Första AP-fonden turn on skandaliserat mining company

the Article has caused a correction.

– We propose that we and other investors rather than establishing a global independent and public rating system to monitor the risks to the safety of gruvbolagets tailing ponds, " says Ossian Ekdahl, head of the ownership responsibility on the First AP fund.

He has lost the confidence of the brazilian mining company, but hope that an independent monitoring system to prevent future accidents. The only question is who should establish the monitoring system, manage it and pay for it.

"I don't want to go into any detail about it," says Ossian Ekdahl to DN.

at the town of Mariana for three years ago, died 19 people when a dam burst and drowned a village with toxic lermassor from an iron ore mine. Lermassorna contained heavy metals which flowed out into one of Brazil's most important rivers and killed all the fish. Even the endangered sea turtles that lay their eggs on the beach where the river flows into the Atlantic ocean were affected. The company promised that no more accidents would occur and Etikrådet, which oversees the AP-funds investments, chose to have faith in the mining company.

it turned out that the mining company has not learned its lesson. Once again burst an overcrowded pond and 12 million cubic metres of mining waste poured out of the mine's workplace and the city of Brumadinho. So far, 134 of the bodies unearthed in the lermassorna, but still missing 199 people.

search for victims after a dam disaster in the brazilian town of Brumadinho. Photo: Mauro Pimentel/AFP

Rescuers have announced that all bodies will not be able to be found. Etikrådet immediately went out and said to the confidence of the mining company was exhausted, but now swing the council. AP-the funds intend to maintain their holdings of sek 400 million.

"We look forward and hope that we, together with other investors may have an independent monitoring system to work," says Ossian Ekdahl.

though companies who import, which, together with other organisations driving the campaign, Decent pensions who want to pensionspengarna be invested with the respect for human rights, the environment and international climate change targets.

" If you are going to implement an independent monitoring system, it is very important to take into account the contexts in which it is to be implemented. In Brazil, for example, we know that corruption is widespread. This requires a very robust system that it will actually work in a credible way, " says Annelie Andersson, Latinamerikagruppernas spokesperson for investment and corporate responsibility.

with the mining company Vale, but have not received any response.

" We can confirm that that did not happen has happened again. It raises of course many questions surrounding the effectiveness of the funds in the dialogue, " says Annelie Andersson.

She thinks that the AP-funds carries a responsibility when people die on the grounds that the mining company does not live up to current security procedures.

– As the owner at olyckstillfällena they have a responsibility. They can't exclude themselves, whether they stay or leave as the owner, " she says.

in Addition to that it is ethically questionable to invest in a mining company which is neither a safety or environmentally conscious, it is a bad investment. Then the dam burst in Brumadinho, the company's market value declined by 176 billion. The share price has a total lost 24 per cent.

Read more: Trust in the bottom for the brazilian mining company.

Read more: Gruvbolagets assets frozen.

Correction: In an earlier version there was error indication on how large a proportion of the Vale, the fund owns.