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DEMO AGAINST GCM's AGM Tomorrow the 4th December 2013 at 11 am , 4 Hamilton Place, London, W1J 7BQ. No Open Pit Minining in Phulbari, Bangladesh


Visit : http://www.economicvoice.com/protests-at-gcm-resources-agm-tomorrow-over...

• GCM, stop unethical business. Stop huge displacement. Stop destroying our land, agriculture,
water bodies, environment and ecology.

Why are we fighting against GCM Resources Plc?
GCM Resources plc, an AIM-listed UK-based multinational company, supported by major hedge funds and banks including UBS, Credit Suisse, LR Global, and Argos Greater Europe Fund, wants to implement a massive open-pit coal mine in Phulbari in the north-west of Bangladesh. If this open pit mine project is
implemented in Phulbari, it will bring huge devastating impact as below:

• The project will displace up to 130,000 people.
• The project will destroy over 14,660 acres of fertile
agricultural land that produce three food crops annually,
threatening to increase hunger in a country.
• The project threatens to destroy the homes, lands, and water
sources of as many as 220,000
people, and forcibly evict an estimated 130,000 people.
• Water level will be lowered by 15-20 meter and will create
scarcity of safe drinking water
• The proposed deal will pay 6% of royalty to Bangladesh and 94%
of revenue will be taken by
GCM! Moreover, they will enjoy 9 years of tax holiday to
further increase their profit

Against all these there had a serious battle against open pit mining in Phulbari. Three people were killed and over
200 injured on 26 August 2006 when paramilitary troops fired on a massive protest of some 80,000 demonstrators in
Phulbari. The protesters were opposing proposed open pit coal mine in Phulbari by the Bangladesh subsidiary of GCM Resources plc, Asia Energy, intends to implement.

The project has also generated worldwide grave concern including the United Nations and among human rights and environmental organisations. With their concerns about impending and grave human rights violations unaddressed,seven Special rapporteurs of the United Nations issued a joint UN press release on 28 February, 2012, calling for an immediate halt to the project on the grounds that it threatens the fundamental human rights of hundreds of thousands of people, including entire villages of indigenous people. Yet, GCM is aggressively moving on to
implement this immense open pit coal mine ignoring the human rights and environmental degradation the project would leave.

GCM is facing a serious blow as Organisation for Economic Co-operation and Development (OECCD) agreed to consider complaints regarding severe human right violation associated with the company’s planned coal mine in Bangladesh. The complaint made by International Accountability Project and the World Development Movement claims that the mine planned by the AIM –listed company GCM Plc would breach OECD guidelines for Multination Enterprise. OECD is examining the complaints made the activists.

GCM as an AIM-listed company unethically collecting money from the share market without having approval of its project from the Bangladesh Government and now aggressively moving on to granting of the scheme. GCM has been trying to engage with high level of the Bangladesh government through bribery and corruption. They have also been striving to infiltrate in the local community in disguise of philanthropy and impact study, spreading false data and information and adopting manipulative strategy for having approval of the project. But strong people's resistance
will in vain their evil strategy.

We are campaigning in solidarity with the people of Phulbari to throw GCM Resources/Asia Energy out of Bangladesh. The Committee to Protect Oil-Gas in Bangladesh in the UK, in conjunction with the World Development Movement, Phulbari Solidarity Group and London Mining Network is holding this demo on 4th of December 2013 outside the Annual General meeting of GCM.

For details please visit: http://www.protectbdresources.org.uk/ Contact:nationalcommittee.uk@googlemail.com Committee to Protect Oil-Gas- Mineral Resources, Port and Power in Bangladesh, The UK Branch. 03.12.2013