices and a poor export market.
Power restrictions could hit output of most copper mines operating in the country.
The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
The country's national pension fund has bought 15.9 million shares of Zambia's Consolidated Copper Mines-Investment Holdings for almost $80 million.
Mines minister Christopher Yaluma said reducing royalties below the recently revised 9% would make underground mining more cost effective.
The announced changes will be effective on July 1, once parliament has approved them.
Government claims it was not notified according to the law.
But the fund warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.
The new rules only apply to future payments and not amounts already owed.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.