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13 Feb 2013

Cultural Survival

Mining Executive Behind Phulbari Project Resigns [Bangladesh]

Amid a flurry of recent protests, strikes, negative press, and shareholder divestment, British coal company GCM Resources’ executive Grahram Taggart resigned last week. The company has plans to construct an open-pit coal mine in Northern Bangladesh that is widely opposed by local Indigenous Peoples, grassroots organizations, environmentalists and UN Special Rapporteurs….GCM’s largest shareholder, Polo Resources, announced in January that they are looking to divest their 30% stake in the company, just weeks after an activists crashed the annual shareholder’s meeting to deliver coal while dressed up as Santa Claus.

Part of the following timelines

Bangladesh: Concerns over environmental & social impacts of Asia Energy/GCM Resources' Phulbari coal project

OECD Guidelines complaint against GCM Resources over planned Bangladesh coal mine