Consider De-listing of Global Coal Management from London Stock Exchange

12 Climate Justice Organisations Calling Upon Chief Financial Officer at London Stock Exchange

 

A letter signed by a coalition of 12 organisations to Chief Financial Officer of London Stock Exchange, David P Warren, demands the Financial Conduct Authority (FCA) must undertake an impartial enquiry into GCM’s unethical business. The letter asks that FCA must establish that the company holds a valid license for mining in Phulbari or LSE must de-list GCM from the London Stock Exchange by Friday, 23rd August. The coalition warns that failure to respond to the letter would mean that LSE faces essential action. The letter has been delivered to David P Warren by the City Sprint Courier Service and was later handed over again by the City of London police during the Black vigil at LSE on Friday. The letter with full list of signatories is as follows.

Dear Mr David P Warren,

We write to you in regard to an urgent investigation and overdue de-listing of a fraudulent company on the London Stock Exchange (LSE). The company is called the Global Coal Management Resources plc. (GCM), formerly known as “Asia Energy”. GCM is listed as a mining company on the London Stock Exchange’s Alternative Investors Market (AIM). They are selling shares in London’s share market in the name of a project called “Phulbari coal project”, which does not exist. The company do not hold any valid asset to operate in Phulbari and do not have permission for mining anywhere in the world.

We would like to draw your attention to fraudulent activities of GCM, and would like to hand over some key documentation about the company’s fraudulent business, thereby asking you to undertake an urgent enquiry into GCM’s business and consider de-listing GCM from LSE.

Under the coalition of Phulbari Solidarity we are campaigning alongside groups in Bangladesh to raise awareness about the human rights abuse, ecocide, and fraudulent business of GCM, who want to build a massive open-cast coal mine in Phulbari, the only flood protected location in northwest Bangladesh. Due to severe level of human rights violation by GCM’s Bangladesh subsidiary, Asia Energy, in Phulbari the government in Bangladesh declined to renew the company’s licence in 2010. Yet the company, currently listed on AIM, continues to grab money by selling deceitful shares on Phulbari coal project’s name in London’s share market.

Bangladesh government reiterated that the Phulbari project is unlikely to go ahead and that GCM will never be given permission to return to Phulbari or northwest Bangladesh for coal extraction. The government has overturned their right to mine in Bangladesh about a decade ago.

Given the LSE’s remit in overseeing the conduct of the AIM-listed companies, we are asking that the Financial Conduct Authority (FCA) undertakes an impartial enquiry into GCM’s unethical business and establish that the company holds any valid license for mining in Phulbari or abroad with a view to review the company’s listing within the London Stock Exchange.

We ask you to kindly respond to our call for investigation by Friday the 23rd of August.

GCM is one of a string of London listed mining companies linked to the murder and ‘massacre’ of protesters, including Lonmin, Glencore, Kazakhmys, ENRC, Essar, Vedanta, Anglo Gold Ashanti, African Barrick Gold and Monterrico Metals. We note the failure of the Financial Conduct Authority and the London Stock Exchange to investigate or penalise any London listed mining company on these grounds is bringing the LSE into disrepute.

This 26th August marks 13th anniversary of the Phulbari killing when three young people were shot dead and more than two hundreds injured in a non-violent demonstration of 80,000 people who marched against plans by GCM in Phulbari. The day has nationally been called the Phulbari Day since. Powerful resistance in the aftermath of the shooting in Phulbari has put a decade long halt to the project. Following the killing of people in Asia Energy’s incited violence Bangladesh government has declined to renew the company’s contract to operate in Phulbari.  Despite no valid contract for mining, GCM is selling shares and cheating on the UK’s share market.

We have previously written about this to you and to Mr Xavier Rolet KBE, the former Chief Executive of London Stock Exchange. We also proposed for a meeting to discuss the matter in 2016. Nevertheless there was no response.

We would appreciate it if you can respond to our demand before Friday 23rd August. If not, we ought to take further steps to hold London Stock Exchange to account.

