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.
The Phulbari project is strenously opposed by communities which would be removed to make way for the mine. See
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: