Headquarters
    UK
    Stock Exchange Listings
    Not listed
    Workforce
    Employees: 24,630 (31/12/2018)
    Contract workers: 53,608 (31/12/2018)
    Total: 78,238 (31/12/2018)
    Geographic Footprint
    Producing countries: 4
    Known tax jurisdictions: 19
    Revenues (in BUSD)
    Total Revenue: 14.031 (31/12/2018)
    Net Income: 0.424 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 8
    • Employees: Not reported
    • Contract workers: Not reported
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 14
    • Employees: 2
    • Contract workers: 12
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    While absolute results remain low overall, Vedanta Resources shows one of the five stronger results in Working Conditions, in part due to its comprehensive disclosure of the incidence of fatalities and serious injuries, for both employees and contract workers, and safety incidents.

    Vedanta Resources ranks 11th among the 38 companies on its mine-site-level results, though with an average score of only 17% in the mine-site assessment.

    In other areas of the company-wide assessment, Vedanta Resources’ results stem largely from its commitments (to prevent bribery and corruption, respect human rights, and manage its environmental impacts systematically), as well as its disclosure of information on the location and safety of its tailings storage facilities.

    As an example of Vedanta Resources’ continuous improvement efforts since the RMI Report 2018, the company has disclosed more information relating to its performance on improving its gender balance at board and senior management levels.

    However, in one thematic area (Community Wellbeing), Vedanta Resources’ results are below the average achieved across all 38 companies and more generally, the company’s overall results are limited by a lack of evidence of action on a number of issues. For example, the company shows no evidence of tracking the effectiveness of its community and worker grievance mechanisms, ensuring its operations assess and address their impacts on land use and land access by affected communities, and plan for the management of post-closure transition for communities.

    Moreover, Vedanta Resources’ results in the mine-site assessment are very variable. While one of its five assessed mine sites shows one of the six stronger results among the 180 sites assessed (with its score of 37%), the results of two of the company’s other assessed mine sites are markedly weaker. Neither of these mine sites show any relevant evidence on eight of the ten issues covered: local procurement, post-closure planning, community grievances, air quality, water quality and quantity, and emergency preparedness.

    Overall results

    Economic Development

    1.58 / 6.002020
    1.40 / 6.002018

    Business Conduct

    2.55 / 6.002020
    2.34 / 6.002018

    Lifecycle Management

    1.14 / 6.002020
    1.13 / 6.002018

    Community Wellbeing

    0.78 / 6.002020
    0.59 / 6.002018

    Working Conditions

    2.56 / 6.002020
    1.39 / 6.002018

    Environmental Responsibility

    1.75 / 6.002020
    1.50 / 6.002018

    Average Mine-Site Score

    17.4%2020
    2020
    1.58
    score / 6
    2018
    1.40
    score / 6

    Economic Development

    2020
    2.55
    score / 6
    2018
    2.34
    score / 6

    Business Conduct

    2020
    1.14
    score / 6
    2018
    1.13
    score / 6

    Lifecycle Management

    2020
    0.78
    score / 6
    2018
    0.59
    score / 6

    Community Wellbeing

    2020
    2.56
    score / 6
    2018
    1.39
    score / 6

    Working Conditions

    2020
    1.75
    score / 6
    2018
    1.50
    score / 6

    Environmental Responsibility

    2020
    17.4
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Black MountainBodai DaldaliSindesar KhurSkorpionZawar
    Local Employment
    (score /3)
    0.52.00.50.00.0
    Local Procurement
    (score /3)
    0.01.50.00.00.0
    Post-Closure Plans
    (score /3)
    0.00.00.50.00.0
    Community Grievances
    (score /3)
    0.01.50.00.00.0
    Worker Grievances
    (score /3)
    0.52.00.50.50.5
    Air Quality
    (score /3)
    0.01.51.50.01.5
    Water Quality
    (score /3)
    0.01.01.50.01.5
    Water Quantity
    (score /3)
    0.00.51.00.01.0
    Tailings Management
    (score /3)
    1.01.0-1.01.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.0
    Mine-site Score
    (%)
    6.736.720.45.018.3

