Archive for the ‘Cyanide’ Category
The Colorado Supreme Court has just restored sanity to mining in Colorado. Basically the justices decided that the state has a “dominant interest” in the regulation of mining activities and individual counties cannot go doing all sorts of weird and wonderful things to regulate mining.
Is the Colorado Mining Association just being cautious or coy in not coming to the rescue of a politician who once stood up for the use of cyanide? Here are some of my thoughts on the scrap to get to Congress between three Colorado politicians who are invoking, or failing to invoke, their past support for or hatred of the mining industry.
Posted in About the news, communication, Community relations, Cyanide, decomissioning, due dilligence, health, health and safety, Human relations and mining, Investing & Finance, North America, People, safety on January 21, 2008 | 1 Comment »
Christopher Lind, a theologian at some Toronto University writes a try-to-feel-good attack on mining entitled Mining Companies Challenged by Demands of Ecojustice. Because he attacks without substance, I feel it fair to counter with vigour. The good Anglican starts by asking a perfectly reasonable question:
Is social justice compatible with environmental justice? If social justice requires economic expansion and environmental justice requires industrial regulation, aren’t these two concerns moving in the opposite direction?
Sadly he does not answer his question, or even begin to analyse the issues involved in this obvious conflict. Instead he takes a few low pitches, routine mumblings really, at oil prices, cyanide, tailings in lakes, Canadian mines doing bad things in South America, and then in a crescendo of irrelevance concludes:
From the Costa Rica Tico Times comes a long article on the human impact of the closure of the Glencairn Bellavista mine as a result of the downhill sliding of the heap leach pad.
As told in the Tico Time we learn of the joys of a mine bringing money and employment to the locals, only to have the mine shut down a year or two later. We learn of folk who foretold the fiasco the mine has become. We learn that the Costa Rican government has four to ten million dollars of the mine’s equipment locked up as a sort of security to fix the situation. It takes no great insight to predict that it will cost a lot more than that to restore the site to some sort of acceptable condition–it is clearly geomorphically unstable, and topographic change is inevitable.
The story as told superbly by reporter, Dave Sherwood, presents a challenge to all professors of Sustainable Mining: in short, explain this one in theoretical terms. The story presents a challenge to those who seek to hold Canadian mining companies operating in foreign countries to the same standards as mines in Canada; in short, to which Toronto court would you now drag the newly named company, Central Sun Mining (formerly Glencairn.) And it presents a challenge to investors: are you prepared to put more money behind Peter Tagliamonte as he seeks to open a new mine in Nicaragua.
The Bellavista Heap Leach Pad is failing: the whole mass appears to be sliding down the hill. Since we first wrote about this situation, things appear to have progressed downhill, both institutionally and physically.
The company that developed the mine, Glencairn, appears to have or is about to: (a) suffer a share value decline; (b) post a loss; (c) change its management; (d) change its name: (e)abandon Costa Rica; and (f) flee to Nicaragua. At least that is what I read from this news report:
If this is all true, then we should all be beating a path to their door. The report by that (normally) superb reporting group Mineweb, reads (in part):
Haber Inc an Arlington, USA-based scientific research company that claims to have developed a technology for the environmentally friendly processing of gold-bearing ores, will seek gold in Ghana after forming a joint venture with junior miner Etruscan Resources Inc. Haber, which says that it controls “a number of innovative technologies in the areas of separation science, extractive metallurgy and medical diagnostics”, intends to put its expertise to use at the 1,331 square-kilometre gold concessions in the Sefwi Volcanic Belt and the Kumasi Sedimentary Basin of south-western Ghana if the joint venture decides to mine. Under the agreement, Haber retains the right to unilaterally explore, mine and process all alluvial gold on the properties, so long as such activity does not interfere with the joint venture’s mining operations or objectives.
To do a little homework before investing, I decided to look at the Haber site. It too is too good to be true. There is a lot of writing on the site—most is inspirational. I select a few quotes to give you the flavor and help you decide if you want to go take a look too before investing.