London-based GCM Resources Plc is so desperate to open a huge opencast mine at Phulbari in Bangladesh that it has offered a 30% stake in the company to the government of Bangladesh, in return for open-pit commercial exploration of the Phulbari coal mine.
Sources at the relevant ministry said that “Such offers from big enterprises are not uncommon, and relevant authorities are found to accept them if experts find it feasible.”
See http://www.steelguru.com/raw_material_news/GCM_Resources_offers_30_percent_Phulbari_coalmine_stake/272450.html.
For background, with articles explaining why the Phulbari project would be disastrous, see http://londonminingnetwork.org/?s=phulbari.