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
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?