Rights activists on Monday held a silent protest outside the headquarters of the Financial Services Authority (FSA), Britain’s financial regulator, to press their demand for delisting the mining group Vedanta Resources from the London Stock Exchange on grounds of “poor governance” and human rights record.
In a statement, the campaign group “Foil Vedanta” which had organised the protest that it also submitted “key” documents to an FSA representative in support of their demand.
“The documents included the Norwegian Ethics Council's damning report on Vedanta, and a report by the London Mining Network calling for stricter regulation of nominally London listed mining companies like Vedanta. They also drew attention to Vedanta’s violations of the UN Declaration on the Rights of Indigenous Peoples at the proposed Niyamgiri mine,” the statement said.
The company is embroiled in a controversy over its plans to mine tribal land in Orissa regarded sacred by the local Dongria Kondh tribe.
