ANZ blasted for bankrolling 'dirty' mine

Author: Jewel Topsfield, Age [Australia], Published on: 25 October 2008

The ANZ ignored warnings that a mine it financed in the Philippines had contaminated local waterways and crippled communities dependent on fishing for their livelihoods, a damning report claims... A spokeswoman for ANZ said the bank no longer had any involvement in the mine. "Generally we believe project proponents are in the best position to engage fully with all stakeholders and communities and make any changes to the project to respond to concerns raised," she said. "However, we understand our clear responsibility to support their efforts in applying appropriate social and environmental safeguards."

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Related companies: ANZ Bank