Vedanta Says India Snubs Orissa Plan, Studies Options
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Vedanta Resources Plc, seeking to mine bauxite in India’s Orissa state, said the regional government is studying alternative sources of the mineral after the company’s development plan was rejected.
Vedanta, controlled by billionaire Anil Agarwal, has been awaiting permission to mine bauxite, used to make aluminum, for more than four years as it seeks feedstock for its Lanjigarh alumina refinery. The Environment Ministry today dismissed Vedanta’s plan for a project in the Niyamgiri hills on concern it would affect tribes and wildlife.