Mining companies now fear activist shareholders

This is really important if we want enterprise to serve the community and not just the bottom line :o)


Now they [mining companies] rate community opposition among the top risk factors.”
Activist shareholders represent victims of international mining projects, Global Post, Kari LydersenMay 14, 2013  
Persistent monitoring of corporations like Anglo American and Rio Tinto has earned a greater voice for affected communities. LONDON — Angela Paine has been going to Rio Tinto shareholder meetings for decades. She’s part of a group called Partizans, which since 1978 has brought indigenous people from around the world to the mining giant’s meetings using proxy shares. Paine said company officials did not used to welcome the guests.

“They would just ignore them, they would say you’re not really a shareholder,” she remembered over tea sandwiches served following Rio Tinto’s annual general shareholder meeting last month. “There was one big, black aboriginal man who got up on the stage to have his say. The company heavies came up and lifted him out…

View original post 442 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s