Companies that operate and profit extraterritorially must be accountable extraterritorially. The Supreme Court judgement on jurisdiction is a welcome step in making that possible

Vedanta shares will be removed from MSCI Global Standard Indexes from June 22. This follows the company's mega demerger into five separate listed entities. The residual Vedanta now has a smaller market capitalization. The demerger was completed on Monday with four new businesses debuting on the stock market. This index rejig may cause some share price volatility. economictimes.indiatimes.com…

Goa calling! RS 16,500 CRORE OF GOA'S PEOPLE BEING BURIED IN A CORPORATE DEMERGER Bring Vedanta to Justice youtube.com/live/o8YgP5HCCr0…

ज़मीन हमारी, राज तुम्हारा नहीं चलेगा... आरती स्पंज वापस जाओ। एनसी नाहर वापस जाओ। राजा बंगला में सड़क बनाना बंद करो | The 55-km Bastaria Raj Morcha padyatra from Alanar reached Dantewada on Thursday, where nearly 2,000 people gathered at the Collectorate to protest and demand a speedy and fair investigation. The Morcha alleged serious irregularities in the Gram Sabha and public hearing processes conducted in the Bhansi area. According to the organization, documents were prepared without the genuine consent of affected communities, and many villages were not adequately informed about the proposed project. Villages including Timenar, Urepal, Bechapal, Etepal, Indrinar, Porowada, Palnar, Dugali, and Kodapal could be impacted by the mining project, yet their voices were allegedly ignored in the decision-making process. The protesters called for transparency, accountability, and respect for the rights and consent of local communities.

Weaker environmental, human rights and labour standards were a contributing factor to China’s critical minerals dominance, but not the engine. China’s control came through processing and refining, supported by patient state capital willing to run projects at a loss, and an integrated industrial base of accumulated engineering know-how, intellectual property and scale. China’s low-standards approach has created commercial risks, which it has started to recognise. In Indonesia, China’s nickel investment caused deforestation, poisoned waterways and fatal smelter accidents, triggering licence revocations and demands from NGOs for higher standards. All this has put Indonesian nickel buyers under pressure. China is now lifting its environmental and human rights standards as a practical measure to reduce delays and avoid stranded assets. Whether China can build the culture and governance to deliver is another question – but it is notable that Beijing can already tie poor standards to financial consequences, and that the demand to act is coming from the Chinese Communist Party. That is what makes a Western race to the bottom a losing strategy twice over. It would surrender the one advantage allied democracies actually hold – the capacity to develop minerals with durable community consent. In the benchmark Spektrum conducted across 50 projects in 28 countries representing US$370.6 billion in combined value, we found nearly two-thirds exposed to legitimacy risks – community conflict, legal challenge and political reversal – that G7 strategy still treats as secondary. lowyinstitute.org/the-interp…

Vedanta/HZL's Alleged Illegal Toxic Waste Dumping in Rajasthan Raised with Chief Minister by MP C.P. Joshi Chittorgarh Member of Parliament (MP) C.P. Joshi has actively intervened in addressing the serious environmental and public health concerns arising from the accumulation of zinc waste and Jarofix allegedly dumped by Hindustan Zinc Limited (HZL) in Rajasthan. The issue has been brought to the attention of the Chief Minister, with concerns being raised regarding the potential impact of the waste on local communities, agricultural land, groundwater resources, and the surrounding environment. MP Joshi has urged the authorities to take appropriate action to assess the extent of the damage, ensure compliance with environmental regulations, and implement effective measures for waste management and remediation.

“The company is engaged in massive illegal dumping of coal fly ash in unauthorised areas, especially encroaching upon the Bheden and Ib riverbanks, different restricted places upstream of the Mahanadi river, as well as forest and agricultural land, in violation of environmental laws,” alleged Rao, president of Anchalik Paribesh Suraksha Sangh. The court-directed investigation comes at a time when Vedanta Aluminium is already facing regulatory action over alleged unauthorised extraction of water from the Bheden river system. In April this year, the Odisha government served a demand notice of ₹233.11 crore on Vedanta Aluminium, alleging illegal withdrawal of water from the river for nearly a year. business-standard.com/compan…

“There is currently substantial doubt about Konkola Plc's ability to continue as a going concern.” CopperTech owns a 79.42 per cent indirect stake in Konkola Copper Mines Plc, one of Zambia's largest copper producers. The remaining 20.58 per cent stake is held by ZCCM Investments Holdings Plc, a company in which the Zambian government is a shareholder. According to the filing, KCM reported operating losses of $46.9 million in the year ended March 2026 and $302.4 million in the previous year. The company also recorded negative operating cash flows of $66.3 million and $266.6 million, respectively, during the two financial years. Cash and cash equivalents stood at $154.1 million as of March 31, 2026. The filing said these factors “raise substantial doubt about Konkola Plc's ability to continue as a going concern”. business-standard.com/compan…

Iron ore is Australia’s most lucrative export industry, worth about $115 billion this year, but the big miners have warned the government the revenue stream faces an uncertain future after China moved to centralise about 70 per cent of its iron ore purchasing under the China Mineral Resources Group (CMRG), which was set up in 2022. afr.com/companies/mining/min…

Seeing conspiracy in copper smelter shutdown after protests, @PMOIndia appeals to courts Source: The Hindu, 7 June 2026, Chennai edition, p13, Business page.

