UPDATE 1-Indian court grants Vedanta conditional access to its copper smelter

By Reuters / August 10, 2018 / in.investing.com / Article Link

(Adds details)

NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), which was shut down by the state government two months ago on environmental grounds.

The court said Vedanta employees could enter the smelter premises for "administrative purposes" but the company was not allowed to resume operations.

The court was hearing Vedanta's request to reopen the plant and the hearing will resume on Aug. 20.

The government of the southern state of Tamil Nadu ordered the permanent closure of the Thoothukudi plant and disconnected its power supply in May, saying the plant was polluting.

Its decision followed protests that turned violent, culminating in police firing on protesters, killing 13 of them. The protesters had demanded a permanent shutdown of the plant, which they said was causing air and water pollution.

Vedanta has said the protests were based on false notions and that the plant was closed due to "political considerations and to appease the public protests."

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok