chrislang

I'm a researcher and activist. Working with the World Rainforest Movement.


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“British bank Royal Bank of Scotland has sold its shares in Global Coal Management Resources (GCM ltd), the British company behind the Phulbari open-cast mine project in Bangladesh. In August 2008, 110 organisations from across the world wrote to RBS calling on it to withdraw its investment from the disastrous Phulbari project. The British bank has now responded by selling its shares, held through subsidiary ABN Amro, and telling campaigners RBS is “no longer an investor in GCM Resources”.”

| tags phulbari | 13 Oct 2008 | comments (view)


Share graph
Things aren’t looking too good for Global Coal Management Resources (GCM) - the company behind the proposed Phulbari coal mine.

Share graph
Things aren’t looking too good for Global Coal Management Resources (GCM) - the company behind the proposed Phulbari coal mine.


| tags phulbari | global finance | 02 Oct 2008 | comments (view)


“The Phulbari coal deposit is very likely among the largest in the world, with a capacity to produce 15 million tonnes of coal per year. Then why would the original licensee, BHP, abandon it…asks Nazrul Islam, a former official of the mining company.
[ … ]
BHP did not want to create another environmental disaster like Ok-Tedi Copper Mine in Papua New Guinea”

| tags phulbari | coal | 16 Sep 2008 | comments (view)


UK government lobbies for 'disastrous' mine scheme

World Development Movement

The UK government has been actively supporting plans by a British company to build an open-cast mine in Bangladesh. The mine in Phulbari, proposed by UK company Global Coal Management, would destroy the homes of more than 40,000 people and threaten the water supplies of a further 100,000.

In response to a question asked in the UK parliament, the Department for Business has disclosed that it has lobbied the Bangladesh government for the mine to go ahead.

Gareth Thomas MP, UK Trade Minister, has now admitted that the British government “have lobbied to ensure that the Government of Bangladesh take the company’s interests into consideration and do not prohibit opencast mining. The British high commission will continue to remain in touch with the company and will represent their interests as appropriate.”

Tim Jones from the World Development Movement said:
“It is scandalous that the UK government has been actively supporting plans for this potentially disastrous mine. If implemented, it would destroy the livelihoods of thousands of people.

“The British government are putting the profits of British business ahead of the welfare of thousands of people in one of the poorest countries in the world.

“Gareth Thomas is both a Minister for Business and for International Development. Phulbari is a test case for whose side he is really on - the only development the mine will promote is that of a British company.”

Community leaders from Phulbari said earlier this year that the mine “will increase the poverty of the local population as well as cause environmental disaster.”

Global Coal Management’s investors include British bank Barclays and Swiss banks UBS and Credit Suisse. In April 2008, the Asian Development Bank announced it was pulling out of funding the scheme.

Take Action:www.wdm.org.uk/bangladeshmine

Kate Blagojevic
Press officer, World Development Movement
0207 820 4900/4913, 07711 875 345,
Email: kate.blagojevic[AT]wdm.org.uk


| tags phulbari | 22 Jun 2008 | comments (view)