September 2012 – Page 15 – Republic of Mining

The fundamental attraction of gold and gold stocks – Don Coxe – by Peter Byrne (Mineweb.com – September 1, 2012)

September 2, 2012

www.mineweb.com

Don Coxe* explains how demographic shifts are affecting the price of gold and delves into the logic of investing in gold as a long-term strategy. Interview with The Gold Report.

TORONTO – The Gold Report: What fundamentally attracts you to gold?

Don Coxe: There are many serious reasons why I like gold, but one very important reason has to do with the shift in the share of world gross domestic product away from the highly industrialized nations toward emerging economies in Asia. For thousands of years, people in China and in India have respected gold. The Western countries, on the other hand, were captivated some decades ago by economists who claimed that gold had become irrelevant as money. But the Chinese and Indian people hoard gold as a store of value and trade it as a treasured commodity.

TGR: Are the pricing mechanisms for gold shifting toward control by the East?

DC: Consider an art auction. If a bidder who 10 years ago only bought one painting suddenly buys 50 paintings, that bidder will greatly influence subsequent bids for the art. In China and India there are suddenly many more wealthy people than they’ve had for millennia.

[Sudbury’s Laurentian University mining education] LU reaches for the top – by Mary Katherine Keown (Sudbury Star – September 1, 2012)

September 2, 2012

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

Perhaps the seed was planted one night in a five-star dream — an omen for the next five years detailing grandeur of the academic kind. Dominic Giroux, the president and vice-chancellor of Laurentian University, announced in June the board of directors had approved the budget for the school’s five-year strategic plan (2012-17). Developing the plan was a labour of love, which required 12 months and hundreds of stakeholder consultations. Giroux was wary of developing a one-size-fits-all plan, with the committee opted instead for a signature document that is undoubtedly Laurentian.

“Often universities develop very long and extensive strategic plans that convey their commitments to excellence in teaching, research and community engagement, but it’s hard to distinguish their true strategic directions from other universities,” he says. “One of the reasons we’re proud of our strategic plan is that if you remove the words ‘Laurentian University,’ anyone who reads it will recognize Laurentian.”

The plan is ambitious and broad. In just 20 pages it addresses student satisfaction, academic excellence, community engagement and national recognition, a point of which Giroux is especially proud. It plays on the school’s established strengths and takes advantage of its geographic location.

[Ontario] Nuclear waste seeks a home – by John Spears (Toronto Star – September 1, 2012)

September 1, 2012

The Toronto Star has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Picture this: you’ve lived in the same house for more than half a century, and never taken out the garbage. Instead, you’ve sorted it carefully into the easy stuff like scrap paper, and the not-so-easy stuff, like the pot of left-over clam chowder you made in 1994.

Then you sealed it all in boxes, labeled them, and locked the stuff in the basement, promising some day to find a better place for it.
Now, picture Canada’s nuclear industry.

Since the 1960s, nuclear power plants have generated more than two million bundles of highly radioactive used fuel. And they’re all still stored on the sites of the plants that produced them. But the pace of finding a site to store Canada’s most potent radioactive waste permanently is about to pick up.

Twenty Canadian communities have said they’ll consider volunteering to host the storage site. That list is about to close. The Nuclear Waste Management Organization, whose job it is to find and build the site, will stop taking new names on Sept. 30.

Neskantaga will ‘continue to fight’ Ring of Fire despite court ruling – Shawn Bell (Wawatay News – August 31, 2012)

September 1, 2012

Northern Ontario’s First Nations Voice: http://wawataynews.ca/

Neskantaga Chief Peter Moonias says his community will continue to fight to slow down the Ring of Fire, just days after Ontario’s Mining Commissioner ruled against the First Nation on it’s case targeting a north-south road to the development.

Moonias also told Wawatay News that he remains committed to laying down his life to block a bridge being built over the Attawapiskat River.

“We will continue to fight, (with) whatever means we can,” Moonias said. “And I will stand by what I said before. I am not backing down on it, regardless of what Cliffs will do in there. I’m not backing down a bit. My people are prepared to do that. We are serious when we say something.”

The Ontario Mining Commissioner, Linda Kamerman, dismissed Neskantaga court case in a decision released Aug. 24. Neskantaga had gone to the mining court attempting to be named a landholder in a dispute over mining claims between Cliffs Natural Resources and Canada Chrome Corporation (CCC).