In support of our concerns we are enclosing some key documentary evidence:

  1. OECD complaint about GCM-led human rights abuse and corruption in Bangladesh submitted to and accepted by UK National Contact Point.
  2. Report on the cancellation of contract with Bangladesh government.
  3. Reports on GCM’s deceitful sales of their shares in the name of Phulbari Project.
  4. Evidence of GCM’s continuous violence and harassment of opponents to the project.

 

If you need further information, please feel free to contact us (as per below contact details).

We look forward to hear from you in due course.

Yours Faithfully,

Dr Rumana Hashem, Co-ordinator, Phulbari Solidarity Group.

Dr Akhter Sobhan Khan, Member secretary, the Committee to Protect Natural Resources of Bangladesh, UK branch.

Alejandra Piazzolla, Spokesperson, Extinction Rebellion Youth.

Alfredo Quarto, Director, Mangrove Action Project, US.

Angela Ditchfield, Director, Christian Climate Action.

Johan Frijns, Director, Bank Track.

Kofi Mawuli Klu, Joint Co-ordinator, Extinction Rebellion International Solidarity Network.

Knud Voecking, Director, Urgewald e.V., Germany.

Nick Bryer, Europe Campaign Manager, 350.org.

Nils Agger, Co-founder, Extinction Rebellion, UK.

Richard Roberts, Spokesperson, Reclaim the Power

Samarendra Das, Chair, Foil Vedanta.

#PhulbariDay #CoalMurder

Protesters Call To DE-LIST Global Coal Management PLC.From London Stock Exchange

Commemoration and celebration go together at London Stock Exchange 26 August 2016 Photocredit Peter Marshall

Commemoration and celebration go together at London Stock Exchange 26 August 2016 Photo credit Peter Marshall

PHULBARI DAY VIGIL TURNS INTO HEATED DEMO

By Paul Dudman

 

Friday the 26th August, marked a decade of halt to plans by an AIM-listed British company, Global Coal Resources Management (GCM), who want to build a massive open cast coal mine by forcibly displacing 130,000 people in Phulbari, northwest Bangladesh. A four day long Commemoration for victims of Phulbari outburst, where three protesters were shot dead by police in 2006, was held in Dkaka, Dinajpur, Phulbari, London and Germany. On the final day of remembrance, on 30th August, the National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports in Bangladesh has declared a fresh programme in Phulbari to kick GCM out of Bangladesh as the CEO of the company has recently filed multiple arbitrary charges against indigenous farmers, small businessmen and local leaders who opposed the mine.

 

In response to the call by National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports in Bangladesh, community activists under the banner of Phulbari Solidarity Group and Committee to Protect Resources of Bangladesh held a colourful and powerful commemoration rally and protest at London Stock Exchange , calling for the de-listing of the company from London Stock Exchange. Despite heavy securitization and repeated attempts of interruption by British police, angry protesters blocked the pavement of the main entrance of London Stock Exchange for two hours and demanded immediate de-registration of GCM for its unethical business, deceitful marketing of Phullbari project, and for human rights abuse in Dinajpur and Phulbari. Of what was meant to be a Red Vigil for Victims of Phulbari has turned into a commemoration come noise demo as the CEO of London Stock Exchange, Xavier Rolet KBE, failed to respond to the protesters’ call for de-listing of GCM. The Phulbari Solidarity Group has contacted the CEO of London Stock Exchange and submitted evidence of unethical business of the company before the demo.

 

Police objects to PSG Founder Rumana Hashem to remove the banner from the pavement copyright Peter Marshall

Police objects to the blockade of LSE pavement but  PSG Founder Rumana Hashem says:” the banner for the victims will not be removed.” Photo credit: Peter Marshall

A remembrance vigil was held, followed by an angry demo with Santal and Tamil drumming, and ended with tribute by flowers and candles being paid to the three people who were killed by paramilitary force, allegedly paid by the company, in Phulbari on 26 August in 2006. Wearing masks of Gary Lye (CEO of GCM) and Michael Tang (the Chairman of the company), the protesters sang Phulbari jingles against coal mine. The protest observed a three-minute silence for the three victims, Al—Amin, Salekin and Tariqul, who died in the Phulbari shooting. Dressed in red, blue and black, protesters laid down a banner for victims, stating “YOUR DEATH WILL NOT BE IN VAIN”, on the pavement of the London Stock Exchange. Protesters from Bangladesh were joined by international and British environmental campaigners, and advocates for human rights, anti-mining movement and workers rights.

