If communities in West Papua, Indonesia had anything to say about it Freeport-McMoRan would certainly be named the worst corporation in the world. Now you can help get Freeport-McMoRan listed as 2012’s worst corporation in the world.
Every year the Public Eye Award is given to the world worst corporation on earth. Previous winners include; Chevron, for their oil disaster in Ecuador; Newmont for their irresponsible mining and pollution in Ghana and Peru; AngloGold Ashanti, for it’s contamination of land and poisoning of people with its gold mining in Ghana. This year Freeport-McMoRan joins this shameful company as a finalist for the “award”.
In 2004, the Newmont Minahasa Raya (NMR) gold mine began closing down its operations in North Sulawesi, leaving local communities in Buyat Bay and Ratatatok with a destructive legacy: long-lasting environmental damage, economic decline, and a host of health problems. Affected communities have appealed to NMR, a subsidiary of Denver-based Newmont Mining Corporation (94 percent ownership of NMR), and the Indonesian government to address their concerns.
One might think that while reviewing some of its environmental and social safeguard policies, the World Bank might hesitate to approve support for controversial mining projects that civil society groups express tremendous concern about. Well, guess again. Just yesterday, the Bank approved a guarantee for a new destructive mining project in Indonesia.
Jakarta and Washington, D.C., 14 July -- An international civil society coalition today condemned the World Bank for approving support for a destructive nickel mine that would displace Indigenous Peoples, destroy vast areas of intact tropical forest, and threaten rivers and the ocean with sediment and toxic chemicals. The Board of Directors of the World Bank Group yesterday approved a guarantee by the Bank's Multilateral Investment Guarantee Agency (MIGA) for the Weda Bay Nickel mine. Of the 23 Executive Directors of the World Bank, only the US Director abstained from the vote. Indonesian-based WALHI and DC-based EARTHWORKS and Bank Information Center joined JATAM, KIARA, KAU and other Indonesian groups today in declaring that the approval of a $207 million guarantee application for a risky and damaging nickel and cobalt mine demonstrates the fundamental flaws of the World Bank's procedures, polices, and practices on extractive industry.