Corporate accountability

CSO letter to World Bank President re CAO report on Bulyanhulu mine

December 12, 2002

Mr. James Wolfensohn
The World Bank Group
1818 H Street, N.W.
Washington, DC 20433 U.S.A.

Dear Mr. Wolfensohn,

We are writing to express dismay at the recent Compliance Advisor/Ombudsman report on the MIGA guarantee of the Bulyanhulu gold mine and to request your urgent intervention.

The CAO is a mechanism that non-governmental organizations have pushed hard to establish. Your personal support for the initiative played a major role in ensuring that the CAO was established. As all parties have observed, the CAO's effectiveness rests on the respect and trust it enjoys amongst the public: integrity, transparency, even¬handedness and thoroughness are thus critical to all aspects of its work.

Letter to Canadian Fund Managers Re: Rosia Montana - November 8, 2002

November 8, 2002

Dear Fund Manager:

I am writing to call your attention to the controversy surrounding Gabriel Resources Ltd. and their proposed open cast gold mine in Romania. I am writing on behalf of the Halifax Initiative, a Canadian coalition of non-governmental organizations working together to monitor international financial institutions and their projects. Our members include Oxfam Canada, West Coast Environmental Law Association and Kairos Canada. We are also working closely with a coalition of people in Romania, actively opposing the proposed mine.
Your company may be considering investing in this project or may have already done so.  We are writing to highlight the risks involved in making such an investment in Gabriel Resources and the Rosia Montana mine.
(1) Commercial Risk


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