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GCM ResourcesUnited Kingdom
Company – On record
This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
BankTrack
Kate Hoshour,
International Accountability Project
Last update: 2016-10-31 17:17:32
Company – On record
This profile is no longer actively maintained, with the information now possibly out of date
Profile by:
BankTrack
BankTrack
Kate Hoshour,
International Accountability Project
Last update: 2016-10-31 17:17:32
Why this profile?
About
| Sectors | Coal Mining |
| Headquarters |
|
| Ownership |
GCM is quoted on the London Alternative Investment Market (AIM). It was admitted to AIM on 19 April 2004. |
| Subsidiaries |
|
| Website | http://www.gcmplc.com/ |
GCM Resources is a resource exploration and development company. It is the lead company developing the Phulbari Coal Project in North-West Bangladesh. GCM is awaiting approval from the Government of Bangladesh to develop the Phulbari Project.
Impacts
Environmental and climate impacts
The Phulbari Coal Project in North-West Bangladesh, a massive open-pit coal mine, will displace up to 220,000 people and threatens the Sundarbans, one of the world's largest remaining mangrove forests and a UNESCO World Heritage site.
GCM Resources is the subject of a complaint to the OECD filed by BankTrack members World Development Movement and International Accountability Project, regarding severe human rights violations associated with the planned coal mine.
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GCM Resources now.
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