Create a free Manufacturing.net account to continue

India rejects Vedanta mining plan on green worries

NEW DELHI (Reuters) - New Delhi on Tuesday rejected a plan by India-focused mining group Vedanta Resources Plc to mine bauxite in an eastern state, a blow to the company already facing hurdles to a planned $9.6 billion energy deal in the country.

NEW DELHI (Reuters) - New Delhi on Tuesday rejected a plan by India-focused mining group Vedanta Resources Plc to mine bauxite in an eastern state, a blow to the company already facing hurdles to a planned $9.6 billion energy deal in the country.

London-based Vedanta said last week it had agreed to buy a majority stake in Cairn India from its UK-based parent Cairn Energy, although the country's trade minister said on Tuesday that state-run Oil and Natural Gas Corp should have a say in the deal.

SOURCE

More