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    A. NarrainKarnataka MineIndia100Iron OreOpen-pit
    Black MountainAggeneys, BMM, Deeps, Swartberg, VZISouth Africa37.19Copper, Zinc, Lead, SilverUnderground
    Bodai DaldaliKawardha, BALCOIndia25.63BauxiteOpen-pit
    ChotiaBALCOIndia25.63CoalOpen-pit
    GamsbergBMM, VZISouth Africa37.19ZincOpen-pit
    KayadHZL (Hindustan Zinc Limited)India32.62Zinc, LeadUnderground
    KonkolaChililabombwe, KCMZambia79.42Copper, CobaltUnderground
    MainpatBALCOIndia25.63BauxiteOpen-pit
    MatonMatoon, HZL (Hindustan Zinc Limited)India32.62Phosphate RockOpen-pit
    NampundweKCMZambia79.42PyriteUnderground
    NchangaChingola, KCMZambia79.42Copper, CobaltOpen-pit, Underground, Tailings Leach
    Rajpura DaribaHZL (Hindustan Zinc Limited)India32.62Zinc, LeadUnderground
    Rampur AguchaHZL (Hindustan Zinc Limited)India32.62Zinc, LeadOpen-pit, Underground
    Sindesar KhurHZL (Hindustan Zinc Limited)India32.62Zinc, LeadUnderground
    SkorpionVZI, Pit 112Namibia50.25ZincOpen-pit
    ZawarHZL (Hindustan Zinc Limited), Mochia, Balaria, Zawar Mala, BaroiIndia32.62Zinc, LeadUnderground

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    BicholimSanquelimIndia50.25Iron OreOpen-pit2018
    CodliGoa Mine, Gauthona DusrifalIndia50.25Iron OreOpen-pit2018
    Highway Reward-Australia50.25CopperUnderground2005
    LisheenVZIIreland50.25Zinc, LeadUnderground2016
    Mount Lyell-Australia50.25Copper, Gold, SilverUnderground2014
    SonshiGoa MineIndia100Iron OreOpen-pit2018
    Surla-India50.25Iron OreOpen-pit2018

    Shareholders (known)

    As of: 31/03/2019Shares (%)
    Agarwal (Anil Kumar)88.59%
    Falk (Viktor)2.93%
    Aberdeen Standard Investments (Edinburgh)2.42%
    Barclays Wealth2.20%
    BlackRock Investment Management (UK) Ltd.1.95%
    Société Générale Securities Services S.A.1.69%
    LMR Partners LLP1.18%
    Water Island Capital, LLC0.98%
    Capital Research Global Investors0.95%
    Horseman Capital Management Limited0.95%
    Legal & General Investment Management Ltd.0.67%
    Schroder Investment Management Ltd. (SIM)0.66%
    Mellon Investments Corporation0.65%
    Gorey Investments, Ltd.0.60%
    BlackRock Institutional Trust Company, N.A.0.53%

    Beneficial Owners (known)

    As of: 31/03/2019Shares (%)
    Anil Agarwal88.59
    Viktor Falk2.93
    Tarun Jain0.07

    Subsidiaries (known)

    As of: 31/03/2018Country
    Amica Guesthouse (Proprietary) LimitedNamibia
    Avanstrate (Japan) Inc. (‘ASI’)Japan
    Avanstrate KoreaSouth Korea
    Avanstrate TaiwanTaiwan
    Bharat Aluminium Company Limited (“BALCO”)India
    Black Mountain Mining (Proprietary) LimitedSouth Africa
    Bloom Fountain Limited (‘BFL’)Mauritius
    Cairn Energy Discovery LimitedUK
    Cairn Energy Gujarat Block 1 LimitedUK
    Cairn Energy Hydrocarbons LimitedUK
    Cairn Energy India Pty LimitedAustralia
    Cairn Exploration (No. 2) LimitedUK
    Cairn India Holdings LimitedJersey
    Cairn Lanka Private LimitedSri Lanka
    Cairn South Africa (Pty) LimitedSouth Africa

    Tax Jurisdictions (known)

    Australia

    Curaçao

    Cyprus

    India

    Ireland

    Japan

    Jersey

    Liberia

    Mauritius

    Namibia

    Netherlands

    South Africa

    South Korea

    Sri Lanka

    Taiwan

    UAE

    UK

    USA

    Zambia

    Investor / State Disputes
    (since 2014)

    Case DateCase numberCase descriptionStatus
    2016unknownVedanta Resources plc vs. India (Tax on Oil & Gas activities)Pending