The Return of Gold Fever – by Roger Lemoyne (The Walrus – January 12, 2011)

https://thewalrus.ca/

One of Canada’s pre-eminent photojournalists explores one of man’s oldest obsessions in the heart of the Brazilian Amazon

We’ve all heard tales of the men who followed the lure of gold into harsh wilderness, turning over the land with brute force, often finding little more than the community of fellow dreamers. Legendary gold rushes took place in California, Victoria, and the Klondike in the second half of the nineteenth century, right around the time the camera was invented.

But while portrait photography caught on quickly in cities, hauling giant glass plates into the bush was next to impossible, so the gold rush phenomenon went almost completely undocumented visually. Not until the advent of hand-held cameras like the Leica could photographers portray stories unfolding in remote locations—which is exactly what Sebastião Salgado did when the Serra Pelada gold rush broke out deep in the Brazilian Amazon, circa 1980.

When I was starting out in photography, Salgado was king. He had taken the “concerned photographer” mission global, producing massive books on broad social themes, with an unprecedented combination of artistry and salesmanship. His Serra Pelada—black and white shots of some 80,000 mud-caked miners—was an account of epic, almost biblical human undertaking.

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Move more civil service jobs out of Toronto – it worked in Peterborough – by Rosemary Ganley (Peterborough Examiner – August 31, 2017)

http://www.thepeterboroughexaminer.com/

Coming back from a Northern Ontario Business conference one day in 1986, Premier David Peterson asked his fellow passengers, including me, in the government aircraft: “Is there anything tangible that we can do to help northern and other regional communities that are suffering economically?”

I was at the time deputy minister of Northern Development and Mines and I said, “We could help them by transferring a lot of government jobs out of Toronto, which is booming, and into places that need them.” This prompted a series of meetings with him and senior Queen’s Park staff, the result of which was a decision to proceed with a number of transfers, including my ministry (to Sudbury).

Two years later I had moved to the Ministry of Natural Resources. I was informed that the MNR head office was also to be transferred and we should decide quickly on our preferred destination. The following day, my executives and I selected Peterborough and our recommendation went to the Premier and cabinet.

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Lost resource opportunities mean higher taxes – by Colin Craig (Toronto Sun – September 7, 2017)

http://www.torontosun.com/

But it’s not just the oil and gas sector that is constantly being obstructed.
Ontario’s “ring of fire” – an immense mining opportunity in northern Ontario
– has yet to ignite and the massive Site C hydro dam in B.C. is facing
opposition from the province’s new government. In 2016, the Financial Post
identified “35 projects worth $129 billion, that have been stalled or cancelled
due to opposition from environmental, aboriginal and/or community groups.”

Every Canadian should reflect on four words Oklahoma Governor Mary Fallin recently shared at a conference in Banff. After describing how she had heard about several oil and gas companies cancelling their multi-billion dollar projects in Canada, Fallin quipped – “opportunity here, opportunity there.”

The inference was that she could approach those companies and try to convince them to invest in her flourishing oil and gas state. Fallin of course wants the thousands of jobs those companies would bring, the billions in tax revenues they would pay and all the other positive spinoff effects.

So why is Canada letting all those jobs, and the billions of tax dollars they would contribute, slip between our fingers?

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Brookfield Prepared to Exit Palladium Stake as Metal Soars – by Danielle Bochove (Bloomberg News – September 7, 2017)

https://www.bloomberg.com/

Brookfield Asset Management Inc. is laying the groundwork for the possible sale of one of the world’s only dedicated palladium companies even as prices for the metal used in car pollution control devices soar.

Canada’s largest alternative asset manager is the majority owner of North American Palladium Ltd., whose main asset is a mine near Thunder Bay, Ontario with reserves of 21 million metric tons. Brookfield’s involvement began in 2013 when the company almost collapsed amid a poorly conceived expansion.

What began as a $130 million loan became a 92 percent equity stake after the company’s situation deteriorated further and it failed to find a buyer. Since then, North American Palladium has redesigned the asset and managed to post its first quarterly profit in six years as prices of the precious metal rallied.

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Gold, greed and garimpeiros: Corruption allegations roil failed venture at Brazil’s most notorious mine – by Matt Sandy (Al Jazeera America – July 21, 2015)

http://projects.aljazeera.com/

Standing on the steps of her pale blue wooden shack overlooking one of the world’s most notorious gold mines, Maria Rita Ferreira Rodrigues was so incensed she could not stop shouting.

The 58-year-old said she had lived in this house in Serra Pelada for 28 years, since it was a gold-rush town of violence, greed and intrigue amid the vestiges of the rain forest. But she had never seen anything like this.

