For Tom Albanese, the new chief executive of diversified British-Indian resources major Vedanta, health and safety is non-negotiable
Vedanta Resources is no mining minnow. Listed on the London Stock Exchange, it is a global, diversified company with operations in India, Sri Lanka, Zambia, Namibia, South Africa, Liberia, Ireland and Australia, with interests in zinc, lead, silver, copper, iron ore, aluminium, power, oil and gas. As the world’s largest integrated zinc-lead producer, it boasts among its key assets the world’s largest zinc-lead mine, Rampura Agucha. It is also the largest private sector producer of iron ore in India, and owner of the fastest growing energy company in the world – Cairn India.
All this puts Vedanta in a prime position to benefit from booming demand in Asia’s third largest economy: in the first quarter of 2014 alone, according to the Financial Times, India’s GDP expanded by almost 6%. And it is this growing market demand for Vedanta’s products that frames the view of Tom Albanese, incoming chief executive of Vedanta and its India-focused subsidiary Sesa Sterlite, when it comes to the company’s corporate social responsibility (CSR) challenges.
“There is strong, long-term, enduring demand for what we produce,” Albanese says.
“My long-term vision for Vedanta is to be seen as a leading supplier of natural resources and meet higher levels of...