World Bank approves destructive mining project in Indonesia  http://yubanet.com/world/World-Bank-approves-destructive-mining-project-in-Indonesia.php

 An international civil society coalition today condemned the World Bank for approving support for a destructive nickel mine that would displace Indigenous Peoples, destroy vast areas of intact tropical forest, and threaten rivers and the ocean with sediment and toxic chemicals. The Board of Directors of the World Bank Group yesterday approved a guarantee by the Bank's Multilateral Investment Guarantee Agency (MIGA) for the Weda Bay Nickel mine. Of the 23 Executive Directors of the World Bank, only the US Director abstained from the vote.

Indonesian-based WALHI and DC-based EARTHWORKS and Bank Information Center joined JATAM, KIARA, KAU and other Indonesian groups today in declaring that the approval of a $207 million guarantee application for a risky and damaging nickel and cobalt mine demonstrates the fundamental flaws of the World Bank's procedures, polices, and practices on extractive industry.