Feb 11, 2016 by members

Mining in Mongolia endangers environment and communities

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Accountability Counsel, CEE Bankwatch Network, Bank Information Center and Oyu Tolgoi Watch warn of irreversible damage to environment and herder communities in Mongolia’s Gobi desert if mining expansion proceeds. The mine is being financed by the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO), and via the largest syndicated loan ever by the European Bank for Reconstruction and Development (EBRD).
Read the press release here.