Progressive article on gold mining
The Progressive magazine has a good article titled Is Free Trade a Gold Mine? which provides an overview of the gold mining controversy in El Salvador. It describes over Pacific Rim's plans to mine gold in El Salvador and that company's lawsuit over the government's refusal to give it the necessary permit to start mining. As the article notes, there's a lot of money at stake:
Read more here.
The company estimates that 1.4 million ounces of recoverable gold sit in the Cabañas area. With gold at about $1,200 per ounce, that means potential profits in the hundreds of millions.
Under Salvadoran law, Pacific Rim would pay 2 percent in royalties for every ounce of gold mined, and a 25 percent tax on profits. Shrake said the mine would mean economic turnaround for a country he describes as “in shambles, coming apart at the seams.” It would, he said, create 600 direct jobs and about 3,000 indirect jobs, and become the biggest taxpayer in the country. Shrake said that by embracing mining, El Salvador could be like Chile, which he says more than doubled its GDP in the 1990s thanks to foreign investment in copper mines.
But Pacific Rim opponents say the environmental and social consequences aren’t worth any amount of money. They fear contamination from the cyanide used in the mining process, and acid mine drainage—acid runoff created when compounds within the ore are disturbed and exposed to oxygen. Aside from contamination, mining also uses massive amounts of water—about 250,000 liters per hour for a medium-size operation. Though El Salvador is a rainy country, lack of infrastructure, deforestation, and other issues have caused a critical shortage of clean water for the dense population.
Read more here.
won't you please run right up to the top of this page like a good girl & post your comments.
don't let those anti-mining activists get away with anything.
after all they are just a bunch of fringe-niks who've been brainwashed by the archbishop the ngos and other extra-terrestrials.
did you spend a lot of time studying the open portals and waste dumps at old Rosario, fransica.
gosh you must have been a pacific rim staffer or even - gasp !! - an officer, otherwise how would you have been allowed on the mine site.
here's another little hint.
your text will be ever so much more readable and convincing if you break it down into separate paragraphs.
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(firstname.lastname@example.org) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
Email Kindly Contact: email@example.com