Shameless Gary Lye and Blatant lyer Michael Tang dance with coal over deadbodies Photocredit Peter Marshall

GCM CEO Gary Lye and company Chairman Michael Tang stood as numb and blatant guilty copyright Peter Marhsall

GCM CEO Gary Lye and company Chairman Michael Tang stood as numb and blatant guilty. Photocredit: Peter Marhsall

 

 

Dressed in red, blue and black protesters outside the London Stock Exchange paid a two-hour homage to the victims. A banner, stating “YOUR DEATH WILL NOT BE IN VAIN” was laid on the pavement of the London Stock Exchange Group’s Headquarter for International Trading.

 

Hand-painted banner for victims of Phulbari shooting. Photocredit: Peter Marshall

Hand-painted banner for victims of Phulbari shooting. Photocredit: Peter Marshall

Protesters from Bangladesh were joined by international and British environmental campaigners, and advocates for human rights, anti-mining and workers rights. Among others, Foil Vedanta, European Action for Climate, London Mining Network, Global Justice Campaign, the Socialist Party of England and Wales, Tamil Solidarity and Voice of Freedom have made it explicit that they will stand with Phulbari people in their struggle. The sound of compassion, sadness, empowerment and resistance echoed in the protest, and the firm speeches by passionate activists and outrageous crimes by British multinational companies overseas was heard by the entire Paternoster Square on Friday – although none from London Stock Exchange seemed concerned about these crimes.

 

Simultaneously, tributes were paid to the victims of Phulbari at National Martyrs Monument in Dhaka, and red vigil and cultural events took place in Phulbari under the banner of National Committee to Protect Oil, Gas, Mineral Resources, Power and Port in Bangladesh (NCBD in short). In the four-day commemoration events (26-30 August) and celebration of the halt, they demanded the ban of the company in Bangladesh for its ongoing abuse of activists in Phulbari and increasing corruption in Bangladesh.

 

 

Christine Hague of Global Justice told how partially OECD complaint agaisnt GCM was treated by UK NCP Photocredit Peter Marshall

Christine Hague of Global Justice told how partially OECD complaint against GCM was treated by UK NCP. Photo credit: Peter Marshall

The company has been allegedly involved in various forms of abuse and harassment of local activists and opponents of the proposed Phulbari mine. Media report on the brutal death of Nasrin Huq , the former executive director of Action Aid in Dhaka, revealed that in 2005 Huq was killed brutally in her car park for her opposition to the project. A report to which the company was unable to respond was published in the Observer.[i]  Later in 2006 three people were shot dead and two hundred injured in a demonstration of 80,000 people who marched against plans by the company. Local organisers have reported that the company has bribed the paramilitary personnel and forced them to open fire against the decision of the Police Magistrate on duty who stated that there was no permission for shooting on people. There were over 200 people injured and many abused on the same day. The day has been called Phulbari Day since, and powerful resistance in the aftermath of the shooting against open-cast mine in Phulbari has put a decade long halt to the project. Government has cancelled the company’s license. But the company has been pushing the government to give them a go ahead.

 

Shameless Gary Lye and Michael Tang dance with coal over deadbodies Photocredit Peter MarshallThe company’s CEO, Gary N Lye, has been allegedly harassing opponents of the project and the company has been extremely abusive to indigenous farmers, local organisers of Phulbari outburst, and small business entrepreneurs who demanded the company’s ban in Phulbari. After the shooting and deaths of three people on 26 August in 2006, Gary Lye stated that he is businessman and he understands nothing but coal. In a live interview with Farzana Rupa on ATN Bangla TV, Lye said: “I am a businessman , my business is to extract coal. It is not my business to know who dies and who cries” (ATN Bangla News, 26 August 2006).  Locals have declared that this CEO is unwanted in Phulbari and when he attempted to re-enter Phulbari town he was resisted by locals in November 2014.