“They humiliated us and treated us with contempt,” she said in February of the Canadian energy company Colossus Minerals, which spent $300 million over the past eight years trying to reopen the mine. “Everyone powerful here was bought by Colossus. There was not one judge, police chief or prosecutor on our side.”

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The hell of Serra Pelada mines, 1980s (Rare Historical Photos – February 24, 2016)

Serra Pelada, Brazil – Sebastião Salgado Wiki Photo 

http://rarehistoricalphotos.com/

Serra Pelada was a large gold mine in Brazil 430 kilometres (270 mi) south of the mouth of the Amazon River. In 1979 a local child swimming on the banks of a local river found a 6 grams (0.21 oz) nugget of gold. Soon word leaked out and by the end of the week a gold rush had started. During the early 1980s, tens of thousands of prospectors flocked to the Serra Pelada site, which at its peak was said to be not only the largest open-air gold mine in the world, but also the most violent.

At first the only way to get to the remote site was by plane or foot. Miners would often pay exorbitant prices to have taxis drive them from the nearest town to the end of a dirt track; from there, they would walk the remaining distance—some 15 kilometers (9.3 mi) to the site.

Huge nuggets were quickly discovered, the biggest weighing nearly 6.8 kilograms (15 lb), $108,000 at the 1980 market price ( now $ 310,173 in 2016). During the peak of the gold rush the mine was known for appalling conditions and violence, whilst the town that grew up beside it was notorious for both murder and prostitution.

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Indonesia and Freeport end their squabble over Papua mine – by Erwida Maulia and Wataru Suzuki (Nikkei Asian Review – September 7, 2017)

https://asia.nikkei.com/

JAKARTA The chief executive of U.S. mining company Freeport-McMoRan and two Indonesian ministers publicly declared on Aug. 29 an end to an acrimonious dispute over a giant copper mine in Papua that has raged for months.

The deal is seen as a testament to Indonesian President Joko Widodo’s resolve to balance foreign investment with national interests. CEO Richard Adkerson told a press conference that Freeport has agreed to relinquish a majority stake in its subsidiary, Freeport Indonesia, to local interests in exchange for extending the Papua mining contract by 20 years to 2041.

Dressed in a traditional batik shirt, Adkerson cut a very different figure to his last public appearance in Jakarta in February, when he wore a black suit and threatened the government with arbitration.

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Nunavut Planning Commission gets started on Mary River expansion – by Jim Bell (Nunatsiaq News – September 6, 2017)

http://www.nunatsiaqonline.ca/

After nearly three years, Baffinland’s Phase 2 scheme starts moving through the Nunavut regulatory system

Nearly three years after Baffinland Iron Mines Corp. first proposed its Phase 2 expansion plan for the Mary River iron mine, an updated version of the project will finally start moving through Nunavut’s regulatory system.

And more than two years after Bernard Valcourt, then the Conservative minister of Indigenous and Northern Affairs, exempted the first version of the scheme from the scrutiny of the Nunavut Planning Commission, the NPC will get to look at it after all.

The planning commission, in a public notice issued Aug. 31, now seeks comment from governments, organizations and individuals on an application from Baffinland to change the North Baffin Regional Land Use Plan to allow for a 110-kilometre railway between Mary River and Milne Inlet, and for winter sealifts during the months of December, January and February.

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Aroland anxious for ‘gateway’ role in Ring of Fire – by Carl Clutchey (Thunder Bay Chronicle-Journal – September 7, 2017)

http://www.chroniclejournal.com/

As efforts continue to obtain unanimous indigenous consent for two major access roads into Northern Ontario’s Ring of Fire mining belt, at least one First Nation is sounding reassured that its interests are being met.

Aroland First Nation Chief Dorothy Towedo said Wednesday the province has agreed to work with the band and fulfil its goal of becoming the Ring of Fire’s “gateway.” “Ontario is now clear,” Towedo said in a news release. “It is committed to working with Aroland and other First Nations for planning potential mining and related infrastructure developments.”

She added: “This commitment is a necessary part of obtaining consent.” Towedo said her community, located adjacent to an existing provincial highway near Nakina, felt assured after receiving a supportive letter from Northern Development and Mines Minister Michael Gravelle.

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[Northwestern Quebec] The Birth of Rouyn and Noranda: A Mining Story (Website Historical Resource)

1932 Group Photo of Noranda Executives – James Murdoch and Noah Timmins in front row centre wearing fur coats

For an excellent website historical resource on Rouyn and Noranda: http://www.virtualmuseum.ca/community-stories_histoires-de-chez-nous/rouyn-noranda-une-histoire-de-mines_a-mining-story/

In the mid-1920s, discovery of copper and gold deposits in Northwestern Quebec resulted in an epic mining rush. Prospectors, followed by thousands of men and women, gathered there to work and live. Two neighbouring mushroom towns with many fundamental differences, Rouyn and Noranda, quickly came to life in the boreal forest, becoming populous and organized communities.

