16th March 2017. In its latest report, released on 9th March 2017, the Norwegian Council of Ethics has again excluded Vedanta from the Government Pension Fund’s investment universe. The report is an indictment of Vedanta’s pattern of operation at four subsidiaries in Odisha, Chhatisgarh, Tamil Nadu and Zambia, finding “numerous reports of Vedanta’s failure to comply with government requirements” and concluding that “there continues to be an unacceptable risk that your company will cause or contribute to severe environmental damage and serious or systematic human rights violations.”
The Fund first divested from the company in 2007 after Vedanta Sterlite’s operations in India — Thoothukudi, Chhattisgarh and Orissa — and in other parts of the world were found to be in violation of accepted human rights and environmental norms.
The Pension Fund is “the world’s largest sovereign wealth fund with shares in 9,000 companies. . .[and] 1.3 percent of the entire world’s listed equity, giving the decisions it takes to drop or reinstate shareholdings or warn firms considerable weight among investors.”
Read the Council’s full assessment of Vedanta’s operations below. Continue reading
The 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.
Dongria Kond leader Lado Sikaka speaking to press
7th June, 2016. A seven day padyatra (foot march) involving occupants of up to 112 of the remote villages of the Niyamgiri hills ended on Sunday in Jaganathpur (Lanjigarh). The padyatra, led by the Niyamgiri Suraksha Samiti and indigenous leaders from the villages, amplified demands to decommission Vedanta’s Lanjigarh refinery and celebrated the recent victory when the Supreme Court turned down Vedanta’s appeal to the decisive 2013 referendums which had put an end to mining plans on the mountain, as well as protesting the ongoing harassment from the company and the colluding state government and police forces. Various local and national Indian media covered the major event which ended in a large rally on World Environment Day, 5th June. The Orissa Post reported that:
Coming down heavily on the government, Loda Sikaka, a member of the Samiti, said the government has unleashed a reign of terror on the foothills of Niyamgiri by deploying platoons of paramilitary forces and special operation group japans.
CRPF and SOG jawans, instead of checking Maoist activities and providing security to inhabitants, kill poor tribals under cover of encounters. They misbehave with tribal women, loot their houses, domestic animals and poultries, lodge false cases against innocent people by branding them Maoists. The most worrying factor us that the government is conspiring to snatch the livelihood of tribals by leasing out the hills to Vedanta for bauxite mining.
The procession aimed at gaining public support against alleged anti-tribal activities of the government. It also aimed at urging the government to ensure sustainable development of the region while keeping the ecology intact.
The fighting is not limited to this specific region. It is a struggle of the humanity to protect nature and civilisation, Dadhi Pusika, another member of the Samiti, said.
17th May. On 14th May we released an open letter calling for the renowned authors and artists participating in the Jaipur Literature Festival at Southbank, London, to pull out of the event in view of its sponsorship by Vedanta Resources – dubbed ‘the world’s most hated company’. The letter has now been signed by over 100 writers, academics, activists and people directly affected by Vedanta’s operations, including poets Nabina Das, Hemant Devate, Rafiq Kathwari and Surya Vahni Priya Capildeo and writers Tariq Mehmood, Hansda Sowvendra Shekhar, Courttia Newland and Gladson Dungdung.
In response two speakers have already pulled out. The scientist and broadcaster Aarathi Prasad and K. Satchidanandan, a Malayalam and English poet have both refused to participate. (Please see the full article critiquing the neocolonialist approach of the Jaipur Literature Festival by Kavita Bhanot here)
Despite this, Sanjoy Roy, the managing director of Teamwork Arts, which produces the festival, issued this statement to the media on behalf of the festival organisers Namita Gokhale and William Dalrymple:
5th May 2016 With $2.9 billion in debt covenants and inter-company loans due in 2016 Vedanta is turning to increasingly controversial and irregular methods to bleed cash from its few profitable subsidiaries. Having already asset stripped the Zambian Konkola Copper Mines, being prevented by an employees union from getting access to Hindustan Zinc Ltd’s $4.6 billion cash reserves, and by shareholder action from getting hold of Cairn India’s cash, Vedanta are now paying themselves ridiculous 1200% dividends in a desperate attempt to grab the cash and keep the lenders happy.
modern technology: Australian iron ore being loaded onto ships
12th August 2015. This editorial on the ecological economics and social impacts of the global mining industry was published in the July/August edition of the socialist Hindi magazine Samayik Varta. Please click the link to read it in Hindi or download a PDF version of the article here: Prosperity or plunder? The real story behind the global mining industry
Prosperity or plunder?: The real story behind the global mining industry
Samarendra Das and Miriam Rose, Foil Vedanta
Foil Vedanta is a grassroots international solidarity group based in London. We aim to hold the FTSE 250 UK listed company Vedanta to account by building a global movement of communities opposing its operations, and using scholar activism to expose the real interests behind Vedanta and other mining companies. In 2014 our report Copper Colonialism: Vedanta KCM and the copper loot of Zambia, which followed our visit to Zambia, ignited protests and helped change Zambian mining policy.
A history of mining:
Scientists still don’t fully understand how the deposits of precious metal in the Earth’s surface were formed, but the most recent theory suggests that they were brought to the Earth by enormous meteors which smashed into the planet 200 million years after the earth formed (4.3 billion years ago). The earth’s crust is mostly made up of Oxygen (47%) and Silicon (28%), followed by Aluminium (8%) and Iron (5%). Other metals are much more rare; Copper makes up 0.01%, Zinc 0.004%, Lead 0.002%, Tin 0.001%, Thorium 0.001%, Uranium 0.0004%, Silver 0.00001% and Gold 0.000001%. Only a fraction of these percentages are to be found in densities which are economically viable to extract.
In other words, metals are a very rare and very precious resource on our planet, and are completely irreplaceable. However, in 2014, after only a century of industrial scale mining, the speed and scale of extraction of metals has become so immense that most metals are predicted to run out in the next few decades. For example between 1.1 and 1.3 billion tonnes of aluminium has been extracted historically (until 2014), and at the current extraction rate of 40 – 46 million tonnes per year the remaining 8 billion tonnes will be used up in 20 – 40 years.
7th 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.
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.
See the film of today’s demo in London here, and the Parai dummers here, and see MP John McDonnell and others update the protesters after the AGM here.
And photos on Demotix here and here
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.
31st July, 2014. Yesterday public hearings on the six fold expansion of the Lanjigarh refinery, at the base of the Niyamgiri Hills in Odisha, were disrupted by around 1000 local people including Dongria and Kutia Konds virulently opposing the expansion.
Some Konds waved their axes demanding that Vedanta (Sesa Sterlite) leave Lanjigarh immediately and citing their objection to the Niyamgiri mine (voiced unanimously in a precedent referendum last year). The Land Losers Association also registered their objection citing the false arrests and imprisonment they have suffered since losing their land to Vedanta without proper compensation or employment as Vedanta had promised. A recent report from a local activist detailed how 34 of the Land losers have died since they lost their land, attributing this to poverty and disease from the Lanjigarh plant.
See a film of the public hearing and the key points raised by opposing groups here.
Miriam Rose, Samarendra Das, John McDonnell MP and Richard Solly in the House of Commons
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.