The passing of the Declaration on the Rights of Indigenous Peoples Act (DRIPA) by the B.C. Legislature in November 2019 was supposed to be the start of a new chapter in the nation-to-nation relationships between Indigenous peoples and the provincial government.

But two years on, implementation of the standard of Free, Prior and Informed Consent (FPIC) of Indigenous Nations before mining activity can take place on their territories—one of the bedrock principles on which UNDRIP is based—is still as distant as it was in 2019. Read about eight recent cases where B.C. is failing to meet Indigenous consent standards for mining.

The global mining industry, often supported by host governments, is positioning mining as a “green solution” to the climate crisis. This “green mining boom” is rapidly expanding into culturally and ecologically sensitive areas, increasingly affecting Indigenous and human rights, community livelihoods and the environment.

Communities, academics, and activists say that an energy transition that heavily depends on mining new materials without considering materials and energy for what, for whom, and at what socio-environmental costs will only reinforce injustices and lack of sustainability that have deepened the climate crisis in the first place.

In April 2021, the International Articulation of Those Affected by Vale (A Articulação Internacional dos Atingidos e Atingidas pela Vale, AIAAV) launched the Vale 2021 Unsustainability Report. Now, after a collective process of review and translation, with the support of partners in Canada, AIAAV has launched the English version of the document. The intention is for the publication to reach an even wider circulation, since a company with global operations requires processes of resistance that are, also, global.

The purpose of this Shareholder Advisory is to inform potential investors in the business combination proposed by DeepGreen Metals and Sustainable Opportunities Acquisition Corporation (SOAC) to form The Metals Company (TMC). We believe that the Advisory is of particular relevance to SOAC public shareholders, who would be anticipating an investment with strong sustainability credentials and who will shortly be invited to vote on approving the business combination and/or to elect to maintain or redeem their investment. 

This report analyzes the Marathon Project with specific reference to the market prospects for palladium in the medium term. The analysis suggests that the Project entails far greater economic risk than Generation PGM’s promotional material allows. In particular, the report draws attention to the following areas of concern: