Vedanta hit by AGM protests

Marion Dakers
VEDANTA shareholders approved all resolutions at yesterday’s annual meeting, despite angry protests about the mining group’s human rights record.

Campaign groups including Amnesty International threw red paint and waved banners outside the meeting in central London, angry at the London-listed firm’s treatment of workers in Orissa, India. The firm reported 22 fatalies across its global operations last year.

Chairman Anil Agarwal told shareholders that “sustainable development remains at [our] core”.

More than 12 per cent of Vedanta’s investors voted against the directors’ remuneration report, on a turnout of just under 80 per cent, while 16.1 per cent voted down the employee share ownership plan.