(Adds response from Rio Tinto and BHP)
LONDON/HOUSTON, Jan 8 (Reuters) - A leading British local government pension group has urged mining giants Rio Tinto and BHP to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes.
The Local Authority Pension Fund Forum (LAPFF), a shareholder in both firms, said this week that it had written to them to ask how the U.S. project, which could be approved within days, will affect local communities, as Native American tribes say it could destroy cultural and religious sites.
UK local government pension group raises concerns over Rio, BHP Arizona mine
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LONDON/HOUSTON (Reuters) - A leading British local government pension group has urged mining giants Rio Tinto and BHP to clarify how they intend to protect the environment in and around an Arizona copper project that is opposed by many Native American tribes.
The Local Authority Pension Fund Forum (LAPFF), a shareholder in both firms, said this week that it had written to them to ask how the U.S. project, which could be approved within days, will affect local communities, as Native American tribes say it could destroy cultural and religious sites.
Clashes are becoming more frequent between indigenous groups and mining companies eager to produce more copper for electric vehicles and other green technologies.
Council pension group raises concerns over Resolution Copper Project
Local Authority Pension Fund Forum (LAPFF) has raised concerns following progress on the Resolution Copper Project in Arizona.
LAPFF has written to both Rio Tinto and BHP seeking assurances that appropriate engagement with communities and workers has been conducted around a mine project in Oak Flat, Arizona.
It also wants to see all environmental and social impact assessments in relation to Resolution Copper to be made public.
Cllr Doug McMurdo, chair of the LAPFF, said: Over the past couple of years, LAPFF has engaged extensively with communities affected by mining operations in Brazil, Australia, and the US. These engagements have revealed troubling patterns of mining companies failing to incorporate community voice adequately into decision-making processes.
By Susanna Rust2021-01-06T15:30:00+00:00
LGPS Central, one of the UK’s eight local authority pension asset pools, has launched its global active emerging market bond fund.
The fund has been launched with initial investment of £630m (€684m) from four of the pool’s eight partner pension funds, namely the funds for Cheshire, Leicestershire, Nottinghamshire, and West Midlands.
The pool initially indicated the fund size would be in the region of £900m. A spokesperson explained that it has been launched with less for asset allocation timing reasons.
“We have had several occasions when partner funds have added to sub funds post-launch, and we are open to further investments into the fund moving forward,” he added.
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