Asia Energy makes new proposal for open-pit coal mining in Bangladesh
Posted on | February 7, 2010 | Comments Off
The Government of Bangladesh is considering ‘positively’ a new proposal of the UK-based Asia Energy which offered the government only 10 per cent stake in the Phulbari coal field for operating an open-pit mine, said sources in the government. Asia Energy is owned by London-based GCM Resources.
See http://www.newagebd.com/2010/feb/02/front.html#11.
The Phulbari project is strenously opposed by communities which would be removed to make way for the mine. See http://londonminingnetwork.org/?s=Phulbari.
Also see:
Bangladesh coal controversy: power to the people?
Even if GCM, the UK-listed miner, can regain government approval for its giant coal project, opponents may still threaten its prospects & profitability: http://www.c-resource.com/view_article.php?aid=129.
