India court allows Vedanta to reopen controversial plant

The plant was shuttered by the state government in the aftermath of a shooting that killed 13 people. (File/Reuters)
Updated 16 December 2018
0

India court allows Vedanta to reopen controversial plant

  • The city of Thoothukudi had been rocked by long-running protests over the plant
  • Protesters say it harms the environment and the health of those living near it, claims the company has long denied

NEW DELHI: An Indian copper smelter at the centre of a police shooting that left 13 protesters dead has been granted permission to reopen by the country's environmental court.
The Sterlite plant, owned by British mining giant Vedanta Resources, was closed after the bloody police crackdown in May on protesters who say the smelter is poisoning the air and water.
Vedanta Resources, owned by Indian-born billionaire tycoon Anil Agarwal, had appealed against the plant's closure by the state government of Tamil Nadu where it is located.
The National Green Tribunal, a federal authority which rules on environmental matters, ordered Saturday that the plant in Thoothukudi city could resume operation.
Sterlite CEO P. Ramnath on Sunday welcomed the decision.
"We are happy that all those affected by the closure will get back their source of livelihood and the town of Thoothukudi will revert to normalcy," he said in a statement on Twitter.
The Tamil Nadu state government has said it will appeal the decision in India's highest court.
The city of Thoothukudi, previously known as Tuticorin, had been rocked by long-running protests over the plant, one of the largest in India.
Protesters say it harms the environment and the health of those living near it, claims the company has long denied.
The demonstrations intensified in May after Vedanta sought to double the annual capacity of the plant.
On May 22, police opened fire on thousands of protesters, killing 13 people.
The plant was shuttered by the state government in the aftermath of the shooting.
The company denies all charges and maintains that it adheres to the best environmental standards.
The federal green court ordered Vedanta to spend one billion rupees ($13.9 million) over three years to assist local communities.
But it criticised the pollution regulators in Tamil Nadu, saying they stalled the case by tying up the company in paperwork.


UK jobs growth surges as labor market defies Brexit nerves

The number of people in work surged by 222,000, helping to push down the unemployment rate to 3.9 percent. (Reuters)
Updated 25 min 22 sec ago
0

UK jobs growth surges as labor market defies Brexit nerves

  • With the terms of Britain’s exit from the EU still unclear, many businesses have cut long-term investment in equipment
  • The strength of the labor market is pushing up wages more quickly

LONDON: British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country’s labor market defied the broader weakness in the overall economy as Brexit approached.
The number of people in work surged by 222,000, helping to push down the unemployment rate to 3.9 percent, its lowest since the start of 1975, official data showed.
A Reuters poll of economists had pointed to a rise in employment of 120,000.
With the terms of Britain’s exit from the European Union still unclear, many businesses have cut long-term investment in equipment, potentially making them more likely to hire workers who can be sacked if the economy sours.
The strength of the labor market is pushing up wages more quickly.
Total earnings, including bonuses, rose by an annual 3.4 percent in the three months to January, the Office for National Statistics said, stronger than a median forecast of 3.2 percent in the Reuters poll.
Wage growth for the three months to December was revised up slightly to 3.5 percent, its highest since mid-2008.
Average weekly earnings, excluding bonuses, also rose by 3.4 percent on the year, in line with the Reuters poll.