UK Opposition wants Vedanta delisted from London Stock Exchange
Updated : May 28, 2018 12:14 AM IST
John McDonnell, the UK's Shadow Chancellor, said removing Vedanta Resources from the London financial markets would prevent reputational damage from the "rogue" company which has been operating "illegal" mining concerns for years.
Violent protests had erupted in Tuticorin on Tuesday as locals took to the streets demanding closure of a copper factory of the Vedanta group over pollution concerns.
Vedanta Resources' subsidiary Sterlite Copper has begun construction of a new 4-million tonne/year smelter on the edge of the town of Tuticorin, almost doubling their capacity, but residents argue the existing smelter has continuously polluted their water and air since it was established in 1996.
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