Letter to EBRD: Don't support gold exploration in UNESCO site in Russia

In August 2011, the European Bank for Reconstruction and Development (EBRD) announced that it was acquiring a stake in GV Gold, one of Russia’s top gold producers, stressing the company's willingness to meet the Bank’s environmental and social requirements.

A GV Gold subsidiary, however, carries out prospecting and plans to mine gold on a territory that is located in its entirety in a UNESCO World Natural Heritage property.

The EBRD's resonse from November 18, 2011, which states that GV Gold disinvested in it's subsidiary, can be downloaded as pdf.