Mining and Oil Sector Image – Page 13

Putting our faith in NGOs the way to go – by Warren Kinsella (Sudbury Star – February 6, 2012)

February 6, 2012

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

QMI Agency

Here’s the truth. It couldn’t have been a very good political fundraiser: None of us can now recall who was speaking. Most likely, it was a Conservative — because we were exiled to the furthest corner in the room, with some of the other Liberals in attendance.

While the speaker wasn’t at all memorable, the pleasant woman at our table was. She was employed by a mortgage broker association.

Asked what was new in her field of work, she said: “Subprime mortgages. We’re quite worried about them. If things unfold the way we think they might, it could be very, very bad.” How bad? she was asked. “They could cause a new recession, we think,” she said.

Subprime mortgages, she explained, were home loans designed to help people who were high risk. Smaller banks in the southern U.S. loved them.

Blood Diamond (Mining Movie – 2006)

February 5, 2012

This information is from Wikipedia, the Free Encyclopedia: http://en.wikipedia.org/wiki/Main_Page

Blood Diamond is a 2006 political thriller film co-produced and directed by Edward Zwick and starring Leonardo DiCaprio, Jennifer Connelly and Djimon Hounsou. The title refers to blood diamonds, which are diamonds mined in African war zones and sold to finance conflicts, and thereby profit warlords and diamond companies across the world.

Set during the Sierra Leone Civil War in 1992-2002, the film shows a country torn apart by the struggle between government soldiers and rebel forces.[1] It also portrays many of the atrocities of that war, including the rebels’ amputation of people’s hands to discourage them from voting in upcoming elections.

The film’s ending, in which a conference is held concerning blood diamonds, is in reference to an actual meeting that took place in Kimberley, South Africa in 2000 and led to the Kimberley Process Certification Scheme, which seeks to certify the origin of diamonds in order to curb the trade in conflict diamonds. The film received mixed, but generally favourable reviews.

Congolese citizens will appeal to Supreme Court in suit against Canadian mining – by Sidhartha Banerjee (Winnipeg Free Press – February 2, 2012)

February 2, 2012

This ariticle came from: http://www.winnipegfreepress.com/

The Canadian Press

MONTREAL – A coalition of human-rights groups say they will make a last-ditch plea to the Supreme Court of Canada in an effort to sue a Canadian mining company on behalf of the victims of a massacre in Congo.

The Canadian Association Against Impunity, a coalition of human-rights groups and non-governmental organizations acting on behalf of Congolese citizens, says it’s imperative that those people have access to justice in Canada. Quebec’s Court of Appeal last week overturned a lower-court ruling from April 2011 that had paved the way for a civil suit to be heard in Canada.

In their claim, the groups had argued that Anvil Mining Limited (TSX:AVM) provided logistical support to the Congolese military as it moved to crush a rebel uprising in 2004.

CIDA funds seen to be subsidizing mining firms – by Daniel LeBlanc (Globe and Mail – January 30, 2012)

January 30, 2012

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

OTTAWA— The Harper government weathered a storm when it cut funding to long-standing foreign-aid groups, but is now facing more controversy over its decision to launch development projects in partnership with mining firms.

The Canadian International Development Agency has established three foreign-aid pilot projects in Africa and South America with large mining corporations, as part of a plan to ensure that foreign aid also fuels economic growth and international trade at home.

Critics argue that Canada is needlessly subsidizing the foreign operations of profitable corporations, but the government is encouraging non-governmental organizations to come up with more projects with the private sector.

Descendant of Jack London opposes [Northwest Territory] mine – by By Stephen Hume (Vancouver Sun – January 28, 2012)

January 28, 2012

The Vancouver Sun, a broadsheet daily paper first published in 1912, has the largest circulation in the province of British Columbia.

Aboriginal opposition to development of silver-zinc deposit in Nahanni National Park Reserve is supported by writer’s great-granddaughter

Celebrated writer Jack London’s great-granddaughter is supporting northern first nations and environmental groups challenging efforts by a Vancouver mining company to redevelop a rich silver-zinc deposit within the Nahanni National Park Reserve.

The park, surrounding the South Nahanni River where it carves through the Mackenzie Mountains about 1,300 kilometres north of Vancouver, has been called Canada’s Grand Canyon.

Last December, the Dehcho First Nations wrote to the federal government saying that a decision by the Mackenzie Valley Environmental Impact Review Board dismissing the need for an environmental impact review for the Canadian Zinc Corp.’s Prairie Creek mine was “troubling and disappointing” in its failure to adequately address their concerns about downstream water quality.

Cleaning up California’s Wild West: EPA takes on polluted mercury mine in San Benito ghost town – by Paul Rogers (San Jose Mercury News – December 4, 2011)

January 28, 2012

This article originally came from the San Jose Mercury News: http://www.mercurynews.com/

Every second of every day it flows: a river of poison gushing from the hillsides.

Forty gallons a minute, 21 million gallons a year. It bubbles and gurgles across the landscape, a bright orange toxic brew, nearly as corrosive as battery acid, teeming with mercury, aluminum, iron and nickel, the legacy of a long-abandoned mine, relentlessly pouring into nearby streams.

