Govt rejects Vedanta mining plan on green worries

India’s environment ministry on Tuesday rejected a plan by India-focused mining group Vedanta Resources Plc to mine bauxite in Orissa, dealing a blow to the company already struggling with regulatory issues in India.
The decision pertains to one mining site in eastern Orissa state where it runs an alumina refinery on bauxite imported from elsewhere in India. The decision was announced in a government statement.

The company is facing regulatory hurdles in its bid for control of Cairn India, a potential deal valued at $9.6 billion that can give billionaire Anil Agarwal-led group a slice of India’s oil reserves and exposure of surging demand.

Source:http://timesofindia.indiatimes.com/business/india-business/Govt-rejects-Vedanta-mining-plan-on-green-worries/articleshow/6425009.cms

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