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en/philippines-oxfam-says-mine-financed-then-owned-by-anz-bank-devastates-local-communities-livelihoods#c33635

ANZ puts profits over people in the Philippines

Author: Oxfam Australia, Published on: 25 October 2008

A report released today by international aid agency Oxfam shows that cyanide-laden spillages from a mine financed by ANZ in the Philippines has devastated communities dependent on fishing for their livelihoods. Oxfam Australia’s Mining Ombudsman Shanta Martin said ANZ had some good social and environmental policies but had not demonstrated an ability to put these policies into practice... The Philippines mine, which was owned by the now defunct Melbourne-based Lafayette Mining Limited, exhibited a clear lack of environmental safeguards.

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Related companies: ANZ Bank