 

Last month, a day before the International Mangrove Action Day when Bangladeshis was focused on the controversial deal on Rampal power plant, the company has filed multiple cases against 26 key indigenous organiser’s, local leaders, farmers, small scale business entrepreneurs and students who opposed the mine in Phulbari. The arbitrary charges formed on 25 July, 2016, at Dinajpur Magistrate Court appeared as extremely abusive and the next hearing on 7 September will be a crucial day for all those fighting the fraught.

 

The NCBD has declared a fresh programme on Phulbari Day to fight GCM and ban the Phulbari project. This includes rally demanding a ban of the company in Phulbari on 25 October, blockade of the Dinajpur District Commissioner’s Office on 21 November and half-day strike in Phulbari on 21 December. If demands are unfulfilled by December, intense and unending strike would start. Phulbari Solidarity Group believes that that this will not be needed as activists in London will hold the company to account and will ensure a ban of GCM from London Stock Exchange before the end of this year.

Paying tribute to the victms of Phulbari with flowers and by lighting candles on 26 Aug 2006 at London Stock Exchange

Paying tribute to the victms of Phulbari with flowers and by lighting candles on 26 Aug 2006 at London Stock Exchange. Photo credit: Kerima Mohiuddin

 

Although GCM does not have a valid contract with Bangladesh, they are selling shares in the name of Phulbari project. The company has changed its name from Asia Energy to Global Coal Management in 2010, and continued lobbying for Phulbari coal mine in Bangladesh. If the mine is built, 130,000 families of farmers in Phulbari would be forcibly displaced. It would destroy 14,600 hectares of highly cultivable land, would pose threats to clean water resources and would leave devastative impact on one of the world’s largest mangrove forests and UNESCO heritage site, the Sunderbans.  Despite grave concerns at national and international level, and declaration made by seven UN rapporteurs, GCM is pushing the government to give it a go ahead.

 

 

Arguments with Police who prohibited Rumana Hashem to display the banner for the victims on the pavement Copyright Peter Marshall Gary Lye and Michael Tang shamelessly danced with coal over deadbodies Photocredit Peter Marshall

Arguments with Police - a community leader tells Police not to interfere with demonstrators. Photocredit: Peter Marshall

Arguments with Police – a community leader tells Police not to interfere with demonstrators. Photo credit: Peter Marshall

 

Phulbari Solidairty Group Founder and an eye witness to the shooting in 2006 lights a cnadle for the victims of Phulbari on 26 August 2006 at London Stock Exchange. Photocredit : Peter Marshall

Phulbari Solidairty Group’s Founder and an eye witness to the shooting in 2006, Dr Rumana Hashem, lights a candle for the victims of Phulbari at the entrance of London Stock Exchange. Photo credit : Peter Marshall

Contact for further information:  07714288221, 07956260791.

Further news, photos and videos:

Ten years of Resistance to Phulbari Open Cast Mine: Peter Marshall’s Mylondondiary.co.uk

A video of the noise-demo to de-list GCM from London Stock Exchange (by Pete Mason of Socialist Party of England and Wales): https://youtu.be/-_cKiRWt9NI

London Stock Exchange targeted by Bangladeshi activists: Foil Vedanta report

Phulbari Day protest outside London Stock Exchange: Begum24.com by Ansar Ahemd Ullah

[i]  The mystery death of Nasrin Huq –a report to which the company was not able to respond to, was derived from http://www.guardian.co.uk/world/2006/sep/03/bangladesh, last cited on 01. 01. 2013

An Eye Witness of the shooting and outburst in Phulbari: Keeping Coal Resources under the Ground with Blood, A Different Revolution

New Programme to Kick GCM out of Bangladesh declared on Phulbari Day: BNP is Not our Friend