3rd 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.
26th January 2015. Just five days before January’s Sri Lankan Presidential elections former Minister of Power and Energy Champika Ranawaka dropped a bombshell, accusing Mahinda Rajapaska’s government of failing to collect $7 billion in inflated share value from Cairn Energy – the first oil company to discover gas in the Mannar basin. His firey argument (aimed at shaming the then incumbent President) was that mineral exploration rights had been sold to British oil company Cairn Energy for a song following meetings between Rajapaksa and British Prime Minister Tony Blair (who was a school friend of Cairn Energy boss Bill Gammell) in 2006. In 2011, after gas was discovered in their Mannar block – SL 2007-01-001, the value of shares skyrocketed and Cairn Energy sold them on at a highly inflated value to Vedanta Resources, a British-Indian company, who bought Cairn Energy’s South Asian oil and gas subsidiary Cairn India, assisted by the British Prime Minister David Cameron.
August 1st 2014. Protesters from Foil Vedanta, MPs and other organizations today held a loud and colourful demonstration at the AGM of controversial FTSE 250 mining company Vedanta at the Lincoln Centre, Lincoln Inn Fields, London. On 31st August parallel demos were held in Odisha, Delhi and Johannesburg. 400 miners protested Vedanta’s Konkola Copper Mines in Ndola, Zambia. In Odisha, India, a consultation on the proposed six fold expansion of the Lanjigarh refinery on 30th July met with major opposition after Vedanta lost permission to mine the Niyamgiri Hills this year. Meanwhile, Vedanta are accused of tax evasion and mismanagement at their Konkola Copper Mines subsidiary in Zambia after investigations revealed they may be externalising up to $500 million per year in profits.
60 people railed against Vedanta’s London AGM today, representing a variety of organisations including diaspora from Zambia, Goa, Tamil Eelam and Odisha where Vedanta is currently embroiled in scandals and accused of major illegalities. Tamil Parai drummers kept up a loud rhythm throughout the demo. Shortly before the AGM started at 3pm a huge banner was unfurled from the top of the next door building saying ‘Vedanta out of London’ eliciting cheers from the crowd. The protesters were joined by a 6m inflatable blade of grass referring to Anil Agarwal’s repeated claim at previous AGMs that Vedanta ‘have not touched a single blade of grass’ at the Niyamgiri Hills. Company executives were hassled as they entered the AGM.
A full account of the questions asked inside the AGM, and Vedanta’s responses can be found at London Mining Network’s website here.
Coverage by: Economic Times, Activists protest at Vedanta’s AGM over alleged illegalities
The Ecologist, India: Foil Vedanta protests erupt in Delhi
Odisha Sun Times, Foil Vedanta stage protest in London; decries company’s move in Odisha.
The Statesman, Protesters target Vedanta, Govt.
Speakers from Foil Vedanta and London Mining Network yesterday presented evidence in the House of Commons on the criminal behaviour of some London Listed mining companies, and called for better accountability measures and the de-listing of criminal companies. Focusing on contentious UK miner Vedanta Resources, they exposed new evidence of tax evasion, illegal land grabs, displacement, major pollution and water poisoning, as well as the UK’s role in promoting and protecting the company, and called for its immediate investigation and potential de-listing in London.
In a packed meeting hosted by John McDonnell MP in the House of Commons speakers told MPs, journalists, diplomats and members of the public attending that high risk mining companies like ‘the world’s most hated company’ Vedanta Resources are bringing shame on the London Stock Exchange, and demanded better accountability measures and the de-listing of criminal companies. MPs attending were Jeremy Corbyn, Eric Joyce and John McDonnell.
21st January 2014. In December Foil Vedanta activists made a trip to Zambia to investigate the operations of Vedanta subsidiary Konkola Copper Mines (KCM), Zambia’s biggest copper miner, and to make links with grassroots movements, academics, journalists and those in the political system who may be questioning the unjust terms of copper mining in their country.
We were shocked to discover the environmental and social devastation wrought by Vedanta’s operations, and the lack of information held by policy makers and regulators in Zambia on this multinational as well as on wider issues with copper market manipulations, material flows and the real interests controlling their country. This report is a comprehensive account of the origins of, and interests behind the rapid loot of Zambia’s copper resources which is currently taking place.
The Mine Workers Union of Zambia have now launched a full investigation into the evidence in the report, and Vedanta Executive Tom Albanese has been flown out to Zambia to refute the evidence we have published.
Download the report here, or read the full (35 page) report online below.
