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RPT-UPDATE 3-Indian court bars Vedanta from mining bauxite

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REUTERS
About 2 pages (663 words)

Reuters North American News Service, November 23rd, 2007

(Adds Vedanta reaction, new quote from court)

NEW DELHI, Nov 23 (Reuters) - India's Supreme Court barred Britain's Vedanta Resources Plc on Friday from mining bauxite in sacred, forested hills in the east of the country where tribal people and voluntary groups strongly oppose it.

But it left a window ajar for the project by asking Vedanta's Indian unit, Sterlite Industries <STRL.BO>, to come back with a fresh proposal on safeguarding the rights of local tribal people through a new investment firm.

"Adherence to sustainable development is a constitutional requirement," a three-judge bench said in its order.

While the country needed to focus on its present development needs, it had to be done "without compromising the needs of future generations", the court said.

"We are not against the project in principle," it said. "We cannot risk handing over this important national asset to a company unless we are satisfied about its credibility."

Vedanta <VED.L> wants to dig open-cast mines in the Niyamgiri hills in Orissa state to feed an alumina refinery it has already built in the area, as part of an $800 million project expected initially to produce 1 million tonnes of alumina per year.

Thousands of tribal people say the mine will destroy hills they consider sacred, force them from their homes and destroy their livelihoods, which are based on farming millet, hunting and collecting fruits and spices from the forests.

Environmentalists say the open-cast mine would also wreck the rich biodiversity of the remote hills and disrupt key water sources that supply springs and streams in the area and feed two rivers that irrigate large areas of farmland.

Vedanta said the court had "given certain directions" on how the mining project could be pursued and it would follow the terms set by the court.

"We are committed to the cause of bringing social upliftment through responsible industrialisation and creating employment opportunities in the state of Orissa," the company said in a statement.

CAMPAIGNERS CAUTIOUS

Last month, the court set new conditions for Vedanta and Sterlite before allowing them to mine in the region.

The conditions included paying 5 percent of its annual profits from mining throughout India to the state government to be ploughed into developing the region.

It was also asked to deposit 500 million rupees ($12.65 million) with the state government, and specify how many local people would be employed in the project.

Sterlite returned to the court saying those conditions were acceptable.

But on Friday, the court said that from the various legal documents it had received from the two firms, Sterlite seemed to be an associate company of Vedanta and not a subsidiary.

It also said the new firm Sterlite needed to float would have to make fresh financial commitments to ensure the development of tribal people and submit an account of its expenses to the court, among other terms.

The state and central government both back the mining plan, as part of efforts to industrialise and exploit the mineral resources of underdeveloped eastern India.

The court order drew mixed reactions from those opposed to Vedanta, the latest in a series of controversial industrial projects across India that have symbolised the conflict between development and the rights of local people.

Jubilant tribal people, armed with bows and arrows, rushed out of their houses in Orissa's Niyamgiri hills as reports of the order reached the region.

"The people of Kalahandi and tribals of Dongria Kondh community salute the verdict of the court," said Bhakta Charan Das, a former MP who is spearheading the anti-Vedanta campaign. "The apex court has come to the rescue of the people."

Voluntary groups that supported the campaign were, however, cautious.

"We are very apprehensive of this special purpose vehicle," said Babu Mathew, country director of ActionAid India, referring to the court's idea of a new firm for the project.

"There have been too many such arrangements that have failed in the past," he said. (Writing by Y.P. Rajesh; editing by Alistair Scrutton)

Copyrights
REUTERS. RPT-UPDATE 3-Indian court bars Vedanta from mining bauxite. Copyright 2007  Reuters North American News Service.

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