Unlike the farming parishes established earlier on in Abitibi and Témiscamingue, Rouyn and Noranda were built as a result of mining developments. In but a few short years, the landscape changed drastically: In the 1910s, only Aboriginal peoples and prospectors looking for precious metals were seen around Osisko Lake, but in 1925, a large influx of newcomers settled in the area.

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[Canada First Nations – Historic Pollution] The Monster Underground – by Hilary Beaumont (Vice News Canada – September 6, 2017)

https://news.vice.com/

There are more than a thousand cases of industrial pollution affecting 335 First Nations in Canada. Some of them have serious health effects. But the governments responsible have dragged their feet for decades.

Johanne Black wants to start a legend to tell future generations about the deadly arsenic in the soil and water in N’dilo, a Dene community of 200 people in the Northwest Territories. She calls it: “The Monster Underground.”

When the Giant Gold Mine opened across Great Slave Lake in 1948, nobody warned the locals that the mine was using an especially deadly form of arsenic that dissolved easily in water. Not long after the mine opened, it emitted arsenic into the air and it settled into the snow that the children played in.

English newspapers warned of contamination, but most Dene people couldn’t read these warnings. People became sick, and according to oral evidence from elder Therese Sangris, in the spring of 1951 four children died. The details of the event are recounted in a report to the federal government, based on evidence given by local elders.

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Bitcoin’s Golden Future – by David Fickling (Bloomberg News – September 5, 2017)

https://www.bloomberg.com/gadfly/

Could bitcoin be the next gold?The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe disinterest in bigger-picture issues.

The idea has become particularly popular as the value invested in bitcoin and other cryptocurrencies has marched upward over the past year. Even after this week’s selloff, prompted by China declaring initial coin offerings illegal, the value of all cryptocurrencies in circulation is around $155 billion, according to Coinmarketcap.com.

That may sound small compared to the $7.8 trillion notional value of the world’s 187,200 metric tons of gold. At the same time, it’s already about a tenth the value of the 40,000 tons of yellow metal used for investment as bullion bars and coins, and has overtaken the amount held in gold exchange-traded funds.

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How green are the batteries?: Electric car revolution boosts business for big Arctic air-polluter – by Thomas Nilsen (The Baren Observer – September 7, 2017)

https://thebarentsobserver.com/en/

Nornickel eyes sharp increase in demand for nickel and copper as tens of millions of electric cars hit the roads over the next few years. Nickel prices leap to new heights, increasing 36% over the last two months. Copper, another key metal for electric car batteries, has seen prices climb by nearly 20% since mid-summer.

That is very good news for Nornickel, one of the world’s largest suppliers of both nickel an copper. With factories on the Taymyr Peninsula and in the Murmansk region, the company’s directors are smiling all the way to the bank. And back. With workers’ salaries to be paid in rubles, and sales abroad in dollars, Nornickel is benefiting from Russia’s turbulent economy with low currency rate.

Nornickel now wants to expand sales to the electric car industry. Recently the company signed an agreement with BASF on possible supply of raw materials for future battery material production for lithium-ion batteries in Europe.

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Protesters storm Philippines mining event, demand halt to extraction – by Enrico Dela Cruz (Reuters U.S. – September 6, 2017)

https://www.reuters.com/

MANILA (Reuters) – Around 300 protesters clashed with security on Wednesday at a Manila hotel where an annual mining conference was being held, demanding that mineral extraction be halted due to the environmental destruction caused.

The rally comes a day after President Rodrigo Duterte declared he’s supporting a ban on open-pit mining in the Southeast Asian nation, a move that could constrict supply from the world’s top nickel ore exporter.

“Words are not enough, he must act on it,” lawyer Aaron Pedrosa of Sanlakas (One Force), an activist political group that was among the protesters, told reporters. “We are here to express our opposition to mining in our country and the failure of mining companies to rehabilitate mining areas,” Pedrosa said.

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Ivanhoe plans ‘new era of production’ for historic DRC mine – by Natasha Odendaal (MiningWeekly.com – September 6, 2017)

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – TSX-listed Ivanhoe Mines has entered into discussions to start a “new era of production” at the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo (DRC), that could deliver one of the highest-grade major zinc mines worldwide.

Ivanhoe, which, in conjunction with its 32% joint venture (JV) partner State-owned miner Gécamines, recently upgraded Kipushi, is now planning to restore production, with the JV, the Kipushi Corporation, focusing initial mining on the Big Zinc deposit.

Negotiations are under way with Gécamines and DRC’s national railway company Société Nationale des Chemins de Fer du Congo (SNCC), along with potential project financiers, to advance agreements to launch the new era of commercial production, said Ivanhoe executive chairperson Robert Friedland.

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