Mines and Communities reports that “one of the most vilified mining proposals of recent years has hit a major stumbling block, as its key financial backer suspends support. Early this month, in a statement to opponents of the Phulbari coal mine in Bangladesh, the director general of Asia Development Bank (ADB)’s Private Sector Operations Department declared that his agency would ‘decline the opportunity’ of investing in the project.”

Noted here in January, the Asian Development Bank was considering a plan to give a $100 million loan to GCM Resources, the UK company behind …

With the Asian Development Bank preparing to give a $100 million loan and $200 million political risk insurance package to GCM Resources’ open pit coal mine in Phulbari, Bangladesh - the future of the entire local population becomes evermore uncertain.

On the land they’ve live on for generations, many continue asking themselves questions that no one should have to ask: “What will happen to us if we are forced to move from here? What will happen to our livelihoods? I don’t want us to live like this. Our mosques …