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26 May 2016

Bank Track

“Drummond and Paramilitary Violence in Colombia”

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Drummond Company Inc. is a privately-owned coal mining Company…with the majority of its coal production located in the Cesar mining region of Colombia. This region, including the area in the vicinity of the company’s mines, has been beset by paramilitary violence, the impacts of which have been profound for the local population…Further to this, legal testimonies examined by PAX indicate that mining companies including Drummond supported the paramilitaries in several ways, including requesting their establishment and providing financial support…Seven banks…have been identified as providing loans to Drummond between 2010 and 2015. This briefing investigates how these banks have fulfilled their responsibilities under the UN Guiding Principles on Business and Human Rights, including to seek to prevent or mitigate human rights impacts linked to their services, and to account for how they address such impacts.