Church of England disinvests from mining company over ethical concerns

by Charlie Boyd
Monday, February 8, 2010

The Church of England has sold shares in Vedanta Resources over concerns about the mining company’s approach to human rights and local communities.

The decision to sell £3.8 million in shares came at the recommendation of the Church’s Ethical Investment Advisory Group (EIAG) following a six-month dialogue with the company.

The Church expressed particular concern over Vedanta’s alumina refinery in Orissa, India, and a planned bauxite mine in the nearby Niyamgiri hills. the rest