News Archive

Vedanta’s Zambia unit seeks to shift liabilities to state

Vedanta Resources Plc's Konkola Copper Mines Plc unit has removed "a lot of money" from Zambia and wants the government to assume its liabilities that exceed $1.5 billion, said the nation's Vice President Guy Scott. "This is a matter of national importance," said Scott. "It's a matter concerned with billions and billions of dollars, tens of billions of kwacha, that we stand to lose if we don't stand together and show that we won't be taken for a ride."

Foil Vedanta responds to Tom Albanese on Vedanta in Zambia

Last week several articles were published in the Zambian media reporting on a press briefing held by Vedanta executive Tom Albanese following a ‘closed door meeting’ he held with Labour and Social Security Minister Fackson Shamenda in Lusaka, Zambia, on the 7th February. Mr Albanese met with the Minister to refute claims made in Foil Vedanta‘s report ‘Copper Colonialism: Vedanta-KCM and the copper loot of Zambia‘, released to the Zambian press on January 31st.

Church of England General Synod challenges climate change investments

On Wednesday 12th February the Church of England's governing Synod voted overwhelmingly in favour of a motion to ensure that C of E investment policy is aligned with their policies on climate change, and to establish a working group on the environment to monitor this and other environmental issues. This may affect the Church's investments in mining companies. The vote was welcomed by Christian climate change campaign organization Operation Noah.

Down Rio Tinto, down!

Last Thursday, the Rio Tinto Global Union Network took to the streets of Cape Town, supported by hundreds of members from IndustriALL Global Union affiliated mining unions, National Union of Mineworkers (NUM) and South African Clothing and Textile Workers' Union (SACTWU). The demonstrators demanded an end to Rio Tinto’s bad corporate behaviour at its operations around the world.

Rio Tinto face global campaign from unions, objections from environmentalists and communities.

The global union IndustriALL recently launch a global campaign against Rio Tinto. The company has also been opposed by environmental groups at its proposed Bunder diamond project in India. Finally, in Australia a legal challenge from Aboriginal traditional land owners over the land lease for the Gove aluminium refinery has failed, but no doubt the company is in for more headaches as they close the plant.

ACCR lodges resolution with Rio Tinto subsidiary Bougainville Copper

The Australasian Centre for Corporate Responsibility (ACCR, a partner of LMN member group ECCR)) has lodged two resolutions for consideration at the AGM of Rio Tinto subsidiary Bougainville Copper, which until 1989 operated one of the largest copper and gold mines in the world. There is talk of the mine being reopened. It closed as a result of armed conflict over its operation. The resolutions call on BOC, in the interests of a successful reopening, to join a number of ‘good corporate citizenship’ initiatives, remediate environmental damage and ensure Free, Prior and Informed Consent before restarting.

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