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By: BankTrack
Created before Nov 2016
Last update: 2016-10-31 17:17:32

Contact:

Kate Hoshour,
International Accountability Project

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Sectors	Coal Mining
Headquarters
Ownership	GCM is quoted on the London Alternative Investment Market (AIM). It was admitted to AIM on 19 April 2004.
Subsidiaries
Website	http://www.gcmplc.com/

About GCM Resources

GCM Resources is a resource exploration and development company. It is the lead company developing the Phulbari Coal Project in North-West Bangladesh. GCM is awaiting approval from the Government of Bangladesh to develop the Phulbari Project.

Impacts

Environmental and climate impacts

The Phulbari Coal Project in North-West Bangladesh, a massive open-pit coal mine, will displace up to 220,000 people and threatens the Sundarbans, one of the world's largest remaining mangrove forests and a UNESCO World Heritage site.

GCM Resources is the subject of a complaint to the OECD filed by BankTrack members World Development Movement and International Accountability Project, regarding severe human rights violations associated with the planned coal mine.