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Mining Executive Behind Phulbari Project Resigns [Bangladesh]

Author: Cultural Survival, Published on: 13 February 2013

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.

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Related companies: GCM Resources