Energy & Extractive Industries | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/extractive Home IssuesEnergy & Extractive Industries Energy & Extractive Industries Overview Background Concerns Problem Projects Updates Resources Contacts Ghana \| US$470.00 million Ahafo Gold Mine Status: Active Open-pit cyanide processing gold mine will physically and economically displace nearly 10,000 people in its first phase alone Read more Azerbaijan \| $3.2 billion \| 2003 – 2008 Azeri-Chirag-Gunashli Phase I Status: Completed Environmental problems cloud Caspian consortium of oil fields feeding the BTC Pipeline Read more Azerbaijan, Georgia, Turkey \| US$3.6 billion \| 2003 – 2009 Baku-Tbilisi-Ceyhan (BTC) Pipeline Project Status: Active Controversial pipeline monitored for adherence to IFC and EBRD policies and to international standards Read more Kazakhstan Bautino Atash Marine and Supply Base Status: Active Bautino Project raises environmental and health concerns Read more Uganda \| $800 million \| 2007 – 2010 Bujagali Hydroelectric Project Status: Active Costly, unsustainable dam on the White Nile opposed by local civil society organizations. Read more Peru \| US$135.00 million \| 2003 – 2005 Camisea Natural Gas Project Status: Completed Exploration, extraction, and transport activities have led to degradation and conversion of critical natural habitats Read more Chad, Cameroon \| US$4200.00 million Chad-Cameroon Oil Pipeline Project Status: Active One of the most controversial World Bank projects ever, this $4.2 billion pipeline fails to beat the "resource curse" Read more Kyrgyz Republic Kumtor Mining Project Status: Completed, mine active Kyrgyz mine's consequences include dangerous conditions and multiple toxic spills Read more Cameroon \| US$200.00 million Lom Pangar Dam Status: proposed -- financing not yet approved Proposed dam would meet industrial energy needs, rather than those of rural poor, and would flood 30,000 hectares of tropical hardwood forest, threaten biodiversity, and submerge part of oil pipeline. Read more Azerbaijan, Georgia Lukoil Overseas – South Caucasus Pipeline Status: Active The South Caucasus Pipeline shares the same corridor, as well as social and environmental concerns, as the controversial BTC Pipeline Read more Kazakhstan \| US$150.00 million Lukoil Overseas (Karachaganak Oil Field) Project Status: Active Village threatened by high levels of toxic substances Read more Temirtau, Kazakhstan Mittal Steel Status: Active Arcelor Mittal Temirtau has received numerous loans from the IFIs, despite its problematic track record. Read more Lao PDR \| US$1300.00 million \| 2005 – 2009 Nam Theun II Hydropower Project Status: Active Partly built dam has already caused significant environmental destruction Read more Bangladesh \| $300 million Phulbari Coal Project Status: Proposed ADB Private Sector Project; Due Dilligence Mission:21 Feb 2006 to IV Apr 2008 (estimated); Private Sector Committee Meeting: IV May 2008 (estimated); Board Approval: 03 Jun 2008 (estimated) ADB’s Private Sector Arm Considering Funding Controversial Coal Project in Northwest Bangladesh Read more Russia \| $264 million Russkiy Mir II Status: Active Oil and gas oil terminal funded by the IFC has serious environmental and social effects but does not heed local complaints Read more Russia \| Phase 1: US$780 million Sakhalin II (Phase 1 and 2) Status: Phase 1 completed, Phase 2 passed final review but was rejected by the EBRD The Sakhalin II project is the second consortium to extract gas and oil reserves from the far eastern Russian island. Read more Nigeria, Benin, Togo, Ghana \| US$500.00 million \| 2004 – 2007 West African Gas Pipeline Project Status: Active Local groups say project will not end gas flaring, could exacerbate conflicts in the Niger Delta Read more Archived Problem Projects BIC has worked on these projects in the past, but is no longer actively covering them. Tanzania Bulyanhulu Gold Mine Project Read more Katanga Province, Democratic Republic of Congo \| US$33.00 million Dikulushi Copper Silver Project Status: Approved May 3, 2005 Local groups concerned about corruption, impact on conflict Read more Guatemala El Proyecto Mina Marlin Read more Ghana Ghana Australian Goldfields Project - Iduapriem and Teberebie Goldmines Read more Ghana Ghana Mining Policy Read more Burma Hydropower Development (Dams) in Burma Read more Botswana Kalahari Diamonds Limited Project Read more Democratic Republic of Congo \| US$50.00 million Kolwezi (Kingamyambo) Status: Approved May 12, 2005 Copper-cobalt tailings project, to re-process mineral waste from old Gecamines mines in Katanga Province Read more Mozambique Mphanda Nkuwa Dam Project Read more Nigeria Niger Delta Contractor Revolving Credit Facility The International Finance Corporation (IFC), Royal Dutch Shell and Diamond Bank of Nigeria have each committed one third of the $30 million investment required to establish the Niger Delta Contractor Revolving Credit Facility, through which a local bank in the Niger Delta will extend loans to contractors working for Shell and its affiliates. Read more Romania Rosia Montana Gold Mine Project Status: Continuing with private funding Huge open cast gold mine to flood valley with cyanide leaching pond Read more Mali Sadiola Gold Mine Project Read more Mozambique, South Africa Sasol Natural Gas Project Read more Mexico Termoeléctrica del Golfo Project Read more Argentina, Paraguay \| US$510.00 million \| 1979 – 2000 Yacyretá Hydroelectric Project Status: Closed Civil society groups argue that public consultation has been minimal to non-existent and that compensation and relocation packages for affected peoples have been inadequate. Read more Print this page Email this page		Search Key Issues Accountability Debt Energy & Extractive Industries Environmental & Social Policies IFI Governance Infrastructure Trade Transparency U.S. Government Oversight Stay Informed! Sign up for our e-newsletters. Sign up

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