Barely two weeks after announcing what it called a mega-restructuring plan, London-listed Vedanta Resources, India's largest diversified mining group, has scrapped the proposal.

The company cited the global financial turmoil and shareholders' objections as reasons for the sudden change of plan.

Visakhapatnam, Sept. 22: More than 30 years after they were first discovered, the rich bauxite deposits in Vizag Agency tracts continue to cause controversy. Though the previous Telugu Desam government signed two MoUs for mining bauxite, they did not take off.

R Krishna Das / Raipur September 22, 2008, 0:46 IST

The Chhattisgarh government is planning to put on hold allotment of Kawardha iron ore mines till the Assembly elections, which are slated for November this year.

JOWAI: People of Narpuh Elaka have welcomed the setting up of a Rs 360-crore cement plant - the Hills Cements Co Limited (HCCL) -- at Mynkre village in Jaintia Hills, under Khliehriat Sub-Division, ov

Bs Reporter / Mumbai September 19, 2008, 0:04 IST

Bs Reporter / Kolkata September 17, 2008, 1:03 IST

The Liberian government has decided to disqualify Tata Steel from a relaunched bid for the $1.5-billion Western Cluster Iron Ore Deposits on grounds of

KOLKATA: Maithan Alloys, a company engaged in manganese and ferro alloy mining and exports, is planning to invest Rs. 275 crore in setting up a 1.2 lakh tonne capacity ferro alloy unit in Andhra Pradesh.

Subhas Chandra Agarwalla, Managing Director, said at a press conference here on Wednesday that the project would be completed by 2011. The financial closure is expected by March 2009.

UNLOCKING VALUE: Anil Agarwal (left), Chairman, with Kuldip Kumar Kaura, Managing Director and CEO, Vedanta Resources, addressing a press conference in Mumbai on Tuesday.

MUMBAI: Vedanta Resources on Tuesday announced a restructuring exercise to simplify its corporate structure and eliminate cross holdings among group businesses. It will organise the group corporate structure into three commodity focussed verticals

NEW DELHI: The first lignite mine-cum-thermal power with 2.1-million tonne capacity at Barsingsar in Bikaner, Rajasthan, has taken off on Monday.

Bs Reporter / Mumbai September 10, 2008, 1:08 IST

Vedanta Resources said it is planning to ramp up iron ore mining capacity eight-fold to 100 million tonnes in five years, Chairman Anil Agarwal said on Tuesday.