5th 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.
Freddy Muntete in his garden
July 20th 2016. In October 2015 Foil Vedanta visited Vedanta’s Zambian subsidiary Konkola Copper Mines (KCM) for the second time to investigate the legacy of pollution that has destroyed the environment and livelihoods around Chingola since 2004, when Vedanta bought controlling shares in KCM. KCM is Africa’s largest copper mine and the largest mining company in the copper dependent economy of Zambia. Our 2014 report Copper Colonialism: Vedanta KCM and the copper loot of Zambia exposed some of KCM’s major corporate malpractices including large scale tax evasion and mis-declaring profits, labour rights violations, and gross pollution which has continually contaminated the river Kafue causing sickness and loss of livelihood for tens of thousands of Zambians. We accused Vedanta and the UK government, which has given KCM active and tacit support, of neo-colonialism and of treating Zambian lives and environment as cheap.
East 1st Street, only 50m from the smelter
We were particularly shocked when we visited KCM’s Nchanga smelter in the heart of Chingola town, to see communities living less than 50m away from the fume belching and extremely noisy smelter. KCM is less known for emitting toxic fumes than Swiss miner Glencore’s Mopani smelter in nearby Mufilira town which causes misery for the residents of Kankoyo district, but walking along East 1st Street and 2nd Street which run directly along the factor wall our eyes immediately began burning and itching and we developed headaches and sore throats within a few minutes.
Residents of Nchanga South explained how the plant was built in 2006 without any prior consultation with the community, who were only aware of the development when they saw construction taking place. The construction of the smelter encroached into their community as the factory wall was moved out, covering 1st Street, which had previously run alongside the wall, and instead building a new wall directly behind the resident’s plots, bringing the polluting plant right up to their garden walls. When the community (many of whom work for KCM) met with representatives to voice their concerns about fumes and pollution from the smelter they were told it was a modern plant with no detectable fumes and would have no impact on them.
14th May 2016. On May 21st the high profile Jaipur Literature Festival will take place in Southbank London with Vedanta as its key sponsor*. Foil Vedanta and Roundtable India have authored this open letter to the many renowned authors taking part, asking them to boycott the event in view of Vedanta’s criminal activities.** The letter has been signed by eminent writers, academics, activists and people directly affected by Vedanta’s criminal activities. A protest will also be held outside the event from 10am to 1pm at the Southbank centre, SE1 9PX, London.
*JLF have now removed Vedanta’s logo from their website. Please see the original page with Vedanta logo on the internet archive.
** Please see the update to this post as authors are pulling out.
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.
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.
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.
Please join us to oppose the 6th Annual Responsible Extractives Summit at Tower Bridge Hilton on Monday 29th June.
Expose crooked executives from Shell, Vedanta, Rio Tinto, JP Morgan, Bechtel and more, co-opting UN’s human rights mechanisms and using sustainability and CSR spin to cover up their extensive and ongoing crimes against humanity and the environment.
Monday 29th June, 12 midday. Hilton Hotel, Tower Bridge, London, SE1 2BY.
Bring drums and placards!!
download the flyer here: Responsible Extractives demo flyer
More info on the true neocolonial faces of the key speakers at the event:
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.
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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.
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.