LA COLOSA GOLD MINE, COLOMBIA

That this House expresses its concern about the devastating environmental impacts that the proposed La Colosa opencast goldmine in Colombia will have on a region of considerable biodiversity and importance for food production; further expresses concern about potential violations of human rights that often coincide with the presence of such projects; notes that the company in question, AngloGold Ashanti, has a track record of environmental and human rights abuses in Africa; further notes that the same company, despite having a listing on the London Stock Exchange (LSE) and 12 per cent. of its investors from the UK, is not subject to the Organisation for Economic Co-operation and Development Guidelines for Multinational Enterprises; and consequently urges the Government to enforce stricter regulation so that companies listed on the LSE cannot evade accountability.