For 120 years, the mining town of New Idria in the rugged back country of southern San Benito County was a colorful California outpost, a Wild West community frequented by prospectors and speculators, stagecoaches and famous bandits like Joaquin Murrieta, known as the “Mexican Robin Hood.” Herbert Hoover even owned part of the claim at one point.

Today, after decades of neglect, this remote landscape with so much history may finally have a future.

Conflict mineral readiness: what companies need to know – by Charlene Easton (Canadian Mining Journal – January, 2012)

January 27, 2012

The Canadian Mining Journal is Canada’s first mining publication providing information on Canadian mining and exploration trends, technologies, operations, and industry events.

Charlene Easton is a Senior Manager and Business Practice Leader in Ernst & Young’s Climate Change and Sustainability Services group. She is based in Vancouver.

Canadian mining and metals companies’ corporate social responsibility is about to get a lot more interesting as an uptake in regulations and frameworks for due diligence on mineral supply chains in conflict-affected and high-risk areas emerge around the world. The goal of these newly introduced regulations and frameworks is to ensure responsible supply chain management so that so-called “conflict minerals” do not directly or indirectly contribute to regional conflicts in areas where armed aggression can lead to severe human rights abuses against workers and local people.

In an attempt to prevent mined minerals from fuelling conflict in the Democratic Republic of Congo (DRC), the US introduced a conflict mineral requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010. Section 1502 of the Dodd-Frank Act requires all US Securities and Exchange Commission (SEC) registrants – including any Canadian company listed on a US stock exchange – to disclose whether the minerals they source contribute to armed conflict.

Solid Gold fights court order – by Ron Grech (Timmins Daily Press – January 27, 2012)

January 27, 2012

The Daily Press is the city of Timmins broadsheet newspaper

A mineral exploration company that was forced by injunction to halt drilling outside Wahgoshig First Nation has responded with a two-pronged legal attack.

Solid Gold Resource Corporation has filed an appeal against the court’s decision to award an injunction and it is suing the Ontario government.

“We’re appealing the injunction that was awarded to Wahgoshig, ordering the Crown and Solid Gold to enter some kind of consultation,” said company president Darryl Stretch. That appeal is to be heard on Feb. 29 in Toronto.

“We have also just served notice to the Crown for damages that have affected our company as a result of this injunction,” said Stretch. “That claim is for at least $100 million.”

Miner Solid Gold sues Ontario over court ruling halting its operations – by Romina Maurino (Canadian Business – January 25, 2012)

January 26, 2012

This article came from the Canadian Business website: http://www.canadianbusiness.com/

The Canadian Press

TORONTO – Solid Gold Resources Corp. (TSXV:SLD) says it plans to sue the Ontario government for $100 million over a ruling that temporarily prevents the junior mining company from drilling on Crown land near traditional First Nation territory.

The company alleges the province is liable for losses it suffered after a ruling earlier this month sided with the Wahgoshig First Nation in saying Solid Gold failed to consult before beginning its exploration.

Solid Gold has said any duty to consult with First Nations falls to the government, not the mining company, and it’s not something the province can delegate.

Solid Gold president Darryl Stretch, who is appealing the injunction, said the ruling has far-reaching implications because it means it would now be up to companies to get consent from First Nations on any project that runs near their traditional land.

Canadian mining company denies link to shooting death of protester in Mexico – by Peter O’Neil (National Post – Janurary 26, 2012)

May 4, 2015January 26, 2012

The National Post is Canada’s second largest national paper.

OTTAWA — Vancouver-based mining company Fortuna Silver says it has nothing to do with the shooting death of a protester in a town near the company’s mine site in Mexico.

Police have arrested the alleged shooter implicated in the death of Bernardo Mendez Vazquez, who was shot last week during a protest that news reports have linked to opposition to the gold and silver mine.

The shooting took place in the town of San Jose del Progreso, where the mine is the chief employer. The town and mine in the southwestern state of Oaxaca have been the sites of past conflicts involving groups who say the mine is an environmental threat to the arid region’s scarce water supply.

But Fortuna Silver president Jorge Ganoza said “misinformation” is behind media reports tying his company to the violence, which also left another protester with a leg wound.

Gold junior [Solid Gold Resources] sues Ontario govt for C$100m over ‘precedent-setting’ ruling – by Matthew Hill (Miningweekly.com – Janaury 24, 2012)

January 25, 2012

Mining Weekly is South Africa’s premier source of weekly news on mining developments in Africa’s most important industry. Mining Weekly provides in-depth coverage of mining projects and the personalities reshaping the mining industry.

TORONTO (miningweekly.com) – Solid Gold Resources, a Toronto-based junior with precious-metals prospects in Ontario, said on Tuesday it is suing the Ontario government for C$100-million, and possibly more.

The company is seeking damages sustained as a result of a January 3 Superior Court of Ontario ruling that prevents it from drilling at its Lake Abitibi property, located east of Timmins in northern Ontario, for 120 days while the TSX-V-listed company consults with the Wahgoshig First Nation.

Judge Carol Brown’s judgement “squarely conflicts with the decision of the Supreme Court of Canada in Haida Nation v. British Columbia, which held that third parties cannot be held liable for failing to discharge the Crown’s duty to consult and accommodate,” Solid Gold said in a statement on January 19.

It said it would appeal the decision.