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Vedanta Resources Plc Hosts First Sustainable Development Day

Jul 02, 2015   17:40 IST 
Mumbai, Maharashtra, India; London, England, United Kingdom

Vedanta Resources Plc (“Vedanta”, together with its subsidiaries) hosted its first Sustainable Development Day in London on 1 July 2015.

 

As part of Vedanta’s ongoing commitment to safety and sustainability as a key business imperative, this event was hosted for analysts and investors, to explain how Vedanta is embedding sustainability across its operations, and to provide an update on progress in the past year.

 

The event was launched by Ms Roma Balwani, Vedanta’s Sustainability, CSR and Communications President. The launch was followed by a presentation from Euan Macdonald, Chairman of Vedanta’s Sustainability Committee and Non-Executive Director. Tom Albanese, Chief Executive Officer, Vedanta, spoke about how Vedanta is putting its sustainable development model into practice. The day also included case studies on sustainable development initiatives at Vedanta’s operations:

 

  • Abhijit Pati, CEO of Vedanta’s Aluminium Business, explained how his division is partnering with communities, local government and NGOs to benefit the societies in Odisha, which has the richest mineral resources of any state in India.

  • Deshnee Naidoo, CEO of Zinc International, talked about the action taken to protect regional biodiversity during the development of the Gamsberg Project in South Africa, and the best practice mine closure at Lisheen in Ireland.

  • Steven Din, CEO of Konkola Copper Mines, discussed the much improved relationship with the Government of Zambia which has resulted from continual engagement, and an important educational programme to reduce the prevalence of HIV/AIDs in communities and the workplace.

 

Tom Albanese, Chief Executive Officer, Vedanta Resources Plc, commented: “Our approach to achieving long-term business goals places utmost importance on sustainable development. We are committed to safeguarding the welfare of our people and continue to engage with our host communities to ensure that they share in the value we create. Maintaining our ‘Licence to Operate’ by ensuring sustainable practices across the entire Group remains our key priority. I believe we have made solid progress over the past year and I am confident we will continue to see tangible, positive results from our social and environmental initiatives.”

 

During the course of the event, Vedanta’s 2014 -2015 Sustainability Report was unveiled and is now available in the Sustainability section of the website: http://sustainabledevelopment.vedantaresources.com/sustainable-development.html.

 

About Vedanta Resources

Vedanta Resources Plc (“Vedanta”) is a London-listed diversified global natural resources company. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit www.vedantaresources.com.

Disclaimer

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.


 
 
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