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Vedanta Resources (VED)

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Friday 08 August, 2008

Vedanta Resources

Supreme Court Decision

RNS Number : 9837A
Vedanta Resources PLC
08 August 2008
 



 


Bauxite Mining Project at Lanjigarh Receives Supreme Court Approval


Vedanta Resources plc ('Vedanta' or the 'Company') announces that the Honourable Supreme Court of India ('Supreme Court') today approved the bauxite mining project at Lanjigarh in the Kalahandi District of Orissa. 


The Company is delighted that the project has been given the go-ahead and is committed to its implementation in accordance with the guidelines and safeguards laid down.


The bauxite mining project along with the Lanjigarh alumina refinery will bring significant employment and economic livelihood for the local people and contribute to the overall development of the region.



For further information, please contact:

Sumanth Cidambi

Associate Director - Investor Relations

Vedanta Resources plc


sumanth.cidambi@vedanta.co.in

Tel: +44 20 7659 4732 / +91 22 6646 1531


Faeth Birch

Robin Walker

Finsbury


Tel:  +44 20 7251 3801


About Vedanta Resources plc

Vedanta Resources plc ('Vedanta') is a London listed FTSE 100 diversified metals and mining major. The group produces aluminium, copper, zinc, lead, iron ore and commercial energy. Vedanta has operations in IndiaZambia and Australia and a strong organic growth pipeline of projects. With an empowered talent pool of 29,000 employees globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information visit www.vedantaresources.com


Disclaimer

This press release contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'should' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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