To download the report click here: Copper Colonialism: British Miner Vedanta KCM and the copper loot of Zambia
1st August 2013. Foil Vedanta’s report with pictures:
Today protesters from Foil Vedanta and other organizations held a loud carnival demonstration at the AGM of controversial FTSE 100 mining company Vedanta at the Marriott Hotel, Grosvenor Square London. A parallel demo was held in Johannesburg. Yesterday in Delhi almost a hundred people braved rains to raise their protest at Odisha Bhawan. Meanwhile, the majority of tribal village meetings given legal power by the Supreme Court of India have unanimously voted against Vedanta’s flagship Niyamgiri mine.
Vedanta’s London AGM was again disrupted today by protesters from Foil Vedanta and other organisations who raised a number of human rights concerns. Chanting and singing was continuous throughout the two hour protest and could be heard inside the AGM. Protesters held placards painted with defiant anti-company quotes from the Dongria Kond tribe in Odisha, India, where the company has been trying to mine illegally for ten years, and has now been stopped. Another group performed street theatre holding a giant inflatable monster with Vedanta Resources painted on it, and snake like heads bearing the names of Vedanta’s subsidiaries. Some Sri Lankan protesters played Parai drums (a Tamil drum of revolution) outside the Mayfair venue. Vedanta subsidiary Cairn India is drilling in the fragile Mannar basin off Sri Lanka. At the peak of the protests a sit in was staged as the Vedanta monster was used to block the road.
Join us for our major annual demonstration at Vedanta’s AGM.
We will bring the defiant energy of the Dongria Kond tribe to London, as they fight the final stages of their 10 years battle for survival against Vedanta’s planned mega mine.
Parallel demonstrations are already planned in Odisha and Delhi in India on 31st August.
Bring drums, placards, banners and lots of energy!
Please see below for more information and background.
Today the Indian Supreme Court held its latest hearing on Vedanta’s planned mega-mine which threatens the Dongria Kond tribe who live in the Niyamgiri hills. In the court the Ministry of Environment and Forests submitted its affidavit which re-affirmed their previous decision to refuse the bauxite mine on the grounds of violation of the Forests Rights Acts which protects ‘forest dwellers’ and traditional tribal groups.
In London activists from Foil Vedanta and other grassroots groups have held a series of demonstrations on all hearing dates. They have dumped mud on the India High Commission, held a noise demonstration at Vedanta Headquarters and targeted the Financial Services Authority demanding that Vedanta is de-listed from the London Stock Exchange. An investigation into the company’s listing has now been launched by the UK Listing Authority (UKLA).
Foil Vedanta members’ research exposed this story on the extent of corporate influence on the UK government over the contentious Cairn-Vedanta deal in 2010. The British government show no regard for Indian and Sri Lankan people as they push Vedanta on them using diplomatic force.
The Cairn-Vedanta deal is currently being investigated in the Indian Supreme Court for claims that Cairn Energy should have offered first right of refusal on it’s shares in Cairn India to Indian national oil and gas company ONGC according to a clause in their deal. The Indian exchequer could have profited by £11.6 billion (1 lakh crore or 1 trillion Rupees) if this had been done. The case claims the deal was made on ‘extraneous considerations’ and has not benefited the Indian people.
Since the Vedanta takeover Cairn India has been drilling in Sri Lankan waters directly beside the Bar Reef Marine Sanctuary, a pristine coral reef which is thought to be the most biodiverse area off India’s coasts. They have been using a fifth generation Japanese drilling ship (the Chikya Hakken) which was damaged in the Sendai tsunami.
for more on Cairn India see powerbase’s profile.
Secret state lobbying for Scots energy giant
Rob Edwards. from Sunday Herald, 20 May 2012
Westminster secretly lobbied the Indian government to give the go-ahead to a disputed multi-billion pound deal with a leading Scottish oil company, internal emails passed to the Sunday Herald reveal.
UK government officials, briefed “over dinner” by Edinburgh-based Cairn Energy, offered to “polish” and send a letter drafted by the company. At a lunch, they also had a quiet word urging a key Indian government minister to back the deal.
At 2.30pm today 10 people arrived unannounced at the offices of Cairn Energy at the Clydesdale Plaza in central Edinburgh. They installed themselves at the grand entrance to the building, blowing whistles and shouting: “No oil for Vedanta! Stop, stop, stop the deal!” and “Vedanta out of Sri Lanka”, attracting the attention of the floods of passers-by attending the Edinburgh theatre festival. Three of the demonstrators gave out leaflets in the street from the campaign group Foil Vedanta and explained that the demonstration was timed with Cairn India’s AGM in Mumbai, where the Vedanta-Cairn deal would be discussed.