More grief at GCM as another director is 'terminated'

Recently, GCM Resources CEO Gary Lye was prevented from visiting the site at Phulbari, Bangladesh, where the company wants to open a huge opencast coal mine. One of the company’s Directors, Graham Taggart, resigned. (See http://www.wdm.org.uk/news/protests-prevent-british-mining-company-gcm-visiting-mine-site-bangladesh-%E2%80%93-director-resigns.)

On 8 February, the company announced that “William McIntosh has been removed as a Director of the Company and his employment terminated.”

How much more will investors put up with before GCM does the decent thing and abandons the Phulbari project?

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