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Vedanta shares slide as protest groups descend on AGM

Campaigners at Amnesty International and Survival accuse group of "poor human rights" record

Source:  Copyright 2012, Guardian
Date:  August 28, 2012
Original URL: Status ONLINE


Shares in controversial miner Vedanta Resources are continuing their recent slump with the stock among the day's worst performers as shareholders prepare for yet another turbulent annual shareholder meeting this afternoon.

The group's shares are trading down 20.5p at 904.4p - meaning they have lost around 8% in a week - as campaign groups ranging from Amnesty International, Survival International, London Mining Network and Foil Vedanta prepare to stage a series of protests in front of the group's shareholders. The demonstrations come as the company plans to put its side of the argument by presenting its "sustainability credentials" to investors, the first time it will have made such a move at an annual meeting.

However, Amnesty International has accused Vedanta of attempting to "gloss over" criticisms of "its poor human rights record" in the East Indian state of Orissa by publishing a "meaningless and hollow report that puts forward the company's own ...

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