City Diary: Santa visits GCM Resources, but investors are left wanting

News story on the GCM AGM published by The Daily Telegraph (UK) on the 3 January, 2013:

City Diary: Santa visits GCM Resources, but investors are left wanting

By Harriet Dennys

Environmental activist Ashley Feils was evicted from the GCM Resources AGM after presenting chairman Gerard Holden with a stocking full of coal

Environmental activist Ashley Feils was evicted from the GCM Resources AGM after presenting chairman Gerard Holden with a stocking full of coal.  Photo Credit: Anonymous.

Where now for GCM Resources’ controversial mining project in Bangladesh, after a protestor dressed as Santa Claus stormed the company’s pre-Christmas AGM and deposited a stocking full of coal in the lap of chairman Gerard Holden?

It seems the Aim-listed miner has already shrugged off the scenes of the St Nicholas imposter – 19-year-old grass-roots activist Ashley Feils of the Climate Justice Collective – being frogmarched out of the meeting at the Institute of Directors.

A spokesman says GCM Resources is still “very committed” to getting the project approved, and plans to meet Bangladeshi prime minister Sheikh Hasina “as soon as possible” to discuss how the project can address the country’s energy needs.

The groups opposing the mine say the Phulbari Coal Project could displace 220,000 people. Not so, responds GCM, which claims 40,000 people will be resettled over 10 years, and that 17,000 new jobs will be created as the open-pit coal project develops.

“We welcome the opportunity to speak in a constructive dialogue with any group, but have not yet been taken up on this offer,” says GCM, which has reassured shareholders it is “aware” of their frustration.

Link to article.

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Protesters ask Asia Energy to remove local offices by Mar 30

News coverage published in New Age of the demonstration that took place in Phulbari on the 1 January, 2013:

Protesters ask Asia Energy to remove local offices by Mar 30

The organisations doing movement against opencast mining of Phulbari coal mine by British company Asia Energy gave an ultimatum on Tuesday to withdraw its local offices by March 30.

Local unit of the National Committee to protect Oil, Gas, Mineral Resources, Power and Ports and Phulbari Peshajibi Sangathan said the company must remove its two offices from Phulbari by that date.

The establishments will be destroyed if the company fails to heed to the demand by March 30, the protesters threatened.

The two organisations from separate rallies at Phulbari gave the ultimatum. They also brought out processions before the rallies.
The speakers at the rallies restated their condemnations of the government, saying that by favouring Asia Energy and its open-pit mining proposals it pushed the people of Phulbari towards absolute uncertainty.

National Committee Phulbari unit leaders Aminul Bablu, Joy Prakash Gupta, Shikder Sarker, Syed Saiful Islam Jewel and Phulbari Peshajibi Sangathan convener Murtoza Sharker Manik spoke at the rallies, among others.

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The following photographs were taken at the rally in Phulbari and are copyright of the National Committee of Bangladesh.