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9 Sep 2015

GCM Resources

Statement by GCM Resources

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, is pleased to announce the UK National Contact Point to the OECD ("NCP") has today published a Follow-up Statement (the "Report") which completes the final stage of the OECD process...In the Report, the NCP advised there was no change in its findings as stated in the Final Statement from November 2014 and there was no basis to find GCM's actions either inadequate or inappropriate to the nature and context of the Company's operations...The NCP also noted that GCM has an obligation to consider and manage the environmental and social aspects throughout the project life cycle. The Company entirely accepts this responsibility and re-confirms its commitment to developing the Project in accordance with the highest international and national social and environmental standards, including the OECD Guidelines for Multinational Enterprises.


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