The company said that it would buy back all preference shares from its Black economic empowerment vehicle, Zambezi Platinum, four years ahead of its 10-year maturation date.
Police opened fire to beat back the protesters in the southern seaside town of Thoothukudi where 13 people were killed, causing national outrage and the subsequent closure of the Sterlite Copper plant.
The appeals court upheld Florence Copper's right to mine its property within the town, and confirmed the awarding of $1.7 million in legal fees and costs to Florence Copper.