The Dongria Kondh tribe members gather to protest against the plans of Vedanta of mines of bauxite in a mountain to worship as a living God. Photo: Reinhard Krause/ReutersAnger erupted annual meeting inside and outside of the Vedanta Wednesday as activists protested against the registration of human rights and environment of the mining company.
Dozens of people including the building where the meeting was held in London and chanted slogans against the company, which has been the Centre of a row in the corporate social responsibility.
The Board, led by Anil Agarwal, whose family control 62% of the shares before a barrage of hostile questions from shareholders and representatives of pressure groups. More than 13% of the shareholders do not support the remuneration report, while more than 7% voted against the re-election of the head of the company health and safety, Naresh Chandra Committee.
The performances were resentful, with heated discussions between the executives and investors. In a pointsecurity men had to stop an investor wanted to hand directors leaflets about an accident in an operation of Vedanta in Goa.
Administration was attacked by a security log poor, disregard of human rights and pollution in factories in the subcontinent. Vedanta is a India company listed on the London Stock Exchange in 2003, but has been beset by controversy.A company spokesman, said recently: "Vedanta is committed to doing business responsibly, respecting human rights and the environment." "We work closely with local communities in all parts of the world... to ensure sustainable development."
Investors aviva voted against the report as a protest against the payment of remuneration rises not linked to the company to meet a variety of "green goals". Aviva requires linking the remuneration of managers and compliance with internationally recognized standards of environment environmental.
Pension finance group also voted against the re-election of several executives, which claimed are not independent. Abstained during the vote to re-elect Navin Agarwal, brother of the President, because he apparently picked up a diet ￡ 850,000. Later, the company Aviva that the amount was ￡ 85,000.
Groups such as Amnesty International and help in action demanded Vedanta scrap plans to build a bauxite mine in Orissa, East of the India, on land considered sacred by the tribe indigenous Dongria Kondh. Demonstrators also oppose the expansion of a refinery for aluminium in the same area, that they say has polluted local rivers.
Jo Woodman, Survival International, said: "call on Vedanta to pull the plug on his project of Orissa;" "shareholders, governmental agencies and activists have highlighted the registration of the company on the environment and shows that he has paid little attention to the interests of the local population."
Plans for expansion of the Vedanta in Orissa have been blocked by the Government of the India, but the Group has lodged an appeal before the Supreme Court.
Two years ago, Vedanta received a barrage of adverse publicity when 40 people were killed in Chhattisgarh state after a chimney collapsed. Three officials of Vedanta were arrested.
The network of mining London says Vedanta record has not improved significantly, with 26 deaths in its mines reported last year and a dumping ground for waste in Goa overwhelmed this month. "As a result, millions of tons of mud and sediment flooded in the village of [Goa], swamping Mulgao farmland, choking rivers and threatening the livelihood of people," said a spokesman LMN. Vedanta has offered compensation to farmers.
Former Monty Python star Michael Palin issued a statement saying: "I am very disappointed that now faces in court the decision of not mine of Vedanta by the Minister of environment of the India." "Vedanta needs once for all to abandon this poorly-conceived project and respect the rights of the Dongria Kondh people".
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