A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.
Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.
As follow-up to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste at Grasberg.