A must read editorial from @RabiDasOdisha Ama Rajadhani: "The BJP government in Odisha, which brought about the end of the 24-year-old Naveen Patnaik government, has left those who thought that the government's priorities would change. But it seems that the Mohan Majhi government has doubled the priority that Naveen Patnaik gave to mining under the slogan of development of the state. Instead of improving the law and order situation in the state, it is deteriorating day by day."

“When citizens express worries and concerns, our duty is to act with caution and transparency,” Abinader said, adding the project remains in the environmental assessment phase despite exploration concessions granted in 2005. Dominican Republic President Luis Abinader has ordered a suspension of all activity at GoldQuest Mining’s (TSX-V: CQC) Romero gold-copper project after mass protests over environmental risks. mining.com/dominican-republi…

ବକ୍ସାଇଟ ମାଇନିଂ ବିରୋଧରେ ବିଶାଳ ମେଳି, ମୋହନ ସରକାରକୁ ଆଦିବାସୀଙ୍କ ଖୋଲା ଚାଲେଞ୍ଜ || Satyapatha Ground Zero Why is the Mohan government worried about the massive Adivasi congregation in Koraput? As thousands of tribals gather, one message is becoming louder — stop bauxite mining and ensure proper Gram Sabha consent. From Koraput to Rayagada, resistance against mining projects is growing rapidly, with local communities alleging violations of rights, land insecurity, and threats to forests and livelihoods. Is Odisha witnessing the rise of a new tribal movement? This ground report explores the anger, the politics, and why Koraput’s tribal mobilisation is becoming a major challenge for the government and mining corporations. youtu.be/X73oxzzmNOs?si=LMGK…

Madras High Court upholds tax demand against Vedanta over payments to foreign parent company. The Court dismissed three tax appeals filed by Vedanta and upheld an order of the Income Tax Appellate Tribunal. barandbench.com/news/litigat…

Villagers from Balda and Banur villages allege that Kalinga Alumina Limited, an Adani subsidiary, the panchayat, and district officials colluded to forge the signatures of dead, injured, and absent people on resolutions that consented to the mining. The villagers have now alleged that, despite lodging a detailed complaint months ago in February, the police have not yet registered an FIR against Kalinga Alumina Limited, the panchayat, and district officials, whom they accuse of colluding to divert 157.2 hectares of forest land over which they had traditional and spiritual rights under the Forest Rights Act, 2006. The local police and the office of the Superintendent of Police in Koraput were unavailable for a comment. thehindu.com/news/national/o…

Vedanta’s Zambian mines are “one of the few operations positioned to help meet US demand for copper,” Delaware-registered CopperTech said in the prospectus. The company said it is placed “to capitalize on what we believe will be an unprecedented copper demand cycle.” KCM plans to spend $2.7 billion by early next decade and aims to more than double copper output to 270,000 tons a year, with a third of that volume due to come from smelting metal supplied from other mines, the prospectus said. The funds from the offering will be applied toward completing the underground Konkola Deep operation, which is crucial to the company’s prospects of hitting the ambitious growth target, the prospectus said. bloomberg.com/news/articles/…

"The police force came at 2 am in the night. I stepped out of my house, and they hit me with the butt of a rifle. Yes, they hit me with a rifle. " A must-watch report by BBC India journalists Antariksh Jain and Vishnukant Tiwari, who travelled to the Sijimali Hills in Odisha to understand the lives of local communities, what is at stake, and why many villagers are resisting a proposed bauxite mine by Vedanta, one of India's largest mining companies. The Sijimali Hills contain vast reserves of bauxite, the raw material used to make aluminium. However, many Adivasi and Dalit residents say the forests are sacred and fear the project could affect their land, water sources, livelihoods, and way of life. The report also examines allegations of human rights abuses and the concerns being raised by local communities. Vedanta told the BBC that the mining project will not impact flowing streams or groundwater and will have only a limited environmental impact. youtu.be/K9RPUxxSfYM?si=siKO…

Concern over ecological damage According to the EIA, the Sijimali bauxite mine is a green field project (a project that is being developed from scratch.) It says the mine will bring jobs and development to the local people, while causing very little environmental damage. But environmental experts disagree. “EIA is done by the mining company itself, so it usually favours the company,” says Samarendra Das. He says these assessments are often based on incomplete data and limited studies. The NLSIU study also found serious gaps in the draft EIA. According to the report, the mine could cause long-lasting and irreversible damage to forests, wildlife, and water sources. Villagers have also raised similar concerns. “In the public hearing, we raised concerns that blasting could disturb the natural springs in the mountains. If those springs dry up, how will we irrigate our fields? What will we eat?” says Naik. “But they dismissed our concerns, saying they were not scientific.” “We know these mountains better than anyone. In Sijimali alone, there are more than 1,000 streams,” says Naik. “Impact assessments in India measure everything through numbers and matrices. But they do not look at how people actually experience their environment. Cultural values, spiritual relationships with land and water, none of this can be captured by a checklist. If a community’s way of life is destroyed, that is also an impact,” says Das. “We saw this in Niyamgiri, where the Dongria Kond’s sacred mountain was protected by the Supreme Court, and it’s said to force a mine here would be cultural genocide,” says Das. “The same is true for Tijimali.” india.mongabay.com/2026/06/a…