Indian activists' rising clout: U.K. company's plan for mine is threatened by environmentalist ire

Article Abstract:

U.K. mining company Vedanta Alumina Ltd. is awaiting a ruling by India's Supreme Court as to whether the firm has a right to mine for bauxite in a sacred tribal forest located in the Niyamgiri hills. The mining operation is a segment of an $800 mil project that includes a power plant. Opponents of the plan state that Vedanta did not disclose that it intended to use the land as part of its project and did not obtain approval from India's Ministry of Environment and Forests.

India, Mining & Extractive Industries, Mining, Metal ores, not elsewhere classified, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Bauxite, United Kingdom, Mining industry, Environmental aspects, Mineral industry, India. Supreme Court, Vedanta Resources PLC

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Apollo may top Bain in bidding for Cendant unit

Article Abstract:

Apollo Advisors L.P. of the United States is the frontrunner over Bain Capital L.L.C. of the United States in the bid for the Cendant Corp. marketing services division. Both bids are higher than the $2 billion originally expected for the acquisition.

Acquisitions & mergers, Forecasts, trends, outlooks, Mergers, acquisitions and divestments, Forecasts and trends, Company acquisition/merger, Acquisitions and mergers, Market trend/market analysis, CD, Avis Budget Group Inc., Apollo Advisors L.P.

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Judge's ruling in LTCM case may resonate

Article Abstract:

The now-defunct hedge fund Long-Term Capital Management was denied an attempt to reclaim $40 million in taxes. Judge Janet Bond Arterton believed that LTCM' tax shelters lack the business purpose that would have made them legal.

Taxes, Taxation, Long-Term Capital Management L.P.

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