Bauxite Mining Project at Lanjigarh Receives Supreme Court Approval
August 08 2008 - 8:26AM
Business Wire
Sterlite Industries (India) Limited (�Sterlite� or the �Company�)
announces that the Honourable Supreme Court of India today approved
the bauxite mining project at Lanjigarh in the Kalahandi District
of Orissa. The Company is delighted that the project has been given
the go-ahead and is committed to its implementation in accordance
with the guidelines and safeguards laid down. The bauxite mining
project along with the Lanjigarh alumina refinery will bring
significant employment and economic livelihood for the local people
and contribute to the overall development of the region. About
Sterlite Industries Sterlite Industries is India's largest
non-ferrous metals and mining company with interests and operations
in aluminum, copper and zinc and lead. It is a subsidiary of
Vedanta Resources plc, a London-based diversified FTSE 100 metals
and mining group. Sterlite Industries' main operating subsidiaries
are Hindustan Zinc Limited for its zinc and lead operations; Copper
Mines of Tasmania Pty Limited for its copper operations in
Australia; and Bharat Aluminum Company Limited for its aluminum
operations. The company operates its own copper operations in
India. The company has entered the commercial energy generation
business and is in the process of setting up a 2,400MW independent
power plant through its wholly owned subsidiary, Sterlite Energy
Limited. Sterlite Industries is listed on the Bombay Stock Exchange
and National Stock Exchange in India and the New York Stock
Exchange in the United States. For more information, please visit
www.sterlite-industries.com. Disclaimer This press release contains
�forward-looking statements� -- that is, statements related to
future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance, and often contain words such as �expects,�
�anticipates,� �intends,� �plans,� �believes,� �seeks,� �should� or
�will.� Forward�looking statements by their nature address matters
that are, to different degrees, uncertain. For us, uncertainties
arise from the behaviour of financial and metals markets including
the London Metal Exchange, fluctuations in interest and or exchange
rates and metal prices; from future integration of acquired
businesses; and from numerous other matters of national, regional
and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may
cause our actual future results to be materially different that
those expressed in our forward-looking statements. We do not
undertake to update our forward-looking statements.
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