26 September 2012
IHRC is delighted that the NZ Superannuation Fund has decided to pull its investments from the Freeport McMoran mining giant. (NZ Superannuation Fund Media Release 26 September, 2012. )
‘We have been campaigning for the Superannuation Fund and other Crown Financial Institutes to divest from Freeport for six years and we know the news will be welcomed the West Papuan people who have been campaigning about the mine’s impact on their communities for decades.’
‘The Norwegian Pension Fund divested from Freeport several years ago on environmental grounds, but the NZ Superannuation Fund has stated that the breaches of human rights by the security forces were the critical factor in their decision making. So this is an advance.’
‘We intend to call to the Super Fund Offices in Auckland on Friday to make a personal acknowledgement of this important step.’
Freeport has been directly or indirectly responsible for gross human rights abuses in West Papua since it was first granted a highly favourable contract to exploit gold and copper in the days of the Suharto dictatorship. These abuses include torture, illegal detentions, and killings. These days the area close to mine is no-go area and an area where the Indonesian security forces rule the roost. Shooting deaths are regular occurrence on the access road and last October police killed a miner and injured several others who were carrying out a lawful strike.
According to Rev Socrates Yoman a leading human rights advocate Freeport is like an ATM for the security forces – when there is conflict they can be sure of money.
The mine has destroyed a mountain considered sacred by the indigenous Amungme people and displaced thousands, destroying their forest-based subsistence lifestyle in the process. Local people live below the poverty line- only Jakarta and the mining magnates get the wealth from the enormously profitable mining enterprise.
Freeport uses a system for disposing of the mine waste tailings in the river system -outlawed almost everywhere else in the world. Over 200, 000 tonnes of waste a day are deposited in the river leading to the creation of vast dead zone where nothing grows.
For further information; Maire Leadbeater; 09-815-9000 or 0274-436-957
- WEST PAPUA: NZ Super Fund ends investment in Freeport mine over human rights breaches (westpapuamedia.info)
- Greens welcome Super Fund ethical divestment decision (pacific.scoop.co.nz)
- Freeport-McMoRan: Indonesia Mess May Sink Stock (seekingalpha.com)
- All the ingredients for genocide: is West Papua the next East Timor? (westpapuamedia.info)
- Super Fund excludes companies on ethical grounds (radionz.co.nz)
- Freeport mine security cars targeted in latest attack in West Papua (pacific.scoop.co.nz)
- So, who is the real terrorist? West Papua Responses to Australia, U.S. and Indonesia (westpapuamedia.info)