Vedanta Resources is a London Stock Exchange (LSE) listed, globally diversified natural resources group with interests in Zinc, Lead, Silver, Copper, Iron Ore, Aluminium, Power and Oil & Gas. We are untiringly committed to sustainable development, supporting local communities and contributing to the economies of our operational area. Our assets and operations are located in high growth markets of world like India, UAE, Zambia, Namibia, South Africa, Liberia, Ireland and Australia.
Our exploration portfolio from all the four continents that we operate in, follows a history of consistent geological discovery. With a business model of growth, constant value creation and improved operations, the company's vision is focussed towards building the wealth of our shareholders and sustainably engaging the community we operate in.
Accountability being a core characteristic of Vedanta's work philosophy, our long term business approach adopts best practices towards fulfilling vital customer needs in a safe and responsible manner.
Our people are dedicated towards constantly reviewing strategic plans to keep in line with the variables of opportunity, innovation and focus. Vedanta's success as a diversified resources major is owing to a constant awareness of the influence we make on the lives of those functioning with us. Be our people and their families or our business partners, we give back to the community that constantly nurtures us through economic and other developments in our host countries.
At the comprehensive level, we do this by employing over 80,000 people directly and indirectly, with the majority hired from the surrounding communities of each of our operations. This is in addition to our contribution to the countries we operate in through the timely payments of our tax obligations. We contributed US$ 4.6 billion to our host governments through direct and indirect taxes and royalties. In addition we have spent US$ 42 million in community investments.
We work towards minimizing the effect of our operations on the environment and to maximise the benefits for the local communities, while respecting their laws and customs. To ensure a long-term future of the Group, we have adopted systematic exploration and resource development practices as we constantly strive to add to our Reserves and Resources.
*as of March 2015
We embed Sustainable development into all aspects of what we do and support communities where we operate to improve their quality of life. About 2.7 million lives in about 550 villages have benefitted from Vedanta’s initiatives which includes sustainable livelihood development, education, women empowerment and healthcare.