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9/8/15

Vedanta (VEDL) (VED.L) and its rivers of acid in Zambia

UK mining company Vedanta Resources (VEDL) (VED.L) makes it to the pages of the BBC today. But not exactly in the way it'd most appreciate. Your juicy excerpt is this:

When I visited, I could smell and even taste the pollution.
The communities of Hippo Pool, Kakosa, Shimulala and Hellen say the Mushishima stream and the Kafue have become rivers of acid.
Hundreds of villagers who claim copper mining operations in the area have poisoned their water source and destroyed farmland are taking Zambia's biggest copper mine, Vedanta Resources Plc, to court.
Leaked documents, that the BBC has seen, appear to show that Vedanta Resources - through its Zambian based Konkola Copper Mines (KCM) - have been spilling sulphuric acid and other toxic chemicals into the water sources.
A whistle-blower, who worked for 15 years with KCM, alleges that since Vedanta bought the mine in 2004, corners have been cut to save the costs of running operations.

Whole thing here. Ah yeah, tell me again about all you bigboy responsible mining companies that don't need to be watched like hawks these days because everything you do is done with love and everybody wins. My thanks to reader 'B' for the headsup.