CAO - Review of Marlin Mine - August, 22, 2005

Internal Review Slams World Bank over Lapses at Guatemala Mine - Backgrounder

August 22, 2005

A forthcoming report by the Compliance Advisor Ombudsman (CAO), a body responsible for conducting internal reviews at the World Bank’s private sector lending arm, the International Finance Corporation (IFC), identifies glaring deficiencies in the due diligence the institution conducted for a controversial new gold-mining project in Guatemala. The project, currently under construction by Canadian company Glamis Gold in Guatemala’s indigenous western highlands, has been surrounded by controversy and conflict since before the IFC approved $45 million in support for the project in June 2004. In January of this year, a forty-day protest by local villagers worried about the mine’s potential environmental impacts ended in bloodshed as security forces clashed with protesters, resulting in one death and dozens of injuries.

Press Release - August 22, 2005

Leaked Review Slams World Bank over Canadian Mine

August 22, 2005 - A leaked internal audit assessing the World Bank's involvement in a controversial Canadian gold mine in Guatemala has exposed glaring deficiencies in the due diligence undertaken by the Bank prior to approving a $45 million loan for the mine.

Glamis Gold's Marlin mine in the Western Highlands of Guatemala has been plagued with controversy since the outset. In March, the Compliance Advisory Ombudsman (CAO), the internal auditor for the Bank's private sector lending arm, the International Finance Corporation (IFC), began an investigation after receiving local complaints about the mine.

Press Response - April 26, 2005

Canadian mine strikes lode of unrest

The debate over the presence of a gold mine in Guatemala has resulted in a call for 'urgent action' by Amnesty International.

Kelly Patterson
The Ottawa Citizen
Tuesday, April 26, 2005

Violence over a Canadian gold mine is threatening the fragile peace in Guatemala, which is still reeling in the aftermath of its 36-year civil war.

Clashes over Glamis Gold Ltd.'s fledgling project 130 kilometres northwest of Guatemala City have escalated recently, with a car bombing and two killings.

Amnesty International issued a call for "urgent action" last week after three opponents of the mine received death threats. Anti-mining activists have in turn menaced Glamis staff, the company says.

Monthly Issue Update - January 2005

Chirac Proposes International Taxes to Fight Poverty
French President Jacques Chirac, speaking at the World Economic Forum in Davos, Switzerland, called on all developed countries to substantially increase aid budgets to meet the Millennium Development Goals (MDGs). Taxes designed to skim some of the wealth generated by globalization include levies on crossborder financial transactions, taxing aviation and shipping fuel, environmental taxes and air travel charges.


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