Miningmx reports that Chris Griffith has confirmed his resignation from Vedanta, the Indian company where he was appointed about two years ago to lead its base metals division. “I can confirm I have resigned from Vedanta,” he indicated in a WhatsApp message Thursday, but declined to provide details.
Prior to Vedanta, Griffith had been CEO of Gold Fields and Anglo American Platinum. He had also previously been CEO of Kumba Iron Ore. His departure from Vedanta comes amid a report by Viceory Research, which shorted the debt held by Vedanta saying it was “an unappreciated risk”. Sentiment about Vedanta had been weighed down by its debt burden, the result of an acquisition spree that includes stakes in Bharat Aluminium and Hindustan Zinc. Vedanta dismissed the report as “a malicious combination of selective misinformation and baseless allegations,” and said it had not been contacted by the short seller. When he was appointed in September 2023, Griffith was given responsibility over Vedanta’s international zinc business in SA and Namibia, its iron ore business in Liberia, and its copper portfolio, including Konkola Copper Mines (KCM), Zambia, Fujairah, UAE and Sterlite Copper in India.
- Read the full original of the report in the above regard by David McKay at Miningmx
- Read too, Vedanta base metals CEO Chris Griffith quits amid debt, short-seller woes, at Moneyweb
- And also, Chris Griffith on his way out as Vedanta battles Viceroy attack, at News24 Business (subscription / trial registration required)
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