Tag Archives: AGM

India, Zambia, London protest Vedanta’s AGM

Vedanta AGM 20165th August 2016  Protests have been held in India and Zambia in parallel with today’s AGM of British mining company Vedanta Resources’ at Ironmongers Hall, Barbican, London. Inside the AGM dissident shareholders asked incisive questions submitted by Zambian villagers who are suing Vedanta in the UK for twelve years of polluted water, as well as displaced farmers who were never compensated for their land in Lanjigarh, Odisha, India and accuse Vedanta of murdering and harassing them with state collusion. A loud protest organised by Foil Vedanta took place outside the meeting, demanding that Vedanta subsidiary Konkola Copper Mines publish its hitherto secret annual accounts in Zambia, and accusing the company of pollution, human rights abuses and financial mismanagement in India and Afrika.

See the video of the London demo here… and of the Delhi demo here.

Please see a full report on proceedings inside the AGM bu London Mining Network entitled ‘Vedanta’s 2016 AGM: evidence, evasion and arguments‘.

and coverage in The Mining Journal,  the New International, and Reuters.

At Vedanta’s London AGM activists from Foil Vedanta interrupted the meeting asking incisive questions to the Vedanta board and gathered shareholders on behalf of the Zambian Copperbelt villagers living downstream of Vedanta’s Konkola Copper Mines (KCM), who are demanding an end to twelve years of pollution by KCM, which has turned the Kafue into a ‘river of acid‘ and left them with no access to clean water. They asked why KCM has never submitted annual accounts in Zambia in accordance with national laws, and whether Vedanta’s deliberately obstructive approach to compensation cases as revealed in a recent London judgement was company policy.

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Global Day of Action against Vedanta – 5th August

FV AGM flyer 2016The time has come around again for our annual Global Day of Action against Vedanta at their AGM. As usual we will bring the defiant energy of communities fighting (and winning) against Vedanta around the world to London! From pollution affected communities of Zambia who won their 9 years battle in their Supreme Court, and now won the right to have their case heard in Britain, to the indigenous Dongria Kond who are now demanding the dismantling of their refinery in Lanjigarh after winning their case in the Supreme Court of India (see below for more).

Parallel demonstrations are already planned in Zambia and India on the 4th August for this Global Day of Action and questions raised by the communities will be asked inside the AGM meeting.

JOIN US OUTSIDE VEDANTA’S LONDON AGM WHILE COMMUNITIES PROTEST ACROSS AFRIKA AND INDIA

CELEBRATE THE VICTORIES WON THIS YEAR AT NIYAMGIRI AND ZAMBIA!
Bring drums, placards and loud voices.

Friday 5TH AUGUST 2016, 2 – 4pm. 
Ironmongers Hall, Barbican, EC2Y 8AA

LOOTER! POLLUTER! CRIMINAL!

Please join our Facebook event page if you can come to London on 5th August.
If you would like to plan a demonstration or organise any event in solidarity with any Vedanta affected community, in any part of the world please get in touch.

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Eight global demos against Vedanta in Afrika, India and London

Foil Vedanta AGM 2015 protest3rd August Seven global locations in India and Africa held angry protests today and over the weekend opposing the activities of British-Indian mining company Vedanta while Vedanta’s AGM at Ironmongers Hall, Barbican, London was mobbed by a loud rally organised by Foil Vedanta, accusing the company of pollution, human rights abuses and financial mismanagement. In London a comical staged boxing match between Vedanta’s 69.6% owner and Chairman Anil Agarwal and new CEO Tom Albanese, revealed the company’s debt problems and internal dynamics while protesters chanted ‘Corporate criminal, shame on you!’ and drummed loudly. Vedanta’s share price has slipped 61% this year to 377p, and continues to dive as Q1 results show increased debt, and Cairn India minority shareholders oppose their attempt to merge with the oil and gas subsidiary to gain access to its $2.6 billion cash reserves for debt servicing.

See the film of London protests and more pics at Demotix..and here and here.

See coverage in the Economic Times of India, the Hindu Business Line, the New International , Odisha Channel , Odisha Sun Times and the Lusaka Times.

See an account of the AGM shareholders meeting here.

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Global days of action against Vedanta’s 2015 AGM

AGM 2015 flyer excerpt Join us for the 11th annual Global Days of Action against Vedanta Resources and its subsidiaries.

On Monday the 3rd of August we will hold a loud and colourful demonstration outside Vedanta’s Annual General Meeting in London in solidarity with the many communities suffering pollution, illness, oppression, displacement and poverty as a result of Vedanta’s operations.

In the days leading up to this event communities suffering from Vedanta’s operations across India and Afrika will hold rallies and meetings as part of the Global Days of Action against Vedanta. News of these protests will be spread via press and social media and shared between affected communities who are joined in this global movement opposing this careless corporate, and all profit-driven corporates colonising and polluting our planet.

Join us in London with drums and placards on Monday 3rd of August, 2pm at Ironmongers Hall, Barbican, EC2Y 8AA.

Download the AGM 2015 flyer here.

Anil Agarwal anonymous in New York

Anil Agarwal NYT7th February 2015  The New York Times has published an exposé of Vedanta boss Anil Agarwal as part of a series on the people behind shell companies buying up New York real Estate, entitled ‘Towers of Secrecy’ by Louise Story and Stephanie Saul. The section on Vedanta is copied below and the full article is highly recommended.

Like most Time Warner owners, Anil Agarwal, an Indian mining magnate, is anonymous in New York. While interviews and private documents reviewed by The Times confirm he is behind condos purchased by the Amantea Corporation for $9.1 million in 2004, his name appears nowhere on public records. The deeds for Amantea’s Time Warner condos — one on the “maids floor” and another with sweeping views of Central Park — are signed by a New York lawyer named Constance Cranch. When contacted, she said: “You cannot say anything with respect to me. It’s a client of mine’s apartment, and I pay their bills.”

For all the secrecy at Time Warner, Mr. Agarwal is hardly private about his wealth. He spends much of his time in London and told a newspaper in 2005: “I have to have a Bentley, the best of chauffeurs and butlers.”

But Mr. Agarwal and his company, Vedanta Resources, are known in some parts of the world for having left financial and environmental problems in their wake.

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