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
A worker at Alcoa’s smelter
This special report by Miriam Rose originally appeared on Saving Iceland website.
In 1969 the first of three aluminium smelters was built in Iceland at Straumsvík, near Hafnafjörður, on the South West side of Reykjavík by Alusuisse (subsequently Rio Tinto-Alcan). In 1998 a second smelter was constructed by Century Aluminum (now a subsidiary of controversial mining giant Glencore), at Hvalfjörður near Reykjavík, and in 2007 the third, run by Alcoa, was completed at Reyðarfjörður in the remotely populated East of the country. The Icelandic Government had been advertising the country’s vast ‘untapped’ hydroelectric and geothermal energy at ‘the lowest prices in Europe’ hoping to attract jobs and industry to boost Iceland’s already very wealthy but somewhat fishing dependent economy. The industry, which would permanently change Iceland’s landscape with mega-dams, heavy industry scale geothermal plants and several kilometer long factories, was promoted by the Icelandic Government and the aluminium companies as ‘good employment for a modern age’. However, ten years after the flagship Alcoa Fjarðaál project was completed, unemployment is higher than it was in 2005, and Iceland’s economy has become dependent on an industry which is vulnerable to commodity cycle slumps and mass job losses. Worse, the price charged for Iceland’s energy is tied to the price of aluminium and analyses of the country’s 2008/9 economic crisis suggest it was exacerbated by the poor terms of Iceland’s late industrialisation. Yet demands for further industrialisation remain, and more than 1000 Icelanders are employed in the aluminium sector.
This article exposes the conditions inside Iceland’s aluminium smelters based on interviews with workers conducted in 2012. The stories from two smelters share correlating accounts of being forced to work in dangerous conditions under extreme pressure, and without adequate safety equipment, leading to serious accidents which are falsely reported by the companies. These shocking allegations require serious attention by the trade unions, Icelandic government and health and safety authorities. This especially in the current context of labour disputes with the aluminium companies, alongside revelations about the same companies’ tax avoidance schemes and profiteering in the country.
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.
20th May 2016. A massive thank you to all the writers, bloggers, activists and supporters who made the JLF boycott a huge success. Please read more on the London protest and and press coverage below:
A group of protesters from a wide range of organisations today disrupted the Jaipur Literature Festival at London’s Southbank Centre, taking over the stage with their placards and giving shouted speeches to the eminent audience about the multiple criminal convictions and abusive pattern of operation of the festival’s main sponsor, the British mining company Vedanta. A number of attendees left the event in response. NDTV journalist Barkha Dutt’s presentation was also disrupted by chanting naming the news channel for taking Vedanta funding for the Our Girls Our Pride campaign which is accused of being a whitewash sham for the company.
Vedanta’s logo stickered over on programme
Earlier two speakers at the festival – the scientist and broadcaster Aarathi Prasad and K. Satchidanandan, a Malayalam and English poet – had pulled out in response to an open letter calling for a boycott of the event in view of its sponsorship by ‘the world’s most hated company’. Another four speakers – Vasundhara Raje, Meghnad Desai, Gavin Francis and Rachel Spence – also had their names removed from the programme suggesting they too have refused to participate. Nonetheless Sanjoy Roy, the managing director of Teamwork Arts and festival organisers Namita Gokhale and William Dalrymple have continued to defend their sponsor in the media even claiming Vedanta are not guilty of any criminality, despite multiple convictions cited in the open letter. However, the Vedanta logo was removed from publicity on the day and stickers were used to poorly conceal the logo on the programmes.
Kavita Bhanot – JLF Brings ‘Exotic India’ To Your Doorstep – Who Pays The Price?
The Hindu – Anti Vedanta protests mar JLF event in South Bank London
Ravinder Kaur – JLF Southbank: By ignoring boycott call, writers may have missed out on powerful stories of dissent
The Wire – Writers Protest Vedanta Sponsorship of Jaipur Lit Fest London
Sabrang India – Protesters Disrupt Jaipur Lit-fest Sponsored by Vedanta in London
Sabrang India – Boycott Vedanta’s London festival and bid to seek legitimacy: Writers
Eyezine – Why Jaipur Lit Fest needs to remove Vedanta from its sponsors
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:
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.
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.
. Continue reading
2nd ANNIVERSARY DEMONSTRATION
AGAINST THE BRUTAL MARIKANA MASSACRE
SOUTH AFRICA HOUSE, TRAFALGAR SQUARE, LONDON
2-5PM Sat 16th August 2014
Join the facebook event!
and see MINERS SHOT DOWN film
7pm FRIDAY 15th AUGUST 2014 @ 365 Brixton Road, BRIXTON, LONDON, SW9
THE MARIKANA MASSACRE WAS DELIBERATE. S.A. POLICE KILLED 34 AND INJURED 78 STRIKING MINERS. MANY WERE SHOT IN THE BACK &/or ON THE GROUND. RAZOR WIRE, SUB-MACHINE GUNS AND ARMOURED CARS. HORSES AND HELICOPTERS WERE USED. 270+ SURVIVORS WERE ROUNDED UP AND CHARGED WITH THE KILLINGS. WITNESSES ARE BEING REGULARLY MURDERED AS THE WHITEWASH OFFICIAL INQUIRY ROLLS ON. THE WORKERS STRUGGLE CONTINUES.
Please read more below..