Saving Iceland

Alcoa, one of the world’s largest aluminum producers, has reported a 52-percent drop in third quarter profits and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects. Alcoa, the first component of the Dow Jones industrial average to report earnings, said results were hurt by sharply lower aluminum prices, weaker demand and a charge from curtailing production at a Texas smelter. The company reported earnings of $268 million, or 33 cents per share, for the three months ended Sept. 30. That compared with $555 million, or 63 cents per share, during the same period last year.

Today, the 11th International Conference on Aluminium Aloys (ICAA) met with angry protests. Activists from the environmentalist network Saving Iceland disrupted the proceedings at the University in Aachen. Early this morning, during one of Rio Tinto Alcan’s lectures, the fire alarms in the building were put on. Later today – again during Rio Tinto Alcan’s lecture – stink bombs were thrown and a high volume rape alarm was put on and suspended out of reach by green and black helium baloons. The auditorium was also strewn with information leaflets. The aim was to call attention to the industry’s singular involvement in ecological destruction in Iceland, as well as on a global scale.

The ICAA conference is a weeklong event held at a different international location every 2 years. This is its first appearance in Germany and as such is run in parallel to the Aluminium trade fair in Essen, about 80 km away. This double event is sure to call together all major players of an industry that still tries to present itself as having a green conscience, and with some success: Alcoa has been included in the Dow Jones Sustainability Index, for the 7th year running. [1] Environmentalists dispute this depiction in the strongest terms.

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A call for action from Denmark.

We stand at a crossroads. The facts are clear. Global climate change, caused by human activities, is happening, threatening the lives and livelihoods of billions of people and the existence of millions of
species. Social movements, environmental groups, and scientists from all over the world are calling for urgent and radical action on climate change.
On the 30th of November, 2009 the governments of the world will come to Copenhagen for the fifteenth UN Climate Conference (COP-15). This will be the biggest summit on climate change ever to have taken place. Yet, previous meetings have produced nothing more than business as usual.
There are alternatives to the current course that is emphasizing false solutions such as market-based approaches and agrofuels. If we put humanity before profit and solidarity above competition we can live amazing lives without destroying our planet.

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Today we received a letter from Denmark:

This morning, big banners were hanged on a building in Copenhagen saying: ,,Aluminium Industry is destroying all major Icelandic rivers!” A big advertisment from Icelandair Airline Company, showing Icelandic rivers, was hanging on this same wall last week.

The construction of the planned new Century aluminium smelter in Helguvík and Alcoa’s smelter in Húsavík, will lead to damming of more glacial rivers and geothermal areas. Today it looks like dams will be built in Þjórsá River, Tungnaá, Skjálfandafljót and Jökulsá á Fjöllum; only for further heavy industry projects.

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Survival International – The Norwegian government has sold its shares in British company Rio Tinto, whose Grasberg mine in West Papua, Indonesia, has devastated the land of the Amungme and Kamoro tribes. Norway sold its almost £500 million shares in Rio Tinto following recommendations from its Council on Ethics to exclude the company from its government pension fund. The Council made its recommendation due to ‘a risk of contributing to severe environmental damage’ through Rio Tinto’s participation in the Grasberg copper and gold mine. Read More

A Islândia tem a boa reputação de utilizar energia limpa, sendo muitas vezes o exemplo de matriz energética ecológica. Contudo, recentemente as indústrias de alumínio ALCOA, RioTinto-Alcan e Century Aluminium estão desenvolvendo em larga escala a energia geotérmica para suprir o processo de fundição do alumínio chamado de “smelter”, destruindo grandes extensões de natureza intocada da ilha do subártico. E não pára por aí: se todos os planos da indústria pesada forem executados, os rios glaciais mais importantes também serão represados..
“Saving Iceland” está organizando seu quarto acampamento de ação direta nos campos islandeses. Read More

Alcoa has laid off 300 workers in it’s Rockdale smelting facilities in Texas after idling some of the facility. Another 100 contract workers will be affected. The aluminium giant says this is necessary due to unreliable power supply from the energy supplier that is contracted for the smelter, Luminant. That company claims Alcoa is using them as an excuse to fire workers to drive up profitability. Read More

Rio Tinto Alcan is still planning to construct a new smelter in Iceland, as well as in Canada, Malaysia, Saudi Arabia, Oman and Cameroon. In total the mining and metals giant is planning to expand it’s aluminium production capacity by 2.6 million tons. All the projects are projected to start between 2011 and 2014. Rising energy prices are driving fossil fuel powered smelters out of business, report financial news analysts Bloomberg. Thus Rio Tinto are looking at accelerating hydro-powered smelter construction.
Rio Tinto has thought to construct a new smelter in Thorlakshöfn or Keilisnes. Landsvirkjun have said they do not wish to construct more power plants for another new smelter in South West Iceland, but apparently Rio Tinto Alcan are still counting on it. Currently Budarhals dam in Tungnaa is being constructed to increase production in RTA’s Straumsvik smelter with 40.000 tons.

In a special report on the environment, Thórunn Sveinbjarnardóttir, minister for the environment in Iceland, says that Icelandic nature has suffered from aluminium production and needs increased protection. “It is time to correct the injustice nature and environmental protection has faced because of heavy industry,” says the report.
She says Iceland’s nature is valuable, and conserving it is a way of utilising the resource. In the past Iceland’s nature, it’s rivers and geothermal fields have been seen as ‘unutilised resources’ that are almost asking for exploitation. This view, held by many Icelandic politicians and entrepreneurs, is a modern interpretation of 17th century Cartesian thought. Read More