World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Dump Super Fund shares in Freeport

Indonesia Human Rights Committe
Box 68 419
Auckland


2 November, 2006

Dump Super Fund shares in Freeport

The Indonesia Human Rights Committee (IHRC) is calling on the NZ Super Fund to stop investing in US mining giant Freeport McMoRan. Since 1967 Freeport has been mining copper and gold in Indonesian Military occupied West Papua. According to the Super Fund's Equity Portfolio (as at June 30 2006) it had investments worth $954,608 in Freeport. The company has a shocking record of human rights and environmental abuse.

"Every day Freeport's Grasberg gold mine dumps as much as 700,000 tonnes of mining waste into West Papua's rivers. They have completely destroyed the traditional lands that the indigenous Amungme and Kamoro people rely on for survival and have forcibly displaced people from their villages" said IHRC member Cameron Walker.

Freeport has also over the entire history of its operations in West Papua provided the Indonesian Military, who have killed around 100,000 Papuan civilians, with large amounts of money for 'security'.

"Whenever West Papuan people take protest action against Freeport they often end up dead. In the past the Indonesian Military has even bombed villages with cluster bombs after disruptions to the mine" he said.

In March this year large student demonstrations against Freeport broke out in Jayapura, West Papua's capital. Students were arrested, tortured and forced to confess to taking part in violence by the Indonesian Military and Police.
"The NZ government should not be investing taxpayer money in companies that rape the environment and support mass murder" he said.
The government of Norway has specifically stated that its US$240 billion oil fund is not allowed to be invested in Freeport McMoRan, due to its terrible environmental record.

"The New Zealand government should follow the Norwegian's lead and dump all Super Fund shares in Freeport McMoRan" added Walker.

Ends

© Scoop Media

 
 
 
World Headlines

 

Decriminalising Same-Sex Relationships: UN Rights Chief Applauds Indian Decision

“This is a great day for India and for all those who believe in the universality of human rights," Bachelet said. "With this landmark decision, the Indian Supreme Court has taken a big step forward for freedom and equality...” More>>

ALSO:

Myanmar: UN Chief Rohingya Refugee Crisis Enters Second Year

Over 700,000 Rohingya fled Myanmar to ramshackle refugee camps in neighbouring Bangladesh’s Cox’s Bazar area, Bangladesh after being forced from their homes by a military operation which UN human rights chief Zeid Ra’ad al Hussein compared, at the time, to ethnic cleansing. More>>

ALSO:

Scott Morrison In Hot Seat: NZ Congratulates Current Australian PM

Prime Minister Jacinda Ardern has today congratulated Scott Morrison on winning the leadership of the Australian Liberal Party and has acknowledged outgoing Prime Minister Malcolm Turnbull. More>>

ALSO:

Swing States: Gordon Campbell On Why The US Needs MMP

After the bizarre events this week in Helsinki, the world will be hoping and praying that the US midterm elections in November can put a restraining brake on the presidency of Donald Trump. This may happen, but there’s a highly undemocratic reason why such hopes may be frustrated. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC